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The Chinese proverb “Wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though says Wharton finance professor Richard Marston.

The Chinese proverb “Wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though says Wharton finance professor Richard Marston.


With a well-earned reputation for being one of the world’s finest boarding schools, the Institut auf dem Rosenberg has long instilled entrepreneurial skills and attitudes in its students. Now, with a new cutting-edge program teaching the benefits of technology, they’re preparing the next generation for whatever the 21-Century has in store.

With a well-earned reputation for being one of the world’s finest boarding schools, the Institut auf dem Rosenberg has long instilled entrepreneurial skills and attitudes in its students. Now, with a new cutting-edge program teaching the benefits of technology, they’re preparing the next generation for whatever the 21-Century has in store.

With a well-earned reputation for being one of the world’s finest boarding schools, the Institut auf dem Rosenberg has long instilled entrepreneurial skills and attitudes in its students. Now, with a new cutting-edge program teaching the benefits of technology, they’re preparing the next generation for whatever the 21-Century has in store.

With a well-earned reputation for being one of the world’s finest boarding schools, the Institut auf dem Rosenberg has long instilled entrepreneurial skills and attitudes in its students. Now, with a new cutting-edge program teaching the benefits of technology, they’re preparing the next generation for whatever the 21-Century has in store.


An Indonesian family conglomerate is putting its logistical muscle into getting relief supplies to disaster-struck Palu as the country reels from its fourth natural disaster in less than two months.

An Indonesian family conglomerate is putting its logistical muscle to getting relief supplies into disaster-struck Palu as the country reels from its fourth natural disaster in less than two months.

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

A childhood of discovery has inspired Mita Vohra in myriad paths from lawyer to jewellery designer and philanthropist. She speaks to Alexandra Newlove about growing up in one of Africa’s most prominent hotelier families, seeking challenges outside the fold, and her new jewellery company, Ortaea

A childhood of discovery has inspired Mita Vohra in myriad paths from lawyer to jewellery designer and philanthropist. She speaks to Alexandra Newlove about growing up in one of Africa’s most prominent hotelier families, seeking challenges outside the fold, and her new jewellery company, Ortaea

If you like your holidays, or business trips for that matter, to be characterised by warm hospitality, attention-to-detail, and personal touches, staying in a hotel owned by a family may be the solution. Alexandra Newlove takes a look at 10 of the best worldwide, from new-build blocks in the centre of Tokyo, to ancient villas clinging to the cliffs of Italy’s Amalfi Coast

If you like your holidays, or business trips for that matter, to be characterised by warm hospitality, attention-to-detail, and personal touches, staying in a hotel owned by a family may be the solution. Alexandra Newlove takes a look at 10 of the best worldwide, from new-build blocks in the centre of Tokyo, to ancient villas clinging to the cliffs of Italy’s Amalfi Coast

Following the decision of the Greek court, it is now possible for spouses to submit separate individual annual tax returns depending on their tax residency. This decision comes as a solution to the problem of married couples who live separately due to various reasons, such as when one of them lives abroad because of professional engagements.

Following the decision of the Greek court, it is now possible for spouses to submit separate individual annual tax returns depending on their tax residency.

This decision comes as a solution to the problem of married couples who live separately due to various reasons, such as when one of them lives abroad because of professional engagements. 

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