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Philanthropy

A Chinese billionaire couple has been condemned on social media for not supporting tertiary education in their home country after creating a scholarship for disadvantaged students to study at elite institutions abroad.

The daughter of the late Australian media mogul Kerry Packer has said her parents were the inspiration behind an AU$200 million charitable fund, launched by the family this week.

Many wealthy families living off their investments are returning to active business operations, impact investing or philanthropy, as they feel they lack of purpose, a new report says.

African family businesses have significantly outperformed those in the Middle East and Asia when it comes to good corporate governance, exclusive research conducted by Campden Wealth reveals, with 71.4% employing non-family key decision makers in executive positions.

African family businesses have significantly outperformed those in the Middle East and Asia when it comes to good corporate governance, exclusive research conducted by Campden Wealth reveals, with 71.4% employing non-family key decision makers in executive positions.

Acciona sells one-third of renewable energy business, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement.

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement. 

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