The image popularised by bestselling movies and books (does Crazy, Rich Asians ring a bell?) that children of tycoons and industry magnates are spoilt, entitled and prone to excess, may be true in some instances. However, there are also a number of these scions that have used the wealth and influence they were born into, to make changes in the corporate world as well as to better the society and community they live in.
Looking in from the outside, we would think that these children would be given all the frills their wealthy parents can afford. However, this isn’t always true. Yen Kuok, daughter of Malaysia’s richest man, Tan Sri Robert Kuok, had famously told Hong Kong media that while she was in school, “My friends had more pocket money than me.”
High profile billionaires and their spouses, Bill and Melinda Gates, and Mark and Priscilla Zuckerberg, have publicly declared that they will only be leaving a minuscule portion of their wealth to their children and will instead be pledging most of their earnings to social causes and research. Warren Buffet who has plans to leave each of his children just US$2 billion out of his US$77 billion stash explained to Fortune Magazine in 1986 that to him, the perfect amount to leave his offspring is “enough money so that they would feel they could do anything, but not so much that they could do nothing.”
It goes to show that sensible parenting never goes out of style, whether you’re worth hundreds or billions in cash; and the results of common sense parenting are common sense kids who are better equipped to handle the wealth that they were born into. Let’s take a look at the daughters of some of Asia’s most prominent rich and famous, who are boldly forging a path for themselves and making their parents proud.
- Jane Li
Nineteen-year-old Jane Li is the apple of her father, Jet Li’s eye and there’s no doubt why…the Harvard student uses her free time while on campus to spearhead campaigns that highlight issues faced by the Asian community. Jane, who once interned at the United Nations, also gave a speech at a conference on women and entrepreneurship in Hanzhou. She and her younger sister Jada are currently helping out in One Foundation, the non-government charity organisation founded by their father to aid children’s welfare and focus on disaster relief.