How would you feel if your rich dad gave his fortune to charity instead of you?
That’s what happened to Alex Shih, the heir to Hong Kong’s biggest property agency. He won’t inherit a stake in Centaline Group estimated to be worth about $400 million.
The 30-year-old says he accepts his father’s decision: “He would say that it’s better not to lead a life that’s too comfortable in one go.” Shih has still taken over running Centaline, which handles two out of every five property transactions in the city.
And like many millennials, he’s also saving up up to buy his first house.