Winning the World: Top 10 Wealthy Families in the West

Author: Zhang Junjie
Publisher:
Publish Date: 2005-01-01
Features: In his book "Family Business Succession," American scholar Ken Gersick said: "Over 80% of businesses worldwide are family-owned, including both renowned global giants like Walmart and investment leaders like Fidelity Investments, as well as small grocery stores operating in secluded corners." According to data, at least 90% of non-public-owned enterprises in mainland China currently operate on a family-based model. Overseas Chinese have relied on this model to rapidly rise and become an undeniable economic force on the international stage in just a few decades. Amid the tide of the market economy, the rise of wealthy families in China is an inevitable phenomenon. However, after experiencing a period of entrepreneurial prosperity, wealthy family businesses now face new challenges: how to embark on a second or third wave of entrepreneurship, how to transform family businesses into century-old enterprises, and how to enable the successors of wealthy families to surpass their predecessors. These have become pressing issues for contemporary wealthy families.