David Smorgon, businessman and adviser A Lap of Caulfield Park

At its peak, in the early 1990s, Smorgon Consolidated Industries was one of the largest and most diverse family businesses in Australia.David Smorgon estimates that there were 25 family members across three generations working in the business, whose origins can be traced to a kosher butcher in Lygon Street, Carlton, in 1927.On top of that, there were another 200 family members who didn’t work in the business, but who were nevertheless involved as direct and indirect shareholders.The company w...