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Succession and Nepo Babies
Posted
May 5, 2023
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13
May 5, 2023
13
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1:08Now PlayingSuccession isn't just a TV show; it's a real-world contest in several of the richest families in the world. We're talking about nepo babies on steroids. Succession, the TV show, is suspected to be about the Murdochs. You know, the people who own Fox News and News Corp.
And, allegedly, Lachlan, one of Rupert Murdoch's sons, is the designated heir, at least for now. But there's another, far wealthier family that's also deciding which kid will succeed him. Bernard Arnault of Louis Vuitton Möet Hennessy, or LVMH, is the richest person in the world, richer than Elon, and he's currently figuring out his succession plan.
The Arnault family is worth more than $200 billion, and Dad is auditioning his kids to see who takes over. Do you think keeping the business in the family is a great tradition for the Arnaults and everyone else? Or is it an example of shameless nepotism?
Also, would you compete with your siblings to become the designated successor? Those are difficult questions I'll leave you all to ponder.
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