FB Wealth
From the onset of the new millennium, business leaders have been increasingly interested in ‘purpose’—the idea that they might look beyond the profit motive alone to consider why the business exists and what purpose it serves.
While 2021 has started not unlike how much of 2020 played out, with Covid-19 infections continuing to spread and many countries reimplementing lockdown measures, the approval and rollout of various vaccines to combat the coronavirus has been an undeniable game-changer for markets. It's provided a clearer road map for a return to some form of normality, although the path ahead is still likely to remain bumpy, with continued uncertainties in the offing.
A Canadian next-generation entrepreneur says more families are investing sustainably in forestry to achieve their impact goals and for the long-term inflation-proof returns of timber as an asset in their portfolios.
Some beneficiaries discover that faith in fiduciaries can be misplaced. A combination of events, poor decision making, or even malign actors can see the value of fortunes thought to be in safe hands wiped out.
Agnelli heir John Elkann in the driving seat of Stellantis, Samsung heir Lee Jae Yong sentenced to prison, Benjamin de Rothschild dies aged 57.
Arnault heir joins power trio in charge of Tiffany and Co, Founder Leonardo Del Vecchio steps back in EssilorLuxottica power transfer, Rockefeller Foundation divests $5 billion in fossil fuels.
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