How Philanthropy can Strengthen the Family and Prepare the Younger Generations
By Patrick ONeill and Bill Malloy III, MWM, a multi-family office
The Purpose of Wealth
The purpose of wealth is not to serve itself, but to serve the family and society. American industrialist Henry Ford famously...
Reflections on Family Business Education
Interview with Prof. Craig Aronoff
Over the past few decades, family business research centres and higher education programs seem to have mushroomed around the world. At Tharawat magazine we asked ourselves about the origins of...
Of Pots, Pans and Family Nicolas Audi Catering
Interview with Karim Audi and Karim Bechara
Nicolas Audi is an architect and an artist, but most of all he is a cook. Known for his adventurous cuisine for over 30 years now, Nicolas only...
Maison Tarazi – Against All Odds
In 1862, Dimitri Tarazi began his first commercial venture in Beirut, Lebanon, establishing the foundation for a resilient family business with a complex history. His younger brother André joined the company soon after and...
Family Business Tech Talk – 5 Great Apps for your Family Business
Multigenerational family businesses have a great responsibility in preserving their heritage and legacy. However, it is equally important to look to the future and remain informed about fast-paced changes new technologies are triggering and...
The Fearless and the Archive
Interview with Sam Reich
Sam Reich has always done things differently. At 13, he set up his own tech company. This first small venture put Sam through university. The fact is entrepreneurship runs in the...
Trust Between Brothers – Inside “The Khoury Project”
Elia, Basil, and Osama Khoury are the three brothers behind the musical ensemble “The Khoury Project”, in which Elia plays the oud, Basil the violin, and Osama the qanun. What is most striking about...
Emotion in Family Businesses: Utilise the Positives, Resolve the Negatives!
Emotional relationships (positive and negative) have a powerful influence on every aspect of our lives and are a key influence our behaviour and decisions. Behaviours driven by emotions can be dysfunctional, especially if based...
Anger in the Family Business
“Anybody can become angry - that is easy, but to be angry with the right person and to the right degree and at the right time and for the right purpose, and in the...
A Legacy of Love – The Wonderful Story of the Henriquez Family
Interview with Cristina Henriquez
Love… Likely the most powerful emotion known to human kind. As literature, poetry and all other art forms have always told us, it is the one feeling that allows unparalleled euphoria...
Mazzoleni – Two Generations and Their Love for Art
Interview with Luigi Mazzoleni
Giovanni and Anna Olimpia began collecting art 50 years ago. They started with 20th century Italian works by artists like de Chirico, Savinio, Afro, Dorazio, Capogrossi, and Post-War artists. They sold...
Von Bartha – The Art of Family
Interview with Stefan von Bartha
In the Swiss city of Basel, there is a contemporary art gallery with a red petrol pump in front of it. The white letters above the wide glass doors spell...
Hemmerle – A Tradition of Innovation
Interview with Mr. Christian Hemmerle
In 1893, brothers Anton and Josep Hemmerle took over a goldsmith business in Munich, which counted amongst its clients the Bavarian Royal Family. Known for producing medals and orders, the...
Puig – A Family of Fragrances
In 1914, entrepreneur Antonio Puig Castellò founded a small importing business in Barcelona, Spain. After a hundred years of expansion and innovation, his grandchildren now run the international luxury conglomerate that is at once...