In a move that captured the sports world’s attention, LeBron James’s son Bronny was drafted by the Los Angeles Lakers this past week. This father-son pairing in the NBA is a rarity, reminiscent of other legendary family duos like Dell and Steph Curry. The draft has ignited discussions not just about a potential father-son NBA duo, but about the prospects of multigenerational success in both sports and business. LeBron James, a billion-dollar athlete-turned-entrepreneur, has built an empire that extends far beyond his legendary basketball career. From lucrative endorsement deals and strategic investments to media production and tech ventures, LeBron has demonstrated a business acumen that rivals his on-court prowess.

As Bronny steps into the professional arena, he inherits more than just his father’s athletic genes. He stands to benefit from LeBron’s vast business experience and connections, potentially setting the stage for a new kind of family dynasty. This transition from individual success to family legacy echoes some of the most influential multigenerational stories in the business world, particularly in the realm of finance.

The Fisher family stands out as a prime example of such multigenerational success. Philip Fisher, a pioneer of growth investing, made his mark on Wall Street in the 1950s and ’60s. His groundbreaking book “Common Stocks and Uncommon Profits” became a seminal text for investors, including Warren Buffett, who credited Fisher as a major influence on his investment philosophy. Fisher’s approach, which emphasized thorough research and long-term investment in high-quality growth companies, revolutionized the field and laid the groundwork for modern growth investing.

Philip’s son, Ken Fisher, took this legacy and built upon it in remarkable ways. Starting Fisher Investments in 1979 with just $250, Ken grew the firm into a global powerhouse managing. He recently sold a small stake in the company valuing the business at $12.7 billion. Ken didn’t simply replicate his father’s strategies; he innovated and adapted to changing market conditions, pioneering the use of small-cap value strategies and becoming one of the first to advertise investment services in mainstream media.

The Fisher legacy demonstrates how financial acumen can be passed down and amplified across generations. It’s not merely about inheriting a name or connections; it’s about absorbing wisdom, developing personal innovation, and maintaining a relentless drive to succeed and grow. This same potential for generational growth is what makes the James family’s journey so intriguing.

LeBron has laid a solid foundation with his diverse business portfolio and strong personal brand. Bronny, as he enters the professional basketball arena, stands to benefit not just from his father’s athletic legacy, but also from the business savvy LeBron has cultivated over the years. The parallels between the Fishers in finance and the Jameses in sports and entertainment are striking, highlighting the universal principles of multigenerational success.

The key to such success, as exemplified by both the Fishers and potentially the Jameses, lies in the delicate balance of honoring core principles while adapting to changing landscapes. It’s about transmitting values, work ethic, and business acumen while allowing each generation the freedom to innovate and adapt.

The James family’s unfolding story serves as a compelling case study in real-time of the potential for building a multigenerational empire. Their journey, along with those of families like the Fishers, offers valuable insights for anyone looking to create a lasting legacy in business and beyond. As we watch this story develop, it reminds us that true multigenerational success is not just about passing down wealth, but about instilling the values, knowledge, and adaptability needed to thrive in an ever-changing world.