When the world’s richest and most powerful families deal with the tricky task of succession planning, it can attract a lot of interest. Think of news reports from the Murdoch’s media empire or, more recently, luxury goods company LVMH. Even fictional clans such as the Roys of TV show Succession attract massive global audiences with tales of dysfunction as members battle for control of the family firm.
As well as the real-life examples tracked by the world’s media, the many books, movies and TV shows based on stories of attempts to pass family wealth and power down through generations show just how fascinating this transfer can be.
