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  • To ensure successful philanthropic giving, family foundations should employ traditional business practices or risk their projects being ineffective, according to a director of a family foundation.

  • The world’s wealthiest families control $1.4 trillion, Hong Kong tycoon Peter Woo urges protesters to stop violence and Anil Agarwal’s family trust pulls out of bid for Jet Airways.

  • A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

  • Single family offices looking to hire top talent from traditional banking and asset management corporations should appreciate that not all candidates suit working in a family office environment, according to a family office recruitment director.

  • Bollore family to sell 10% of Universal Music to Tencent, Thai billionaire family to take Central Retail Corporation public and James Murdoch’s group acquires a majority stake in Tribeca Film Festival.

  • Vedanta chairman Anil Agarwal sells Anglo American stake, Coca-Cola heir launches cryptocurrency bank for marijuana business and Philippine Air founder Lucio Tan chooses non-family executive to succeed.

  • Louvre removes Sackler family from museum walls, France’s Bernard Arnault pips Bill Gates as world’s second-richest person and Family-funded Illuminated River project goes live.

  • Leslie Wexner distances himself from Jeffrey Epstein after criticism, Musgrave Group invest €2.6 million in sustainable food emporiums and Remy Cointreau searches for new chief executive as non-family director steps down.

  • Ross Perot, billionaire and philanthropist, dies aged 89, Marc Perrin elected as new president of PFV and Chinese real estate empire scion succeeds as chairman after father’s arrest.

  • A start as a door-to-door salesman in Texas has given next-generation angel investor and fourth-generation entrepreneur Anirudh Damani a unique perspective on business. Susan Lingeswaran finds out how

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