Word: heir
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Saddam Hussein was perhaps too wily--or paranoid or superstitious--to name a successor to his throne. But in recent years it had become clear that the heir apparent was his second son, Qusay, 37. In the prelude to Gulf War II, Saddam appointed Qusay to command the defense of four key regions, including the cities of Baghdad and Tikrit, the family's tribal home and power base...
...Gulf War II approached, Iraq's leader was surrounded by the same clique of toadies who advised him in 1990, with the addition of his son Qusay, 37, the putative heir apparent. They operated like a Mafia family, deeply secretive and mistrustful of outsiders. The members of the inner circle all staked their fortunes long ago on Saddam's policies, even if it meant that when he went, they would go too. None of them would risk their life to tell Saddam the truth. He probably didn't care. As he wrote in one of his autobiographies, "I've always...
...some of the most established and successful family firms, the heirs have switched from an active-management to a passive-investor role. Consider Liliane Bettencourt, 80, who manages her family's $11 billion stake in L'Oreal cosmetics--founded by her father in 1907--through a holding company. She and her daughter Francoise, 49, sit on the L'Oreal board, but no other family member works at the firm. When Freddie Heineken died last year, control of his brewing colossus passed to his daughter and sole heir, Charlene de Carvalho Heineken, 48. She lives in London with her banker husband...
...Agnelli family long ago moved to diversify its wealth into stakes in such companies as Club Med and Danone, the world's biggest yogurt manufacturer. Whether or not Umberto succeeds in rescuing Fiat, the Agnellis face a vexing succession issue: there is no heir in the next generation. Giovanni's only son Edoardo killed himself two years ago, and Umberto's son Giovanni Alberto, who was being groomed as the successor, died of cancer in 1997. The burden of securing the family's financial future will probably fall to Giovanni's U.S.-born grandson John Elkann, who is just...
...star of Season 3 of The Bachelor will be hunky ANDREW FIRESTONE, 27, an heir to the Firestone tire fortune. Judging by his picture, his smile will be enough to make women roll over and burst into flames. Just kidding, folks...