7 Kids Who Turned Their Family Business Into Billion-Dollar Companies


Your goals are pretty simple: save money, pay down a mortgage, and try to hold on to a little something to pass on to your kids. Sometimes that’s your prized collection of foil-stamped X-Men crossovers. Sometimes it’s a multi-billion dollar corporation. But, for those who have started or inherited a family business, things can get tricky. First off, it’s hard to fire someone you’ll see at dinner. Most kids want to do the exact opposite of what you do for a living. Not to mention that two-thirds of all family fortunes are wiped out by their children.

But, it doesn’t have to be that way. The other third make something greater than they started with. And some of the most successful people in the world were heirs who took companies that their fathers had built and built them up. Here are 7 elite examples of what happens when you give your kid an entrepreneurial head start.

[Read the full article at Fatherly.com]

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