How would you feel if your rich dad gave his fortune to charity instead of you?
That’s what happened to Alex Shih, the heir to Hong Kong’s biggest property agency. He won’t inherit a stake in Centaline Group estimated to be worth about $400 million.
The 30-year-old says he accepts his father’s decision: “He would say that it’s better not to lead a life that’s too comfortable in one go.” Shih has still taken over running Centaline, which handles two out of every five property transactions in the city.
And like many millennials, he’s also saving up up to buy his first house.
Breaking News2 months ago
Graduate hacked government database and employed himself
Breaking News1 month ago
9 years prison term for a forex millionaire
Exclusive Interviews3 months ago
We caught up with Africa’s richest forex woman
News1 month ago
Women In Forex boss challenged Sizwe Dhlomo on a R1 million charity donation in a Twitter war