{"id":852510,"date":"2025-05-31T22:13:39","date_gmt":"2025-06-01T03:13:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/31\/us-billionaire-reveals-why-he-rejected-his-sons-job-request-made-him-earn-his-stripes\/"},"modified":"2025-05-31T22:13:39","modified_gmt":"2025-06-01T03:13:39","slug":"us-billionaire-reveals-why-he-rejected-his-sons-job-request-made-him-earn-his-stripes","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/31\/us-billionaire-reveals-why-he-rejected-his-sons-job-request-made-him-earn-his-stripes\/","title":{"rendered":"US Billionaire Reveals Why He Rejected His Son&#8217;s Job Request, Made Him Earn His Stripes"},"content":{"rendered":"<article id=\"story-9283614\" data-url=\"\/world\/us-billionaire-reveals-why-he-rejected-his-sons-job-request-made-him-earn-his-stripes-9283614.html\">\n<p><span>Last Updated:<\/span><time>April 02, 2025, 09:42 IST<\/time><\/p>\n<h2 id=\"asubttl-9283614\">Instead of giving a job to Jon Paul in his company, Jorge Perez encouraged him to gain experience elsewhere before considering a role in the family business.<\/h2>\n<figure><img decoding=\"async\" alt=\"Billionaire Jorge Perez. (Related Groups.com)\" title=\"Billionaire Jorge Perez. (Related Groups.com)\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&#038;width=640&#038;height=360\" loading=\"eager\" fetchpriority=\"high\"><\/p>\n<p>Billionaire Jorge Perez. (Related Groups.com)<\/p>\n<\/figure>\n<p id=\"0\"><span>In a surprising move, billionaire Jorge Perez revealed that he had rejected his son Jon Paul\u2019s bid to join the family\u2019s real estate firm, Related Group. Perez\u2019s unexpected response left Paul surprised and determined to prove himself.<\/span><\/p>\n<p id=\"1\"><span>In an interview with CNBC\u2019s Inside Wealth, Perez said that after completing college, Paul approached him about joining the family business. However, instead of giving a job to Paul in his company, Perez encouraged him to gain experience elsewhere before considering a role in the family business.<\/span><\/p>\n<div>\n<h2>Recommended Stories<\/h2>\n<ul><\/ul>\n<\/div>\n<p id=\"2\"><span>\u201cYou\u2019re not going to work for me,&#8221; Mr Perez recalled to CNBC\u2019s Inside Wealth. He added that he did not want to risk his reputation managing their $60 billion asset by hiring his son, just because they\u2019re related.<\/span><\/p>\n<p id=\"3\"><span>Jorge Perez said that he sent Paul to work for a close friend and business partner to prove his abilities. Following graduation from the University of Miami, Jon Paul Perez begrudgingly relocated to New York to carve out his path.<\/span><\/p>\n<p id=\"4\"><span>Perez said that he had already told all his children that they had to spend at least five years working in the tough New York real estate market before joining his firm. He also said that he had asked to get a master\u2019s degree from a top business school. He had a strict policy that his children wouldn\u2019t automatically follow in his footsteps just because of the financial benefits; they had to forge their paths.<\/span><\/p>\n<p id=\"5\"><span>\u201cI told them, just because I\u2019ve been successful in real estate, don\u2019t pick something you don\u2019t have a passion for. Because life is very tough the way it is and if you wake up every day and do something just for making money or that you don\u2019t like, it\u2019s not going to work. I didn\u2019t want the rest of the company to feel that they were brought in because of their last name,&#8221; Mr Perez said.<\/span><\/p>\n<p id=\"6\"><span>Paul began his career as an analyst at Related Companies, owned by billionaire Stephen Ross, a family friend and former investor in his father\u2019s company. He later earned an MBA from Northwestern University\u2019s esteemed Kellogg School of Management, ranked the nation\u2019s No. 3 business school by Fortune.<\/span><\/p>\n<p id=\"7\"><span>By 2012, he had gained enough experience to join Related Group, but his father didn\u2019t hand him a top role. Instead, Jon Paul began by overseeing the rental division and gradually rose through the ranks. His perseverance paid off, as he and his brother Nick are now assuming co-CEO roles at Related Group, while their father transitions to executive chairman.<\/span><\/p>\n<p id=\"8\"><span>\u201cBoth have earned their positions in the company, having worked for over a decade in responsible positions both outside and inside the company,&#8221; Perez said.<\/span><\/p>\n<ul><span>Location :<\/span><\/p>\n<p><span>New York, United States of America (USA)<\/span><\/p>\n<\/ul>\n<ul><span>First Published:<\/span><\/p>\n<div>\n<p>April 02, 2025, 09:40 IST<\/p>\n<\/div>\n<\/ul>\n<p><a href=\"http:\/\/www.news18.com\/\">News<\/a>  <a href=\"http:\/\/www.news18.com\/world\/\">world<\/a>  <span> US Billionaire Reveals Why He Rejected His Son&#8217;s Job Request, Made Him Earn His Stripes<\/span><\/p>\n<p> News18 <br \/><a href=\"https:\/\/www.news18.com\/world\/us-billionaire-reveals-why-he-rejected-his-sons-job-request-made-him-earn-his-stripes-9283614.html\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Updated: April 02, 2025, 09:42 IST Instead of giving a job to Jon Paul in his company, Jorge Perez encouraged him to gain experience elsewhere before considering a role in the family business. Billionaire Jorge Perez. (Related Groups.com) In a surprising move, billionaire Jorge Perez revealed that he had rejected his son Jon Paul\u2019s<\/p>\n","protected":false},"author":1,"featured_media":852511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132,336],"tags":[6059,6130],"class_list":{"0":"post-852510","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-billionaire","8":"category-reveals","9":"tag-billionaire","10":"tag-reveals"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/852510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=852510"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/852510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/852511"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=852510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=852510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=852510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}