Tesla CEO Elon Musk has outlined his plans for company succession, revealing that he has identified potential leaders for each of his ventures. Notably, Musk has explicitly ruled out his children from inheriting any voting shares in his companies, stating that he believes passing down fortunes is a mistake. He is exploring the creation of an educational institution to control his voting shares after his potential departure.
Peter Buffett, son of legendary investor Warren Buffett, chose to trade his inheritance for the freedom to pursue his passion for music. Despite missing out on a potential fortune, he believes he made the right decision and credits his father’s values for shaping his outlook on success.
Subbamma Jasti, a 91-year-old resident of Hyderabad, India, is the country’s oldest woman billionaire. With a net worth of USD 1.2 billion, she inherited her wealth from her late husband, Subba Rao Jasti. Her fortune stems primarily from the sale of her stake in Suven Pharma to Advent International in 2022. Learn more about her life and the legacy of her husband’s pharmaceutical empire.
The Forbes Billionaires List for 2024 features 25 young billionaires under 33 years old with a collective wealth of $110 billion. However, many of these fortunes are inherited, highlighting the role of family legacy in wealth accumulation. The Mistry brothers, Firoz and Zahan, exemplify this trend, inheriting a significant portion of their wealth from their late father, Cyrus Mistry.
The author recounts her experience sorting through her late mother’s vast wardrobe, finding solace and a connection to her past through each piece of clothing. From vintage dresses to designer bags, the clothes tell the story of a woman who lived a full life, leaving behind a legacy of style and memories that her daughter carries with her.
TV chef Dave Myers’ widow, Liliana, has been named sole shareholder of his company, Sharpletter Limited, after inheriting his £1.4 million estate. Liliana was appointed director of Myers’ company shortly before his death from cancer in February 2023 and has since taken over his shares in the company he co-owned with presenting partner Si King.
A Reddit user recently inherited a box of old coins from their grandfather and sought advice from the community on what to do with them. The coins were mostly quarters from the 1940s, 50s, and 60s. The user was advised to avoid cleaning or polishing the coins as it could damage their value and to have them appraised by professionals to determine their worth.
The movie follows Dusty, a mechanic who learns about his deceased biological father’s inheritance and must compete in wacky challenges across the country to claim it. Along the way, he discovers hidden talents and uncovers secrets about his past.
