Young Ones: Chua brothers driving Goldbell beyond third generation

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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.