Billionaire Jorge Pérez and his sons reveal their three secrets to passing down the family business
When Jon Paul Pérez graduated college, he assumed he would go to work for his father.
When Jon Paul Pérez graduated college, he assumed he would go to work for his father.
After all, Jon Paul had been learning the family business since he was a kid, following his dad to the office at Related Group, working summers on construction sites and developing a passion for real estate development. Jon Paul’s father, Jorge Pérez, was thriving as Miami’s “condo king,” building ever-taller and more luxurious condo towers in South Florida.
At his graduation dinner, Jon Paul asked his dad when he could start work at the company. His dad’s response: “You’re not going to work for me.”
“I was shocked,” Jon Paul said.
Jon Paul would learn his father had a plan, one that would take years to complete before he could join the family firm.
Rating: 5