Billionaires who could not manage their mega riches(From top left to bottom right) Atul Shah, Njenga Karume, Gerishon Kirima and Pradeep Paunrana. In an interview with the Sunday Standard’s Weekend Business, Atul talked of having had his Damascus moment. But had it gone public, it would not have been the first Kenyan family business to do so. Huge conglomerates globally started as family businesses but as they expanded to spread wings overseas, they shed their family tag. A recent survey by PwC notes that family businesses, like all others - have grown to be more complex.

Source: Standard Digital January 14, 2020 06:30 UTC