Five things wealthy families can learn from Lee Man Tat
The International Family Offices Journal
Vol. 6 - Iss. 2 pp. 40–41
In 1954, Lee Man Tat joined the oyster cooking sauce business which his grandfather had founded. He died earlier this year, aged 91 and chairman of LKK - a $17 billion international conglomerate. There is a Chinese adage (which has its equivalents around the world) that ?wealth does not go beyond the third generation?. However, by the time Lee Man Tat died every one of his children were involved in the family company and his grandchildren - Generation 5 - were also becoming highly engaged. What can other wealthy families learn from Lee Man Tat?