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Business maharajas

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  1. Luck at the first turning point

    In each of these tycoons' careers, a stroke of luck arrived at the first big turning point. Skill and strategy built the empires, but the opening break was luck, not planning. Success stories told as pure management genius leave out the chance event that let the genius matter.

  2. Bloodline can outrank ability

    In a family-run business house, being a member of the family can count for more than being capable. A brother who cannot run something may still be given it because he carries the family name. Loyalty and kinship are treated as qualifications in their own right, alongside competence or ahead of it.

  3. A few owners touch everyday life

    A handful of family industrial groups spread across unrelated everyday goods: tea, cars, music, building materials. A few owners can then reach daily life almost everywhere. They employ hundreds of thousands of people directly and indirectly affect millions more who use their products without thinking about who makes them.

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