$40 billion real estate tycoon made his son get an MBA, work elsewhere, and climb the ranks for 13 years to prove he's not a nepotism hire

Billionaire real estate tycoon Jorge Pérez put his two millennial sons through a nearly 20-year-long succession plan before handing over the reins as Related Group’s CEO in March. Jon Paul and Nick—now leading the empire managing a $40 billion development portfolio—had to get an MBA, work for a…
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