Business

What happens to a family dynasty after a $2.9 billion liquidity event?

Cambridge, USA - 29 May 2024. View of Novartis company office with logo sign, biotech industry

This week, one of Switzerland’s wealthiest family dynasties just made $2.9 billion after selling shares in a pharmaceutical company. But where’s all the money going? Probably to help alleviate tensions between family members and the management of the various foundations/investment/holding vehicles connected to the dynasty.

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