This real estate billionaire prepared his son for succession by forcing him to work for a different boss: ‘You’re not going to work for me’

• Abletro Jorge Pérez His son Jon Paul was shocked By refusing him a family real estate company till he has gained experience working elsewhere. Decades later, the hard work of work, and Jon Paul was in charge today as CEO.

If the hit HBO drama Masakto Taught the business world anything, it should never expect to give anything from your family’s business – especially a billion dollars. Jon Paul Pérez learned it in a difficult way.

After college ending, Miami’s son Real Estate Jorge Pérez asked his father when he started working with family company, Related groupBut his answer is not what he wants to hear.

“You don’t work for me,” Jorge remembered CNBC within wealth.

While Jon Paul admitted he was surprised by goodness, it might not want his father not wanted to risk his son by joining his son – because they were related. So, Jorge got a simple but unequal way: he placed his son’s abilities by making him work for his close friend and businessmen.

Billionaire children who need to find their desks on the table

So it’s just like it, instead of starting his career in the relevant group after graduating from the University of Miami, Jon Paul who rode New York himself to lift himself.

Jorge tells all the children of his children to work for him, they need to spend at least five years of work in the solid land land from a master from a master from a master Top Business School First.

Jorge’s strict policy is to make sure that his children don’t just follow his own racing path, see how useful it is.

“I told them just because I was successful in real estate, don’t get something you don’t trust,” said Jorge CNBC. “Because life is so hard how it is and when you wake up every day and do something for making money or that you don’t want to work out, it doesn’t work.”

“I don’t want the other company to feel that they are brought for their last name,” Jorge added.

Jon Paul later began as an analyst of related companies, a company owned by a close friend of family and billionaire, Stephen Ross (Up Up to 2022Ross also has a minority stake in Perez’s company). He was later Got an MBA from the Northwestern University School of Management – The No. 3 business business in the country, according to wealthRanks in pattern.

Earn Corneratic Office: A CEO CEO above

By 2012, Jon Paul took sufficient experience (in his father’s eyes) to join the related group but has not been handed by a high-profile portfolio; He began as a business leader in renting and he worked.

But his father’s strict love was finally paid. Jon Paul is now carried out as the family executive of the family, where he runs with his brother, Nick. Their father, who would be head of executive, saying that his sons finally got it.

“The two got their positions in the company working for a decade of responsible positions outside and inside the company,” said Jorge The Johnical Business Journal in South Florida.

And while led for the family patriarch there is no short interference after being forced to jump on the burning hoops to prove himself for work, Jon Paul appeared for the new challenge.

“I just want to produce – I don’t care who’s credit,” he As by 2022.

wealth reached with related groups and the Pérez family for commentary.

This story originally shown Fortune.com

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