Hidden Challenges within Family Businesses | CNBC Interviews Founder

Author

TIGER 21

Published On

November 16, 2021

Published In

Intergenerational Wealth, Asset Allocation, Entrepreneurship, Health & Wellness, HNW Family, Investment, Legacy Planning, Life After Exit, Wealth Preservation

TIGER 21 Founder and Chairman Michael Sonnenfeldt discusses the difference between first-generation wealth creators and their children, as well as how TIGER 21 Members are handling preserving wealth within their family with CNBC journalist, Eric Rosenbaum, in this article on family business and the unseen emotional challenges in succession planning.

Passing on a business can be like a lead weight around the neck, not in every case, but the general notion that it’s very hard to pass operating companies to the next generation is substantially correct

Michael Sonnenfeldt, TIGER 21 Founder and Chairman

Name*
First Last
Email*
Phone*
Please select the country or countries you reside in.*
Please select the state or states you reside in.*
Please select the territory / province you reside in. You may select multiple.*
City*
Please select the primary location where you would be interested in joining a TIGER 21 Group.*
Please select the answer(s) that best match your professional background.*
What are your goals / challenges?*
What areas are of interest to you?*
How did you hear about TIGER 21?*
Please provide the first and last name of the person who referred you to TIGER 21.
First Last
Please see below for criteria for TIGER 21 Membership.
- $20MM USD in Investable Assets*
- Readiness to share
- Willingness to learn
- Commitment to not solicit
- Commitment to attend monthly meetings
*Please note that meeting the specific quantitative requirement of a minimum of $20MM USD in investable assets does not automatically guarantee admittance into TIGER 21. There are other important, less easily defined requirements that also need to be met. These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group
Please select where you currently see yourself in terms of investable assets (USD or equivalent in local currency).*
- 0MM - $9MM
- $10MM-19MM
- $20MM-49MM
- $50MM to $99MM
- $100MM +
Comments
This field is for validation purposes and should be left unchanged.