The apprenticeship of $ 100 million: Richlister puts his grandchildren in charge of his next major development as a test so he doesn't & # 39; dies & # 39; about how his legacy ends
- Brisbane businessman Kevin Seymour risks $ 100 million for his grandchildren
- The grandchildren were asked to develop and sell a residential object
- He wants to test his business acumen and skills to ensure that his legacy is secure
- The richlister built the various iconic features of Brisbane in the past 25 years
A richlister has given his grandchildren a $ 100 million residential project to see if they can live up to his legacy and add more to his $ 874 million family assets.
Kevin Seymour, 78, pays $ 100 million to his grandchildren Kate, Trent, and Ben, all in their early to mid-twenties, to test their business acumen and skills.
The three are working on their first residential project The Oxlade, which will start on 1 June on a river in the suburbs of Brisbane, and construction will commence later this year.
Kevin Seymour (photo) bumps $ 100 million on his grandchildren Kate, Trent and Ben, all in their early to mid-twenties, to test their business acumen and skills
Mr. Seymour said that Ben, the youngest of them, has already passed a test when he was sent to a weekend auction in April to secure a property.
& # 39; I don't want to die, I wonder if I will leave all the money to the children and if they will be able to. I want to see them perform now and see the results while I am alive, & said Mr. Seymour The Courier Mail.
& # 39; There are not many children in Australia who get the chance to make $ 100 million for their first project. It is an internship. & # 39;
Kate, who has an undergraduate and master degree in business, takes care of design and all interiors. Trent, who holds a trade diploma, is currently working with a company in Sydney.
Ben studied law and business.
Seymour said that Ben (photo on the right) has already passed a test when he was sent to a weekend auction in April to secure a home. Trent (photo left) has a trade degree and currently works in Sydney
The family has been active in the development of real estate for the past five decades and has built the iconic properties of Brisbane, including QueensPlaza and MacArthur Chambers.
& # 39; It is good to see that they now show an interest in real estate development and have a special interest in this New Farm area, where we have a number of river characteristics that are currently ripe for development & # 39;
Seymour & # 39; s fourth and oldest son Daniel Farquhar has been part of the Seymour Group in the last decade.
The family has a value of $ 874 million and they are among the wealthiest people in Queensland.
Mr. Seymour has an interest in property development, stock market, cash stocks, mortgage lending and oil and gas.
. (TagsToTranslate) Dailymail (t) news (t) Brisbane