Alex Shih is not getting a cent of a $400 million fortune
Hong Kong is known for it’s spiraling towers that dwarf the sky. It is also very expensive to live in. Centaline Group is a leading real estate agency in Hong Kong that provides a wide range of real estate services, including property sales and leasing, property management, and valuation services. The company was founded in 1978 and has since grown to become one of the largest and most established real estate agencies in Hong Kong.
Centaline Group has a large network of branches and sales offices throughout Hong Kong, and also operates in mainland China and overseas markets. The company is known for its innovative use of technology, including its online property platform, which allows customers to search for and view properties from anywhere, at any time.
In addition to its real estate services, Centaline Group also offers financial services such as mortgage brokerage, insurance, and wealth management. The company is committed to providing a high level of customer service and has won numerous awards and accolades for its performance in the real estate industry.
What does all of this have to do with inheritance? Alex Shih is the son of Wing-Ching Shih who is the founder of Centaline Property Agency Limited. Shih donated his share of the company his $US400 million ($A564 million) around 10 years ago. This is similar to other celebrity parents who have left their children nothing and donated everything to charity. People like the elder Shih want their children to be humble and their actions reflect that. However, Shih’s children no doubt have a vast wealth of resources and connections to fall back on. They will be setup for life, even without the money, as their father no doubt paid for their education and they have a network of people to rely on for future job offers.
The heir to a real estate magnate isn’t getting a dime of his father’s $400 million dollar fortune, but there are no HARD FEELINGS OVER IT!