Building a multibillion-dollar empire is one thing. Keeping it in the family is another matter.
By the time Wee Cho Yaw died earlier this month at 95, his five children had firmly established roles within Singapore’s richest banking dynasty that forged a $10 billion fortune. Still, his more than a dozen largely millennial grandchildren have mostly pursued their own passions in business, from a three-star Michelin restaurant to co-founding a dry cleaning chain and a website selling Asian artwork.
Cho Yaw’s wish, he wrote in his 2014 biography, was that his grandchildren would take a prominent role in the family businesses. So far, that hasn’t happened. More on the heirs in line to inherit his fortune: https://bloom.bg/3P1rjJF
: Kua Chee Siong/SPHOL/AP Photo
