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Transitioning Billionaire Family Businesses
The success of family businesses is critical to the success of the worldwide financial ecosystem. A key challenge for many family businesses is succession and, if not succession, the sale of the company. Over the next decade, across the world, the family businesses that have produced a sizable percentage of the super-rich (net worth of US$500 million or more) are going to have to address how to transfer control – management control and/or ownership control.
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