Li Ka-Shing

Ena Baxter, who turned Baxters soups into a global business, had died aged 90; also, Aldi heir wins art fraud case; succession shenanigans at South Korea’s Lotte.

Family-controlled firms can make decisions faster than shareholder-owned ones. The strategy of the world’s smartest investors is clear: get into Europe. 

Asia’s richest man has split his company in half, making his family and shareholders a lot of money. Like many of Hong Kong’s other tycoons, he just seems to get better with age.