Time is the fairest thing in this world. Rich or poor, there are only 24 hours a day. Because a person is rich, not second. Because a person is poor, he can lose a second. Even the super-rich who have accumulated talent and huge net assets cannot stop the passage of time. Faced with the baptism of time, almost all those who founded large family businesses chose the correct way of wealth inheritance. Some rich people choose to let their children receive elite education and guide them to take over the family business better. For example, I studied business in Li Ka-shing since I was a child. Some rich children have limited business ability. In order to prevent future generations from destroying this century-old foundation, the rich often take various coercive measures. For example, Zheng Yutong, a Hong Kong super-rich man, and his two sons, Zheng Jiachun and Cheng Jia, have no business talent.
When Zheng Jiachun took over the new world, it even led to an increase in corporate debt. In desperation, Zheng Yutong had no choice but to take over the enterprise again. However, Zheng Yutong will eventually grow old. When there were problems with his health, Zheng Yutong made adjustments, frantically sold mainland assets, and then used the returned funds to build commercial buildings, and maintained family wealth by collecting rent. Like Zheng Yutong, Xu Shixun is very worried about his successor. Xu Shixun is the king of Hong Kong ships, and his son's business talent is limited. In order to avoid losing his business empire, he chose to limit his wealth with trust. He donated all his $42 billion wealth to the trust fund, and his son and daughter-in-law Michele Monique Reis only got 2 million pounds a month for living expenses.
Strictly speaking, Xu Shixun's method is very reliable. You know, even if you don't count the wealth of 42 billion, just count the principal, Xu Jinheng will spend 1750 of the property. Giving all the wealth to Xu Jinheng at one time may lead to three generations. After all, Xu Jinheng has no business talent, and the chance of losing his family business is very high. Using trust to manage wealth in Xu Shixun can not only prevent the rapid loss of wealth, but also provide a platform for future generations to get rich.