Dato’ Loy Teik Ngan - From Billionaire's Son to Losing it All and Starting Over [The Business of Family Podcast]

www.businessoffamily.net

Dato’ Loy Teik Ngan is the eldest son of a well-known entrepreneur who built one of the largest business conglomerates in Malaysia. Dato Loy took over the rein of his family company upon his father’s demise.

Within a year, the sprawling business empire that took 35 years to build, collapsed under the weight of huge debts amidst the 1998 Asian financial crisis.

  • Dato Loy informed the bank he was indebted to, that they could either push him into bankruptcy or loan him more money to rebuild and pay back the company debts.
  • Dato’ shares his unique living arrangements, including a Family Compound of 4 family homes, a "Living Together Committee" and the process of planning their Annual Vacations.
  • The concept of a "Personal Portfolio" in creating an education plan for the family
  • Dato’ explains the concept of the "Deathwalk", an exercise involving walking into our death, looking back at our current age, and giving ourselves the advice we would.

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