How would you feel if your dad gave his $400 million fortune to charity instead of you?
That’s what happened to Alex Shih, the heir to Hong Kong’s biggest property agency, Centaline Group, and his siblings.
But 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. You’ll treasure more if you gain things step by step.”
Shih has still taken over running Centaline Group, which handles two out of every five property transactions in the city. And like many millennials, he’s also saving up to buy his first house.