FamilyBusiness

The Wallenberg Family Transitions Leadership: A New Era for Swedish Business Giants

25 days ago

In a significant shift reflecting generational change, Sweden's prominent Wallenberg family has officially appointed members of the newest generation to pivotal positions within their vast business empire. This transition marks a crucial moment for the family, known for their longstanding influence in Swedish industry and finance, particularly through their flagship investment firm, Investor AB.

Singapore Billionaire Kwek's Son Sherman Denies Involvement in Alleged Board Coup

1 month ago

Sherman Kwek, the son of Singapore's billionaire real estate mogul Kwek Leng Beng, has publicly refuted allegations that he spearheaded a coup to alter the board of directors at their family’s investment company, City Developments Ltd. (CDL). This contentious issue has ignited debates regarding corporate governance and family succession within one of Singapore's most prominent business dynasties.

Howard Lutnick Appoints Sons to Key Positions at Cantor Fitzgerald

1 month ago

In a strategic move that signals a shift within Cantor Fitzgerald, CEO Howard Lutnick has officially appointed his sons, Brandon and Kyle, to pivotal executive roles within the firm. This decision, announced on February 20, 2025, marks a significant moment in the company's leadership dynamic as it prepares for future growth and leadership continuity.

The Ruling Elite: Asia's Wealthiest Families in 2025

2 months ago

As we step into 2025, a detailed study reveals the formidable status of Asia's richest families, showcasing not only their vast wealth but also their influence across various sectors spanning real estate, technology, and finance. The data sheds light on how these elite families are reshaping economies and creating sprawling networks that transcend borders.

Walton Family Secures Future of Walmart Ownership for Next Generation

4 months ago

In a significant development for the retail giant Walmart, the Walton family has announced plans to extend their ownership interest in the company to their next generation. This strategic move underscores their commitment to maintaining influence over one of the largest retailers in the world, which has been a cornerstone of the family’s legacy since its founding by Sam Walton in 1962.