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Selling a 5th Generation Family Business for $2 Billion

The Business of Family
Selling a 5th Generation Family Business for $2 Billion
By Mike Boyd • Issue #43 • View online
Welcome back to Season 2 of The Business of Family!
Check your favourite podcast apps for the latest episode featuring the Lang family’s incredible story of transition, succession and ultimately sale of their 5th generation family business.
I hope you enjoy the episode and other interesting links and content below.
If you’re new to the newsletter, please reply and introduce yourself or leave a review. I love getting to know the audience and what you find most valuable.
It’s great to be back,
Mike.

Spotlight: Bettencourt Meyers & Family
As of June 2021, Françoise Bettencourt Meyers, the granddaughter of L'Oreal founder, Eugène Schueller, is reportedly the richest woman in the world with the estimated fortune of $88.6 billion.
Bettencourt Meyers and her family own around 33% of L'Oreal stock. She has served on L'Oreal’s board since 1997 and is chairwoman of the family holding company.
After a fire severely damaged Notre-Dame de Paris, Bettencourt Meyers and L'Oréal pledged $226 million to repair the cathedral.
Recommended Reading
The Bettencourt Affair: The World's Richest Woman and the Scandal That Rocked Paris
Latest Podcasts
Sean Lang & Jeff Watters - Appointing a Non-Family CEO & Selling a 5th Generation Business
Interesting Links
What ‘Wealth’ Really Means to 4 Different Generations
Banker to World’s Richest Families Builds a $3.6 Billion Fortune
Stay in touch
Mike Boyd is the co-owner and CEO of the Vroom Group, Founder of Prosura insurance, Investor at Mudbrick Capital, Host of The Business of Family Podcast and an active member of YPO.
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Mike Boyd

I'm inspired by multi-generational businesses and the families who steward them.

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