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The British Family Who Colonized Asia and Still Have Billions: The Keswick Dynasty
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6 апрHistory textbooks declare the British Empire dead and buried, its colonial flags lowered from Africa to Asia throughout the twentieth century as indigenous nations reclaimed their sovereignty.
The Keswick family sits on a fortune of one point five eight six billion dollars through a thirteen point six three percent stake in Jardine Matheson—a company that began peddling opium and now peddles everything from luxury penthouses to Toyota sedans.
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TIMESTAMPS
0:00 Introduction
1:36 Chapter 1: The Silent Colonial Billionaires
4:56 Chapter 2: Opium Dreams and Empire Schemes
10:39 Chapter 3: The Keswicks Step In
15:39 Chapter 4: Surviving Wars and Revolutions
20:25 Chapter 5: Many Generations Deep
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Current family patriarch Ben Keswick presides over this financial kingdom as Executive Chairman, the sixth-generation face of a dynasty that predates the telephone, the light bulb, and almost every company on the stock exchange.
The corporate empire under Keswick control generates staggering numbers—one hundred nine point three billion dollars in annual revenue, four point one billion dollars in operating income, and total assets of ninety-one point four billion dollars as of twenty twenty-one.
Their business tentacles stretch across Asia through eight major subsidiaries including Jardine Pacific, Jardine Motors, and Mandarin Oriental Hotel Group - a swanky set of digs you've probably heard name dropped a few times by your so-called "rich friends".
The cold Scottish winds that swept across Dumfriesshire in seventeen eighty-four gave no hint that the farmer's son born there on February twenty-fourth would one day reshape an empire halfway around the world.
William Jardine, orphaned by his father's death when he was only nine, possessed a fierce determination that his modest beginnings could never contain.
Aboard East India Company ships, where officers were permitted private cargo space, Jardine discovered that trading exotic goods—cassia, cochineal, musk—yielded profits that dwarfed a surgeon's salary, a revelation that transformed the physician into a merchant.
The cornerstone of their rapidly expanding empire was opium—grown under British supervision in India, smuggled by their agents into China, and exchanged for silver that would purchase tea for Britain's insatiable market, completing a circuit of trade that drained wealth from the Chinese empire while flooding it with addiction.
The First Opium War erupted soon after, its British victory crystalized in the eighteen forty-two Treaty of Nanking that prized open Chinese ports and handed Hong Kong to Britain—a slice of the Middle Kingdom where Jardine Matheson promptly purchased the first plot of land sold.
The Scottish connection that would fill the leadership vacuum left by Jardine and Matheson began not with a business transaction but with a marriage, when Thomas Keswick wed Margaret Johnstone, niece of Dr. William Jardine and daughter of Jean Jardine Johnstone—a union that would bind two families and forge a commercial dynasty spanning continents and centuries.
By eighteen sixty-two, William had returned to Hong Kong as a partner in the firm, his vision and ambition recognized by the aging founders who saw in him the future of their commercial empire.
The Communist victory in nineteen forty-nine forced a pivotal moment in the company's history—the relocation of Jardine's head office to Hong Kong, followed by a painful withdrawal from mainland China in nineteen fifty-four with losses totaling twenty million dollars as the company's interests were effectively nationalized by Mao Zedong's government.
Today's Jardine Matheson no longer trades ...
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