A new wave of successful multi-generational family businesses is expected to emerge from the current class of self-made billionaires, new research predicts.
The 2015 Billionaires Report said data analysis of 1,300 billionaires from the last 19 years showed most US and European self-made billionaires choose to keep their businesses that built their wealth (60%), with one-third (30%) selling pieces of their business via an IPO or trade sale, while 10% cash out.