Leonardo Del Vecchio was aged 87 when he died in 2022 as chairman of Luxottica. Rupert Murdoch retired from Fox and the News Corporation age 92 in 2023 and Serge Dassault, the chief executive and chairman of Dassault Group died suddenly at the Paris headquarters aged 93. Warren Buffett currently age 93 remains co-founder, chairman and CEO of Berkshire Hathaway. We will soon, no doubt, see our first 100 year-old CEO. The longevity of the family businesses is rooted in its ability to successfully pass the baton to the next generation, but what does it mean when this milestone keeps getting further away as the founder generation dominate the business strategy and economics? It is likely that many of the next generation will reach retirement age before their predecessors are ready and willing to step down, leaving a need for individuals and family businesses to adapt accordingly.