Borrowed from Your Grandchildren

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Families share their experiences of maintaining and growing wealth across generations, emphasizing not just financial success but also the importance of aligning wealth with their values and community well-being. Successful families have shown resilience, reinventing their businesses amid environmental changes and family dynamics. This insightful work by Dennis T. Jaffe, a leading figure in family enterprise consulting, features interviews with members of prominent 100-year family businesses from 20 countries. These families serve as role models for those aiming to positively influence their children, employees, and communities. While some continue to operate their legacy businesses, others have transitioned to family offices managing shared assets. All have preserved their family identity and values over three generations. The book presents nearly 100 real-life stories from Generative Families, who prioritize engagement and collaborative governance to ensure responsible stewardship of wealth. It explores the successes and challenges of retaining family wealth, offering rare insights from affluent families. Additionally, it examines the evolution of global family enterprises and the multifaceted dimensions of wealth. This essential resource is valuable for family members, executives, estate planners, consultants, and finance professionals seeking to understand the dynamics of family wealth stewardship.