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Young Ones: Chua brothers driving Goldbell beyond third generation
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Mr Alex Chua (left), chief executive of GB Helios, and Mr Arthur Chua, chief executive of Goldbell Group, at Kulto restaurant.
ST PHOTO: AZMI ATHNI
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SINGAPORE – A study by US-based wealth consultancy The Williams Group found that most families tend to lose their fortune by the third generation.
The 20-year project – started in the late 1990s and covering 3,200 families – showed that 70 per cent of wealthy families lost their riches by the second generation, and 90 per cent by the third.
