Only 2.3% of Wealthy Family Businesses Ready for Succession
The Julius Baer–EY Family Barometer Report 2026 reveals that only 2.3% of wealthy family businesses are prepared for succession. About 65.9% of families feel the next generation is not ready. Emotional attachment, informal decision-making, and weak family governance complicate transitions. In India, the biggest challenge is preparing families to decide the future direction beyond ownership transfer.
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