Raphael Palone

Raphael Palone

Despite concerns about wealth concentration, it is likely that an affluent family will eventually diminish the patriarch’s heritage and that lifestyle and investment choices are to blame.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Generational wealth: Does the apple fall far from the tree? 

WILL the son of a billionaire perpetuate his inherited wealth? Apparently not, if history is any guide. In fact, there is strong...