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How the Rich List is dodging real-life Succession dramas

How the Rich List is dodging real-life Succession dramas

As some of its icons are farewelled, a new generation is taking the reins. So far, the business landscape has remained relatively stoush-free. From the upcoming Rich List issue out on May 31.

James ThomsonColumnist

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It’s the billionaire version of four funerals and a wedding.
In the past 12 months, the Financial Review Rich List has farewelled four of its most iconic figures: Sydney property icon Lang Walker, veteran rag trader Marc Besen, car dealing legend Laurie Sutton and agribusiness giant John Kahlbetzer. Then in March, media magnate Rupert Murdoch, 93 – who has two children on this year’s list – announced he would marry his girlfriend, Elena Zhukova, 67.

On the surface, all of these events have the potential for succession drama: bitter fights over control of business empires, siblings going their separate ways, old wounds resurfacing as new partners are cut in.

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James Thomson
James ThomsonColumnistJames Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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Original URL: https://www.afr.com/rich-list/how-the-rich-list-is-dodging-real-life-succession-dramas-20240507-p5fwio