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John and Patrick Collison – Self Made Billionaires Get Younger

We’re seeing more and more of this and we’re not complaining. John Collison at 26, stands at the world’s youngest self-made billionaire in 2017. Not too much older is his brother Patrick Collison and together these Irish-immigrant brothers have made it big and have done it quick. John and Patrick were both born and raised in rural Ireland, and immigrated to America with an immediate attraction to Silicon Valley. Unlike the 80s and 90s, it is not a rarity to see a billionaire that is below th...

Increased Profitability by Women in Family Businesses

Globally, women are increasing their footprint across every sector, with family businesses being no exception. ‘Women now make up 40 percent of new entrepreneurs in the United States — the highest percentage since 1996’, according to the 2016 Kauffman Index of Startup Activity as reported on CNBC. With the increasing opportunities of growth for women, this number has considerably increased in 2017. Women taking control of family business is not a new phenomenon, but in the last few years, family businesse...

What to Expect as Millennials Take Over

With the slow but sure departure of baby boomers from the workforce around the world, there is an increasing amount of space being created for Millennials. This term has been used to describe the generation that was born anywhere after 1982. Whether it’s the West or the East coast, Millennials everywhere have an increasing presence in the current and upcoming economic landscape, and they are bound to change it with their distinctive work style and ethics. This evolving character of the workforce...

The Priority of Succession Planning for Business Owners

Around the world, we are increasingly hearing of multi-generational businesses going down for the count, and most of the time, it is the lack of a successful succession plan. As covered in a recent MarketCurrents interview (https://www.marketcurrentswealthmanagement.com/family-offices/interviews/seamless-transition-ownership/) on the subject of family vision alignments and succession planning, Mr. Rohit Sarin, Co-Founder of Client Associates said, “It’s a complex and long drawn process involving multiple roun...

Multi-Generational Businesses – What it takes to Succeed

Imagine a room full of people with different values, working styles, philosophies, cultures and expectations all working toward a common goal. Business owners face the challenge that comes with this diversity daily. Now, multiply this challenge four times and that’s what multi-generational business owners are facing. They face the above diversity, but with four different generational viewpoints. The traditional players, the baby boomers, the mid-career workforce and finally, the radically different, millennia...

How the Wealthy are Investing in Future Leaders

The increasing awareness of contributing toward positive changes in the world, compounded with family values and philanthropy has created, what is a common term today among family offices and wealth managers, impact investing. These investments serve a dual purpose – first, to make a positive impact on our society, but also to receive some positive returns from the investment. Even though this concept has been around for a while, the new generation seems to be more aligned with this particular type of investin...

The Largest Family Owned Businesses in Asia – Who They Are and Where They’re From

Asia has long been dubbed an emerging economy. According to the IMF, the economic outlook for Asia and the Pacific estimates growth for the region to increase this year to 5.5 percent, from 5.3 percent in 2016. This growth is expected to remain strong at 5.4 percent in 2018. Asia continues to be the leader in global growth. The below table represents some of Asia’s powerhouses. These are publicly listed companies with a net worth of billions of dollars that dominate the corporate landscape. For a private ...

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