A philanthropic focus

Head of Philanthropy Services, MeesPierson explains the secret behind organized philanthropy.

Many of us have heard of the proverb, From rags to riches and back again in three generations. In fact, this Chinese proverb is used in almost every single country and language of the world. As a test, I presented this proverb to high net worth individuals in Hong Kong, Singapore and Jakarta to see if they were familiar with it. All of them knew the saying all too well. So the next question arose can this proverb be broken

When we take a look at family wealth, we notice that the first generation usually acts as the wealth builders. The second generation steps in and functions to retain that wealth...

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