To preserve its wealth, a family needs entrepreneurial energy, so the family ofce should ensure that some resources are devoted to forward-thinking members.
Asian family offices can shape the future via impact creation, says Professor Winnie Peng, Director of the Roger King Center for Asian Family Business and Family Office.
(Bloomberg) For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era. He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens. Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce Violatio