Savvy kids of Asian tycoons tap family fortunes to build edgy venture fund
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Singapore
ONE of Rachel Lau's strongest childhood memories is the smell of newspaper. Her father, driving her to school each day in Kuala Lumpur, would make his sleepy daughter open the paper, go through stock quotes and do mental sums.
"He would be, like: 'How did KLK do today? OK, if it's up 4 sen and I've got 89,000 shares, how much did I make?'' ' Ms Lau recalled. The daily ritual continued through her teenage years. Her father Lau Boon Ann built his fortune in real estate and by investing in companies such as Top Glove Corp, which became the world's biggest rubber-glove maker.
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