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Family Office Buzz
Family offices flying high, Jeff Bezos flying fast
Mr FamilyOffice
September 09, 2024
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Family Office Buzz
It’s short. It’s snappy. It’s family office. It’s family office-adjacent.
A weekly collection of family office news and highlights
Included this week:
Who will be the world’s first trillionaire?
Family offices are overtaking hedge funds
Jeff Bezos’ new jet can almost break the sound barrier
The crazy story of the Getty family
McKinsey’s take on the Asian family office boom
𝕏 highlights
Leon Black opening up shop in Abu Dabi.
Leon Black, co-founder of Apollo Global Management, has opened a branch of his family office in Abu Dhabi, expanding his global reach trib.al/kyQ6JIn
— Bloomberg Wealth (@wealth)
5:09 PM • Sep 5, 2024
More on PJs coming soon. For the moment, here‘s Bezos’ latest jet.
Jeff Bezos' brand new Gulfstream G700 parked just across the tarmac from us at Van Nuys Airport today. The $80-million jet can travel at Mach 0.935 making it the fastest jet in Gulfstream's lineup. #G700#Gulfstream#avgeek
— John Schreiber (@johnschreiber)
1:42 AM • Sep 2, 2024
Who will be the world’s first trillionaire?
John D. Rockefeller became the world's first billionaire in 1916.
Nearly 110 years later and we still have not seen anyone become the world's first trillionaire — but that is likely to change in the next few years.
CNBC's Robert Frank recently pulled the data on who is most… x.com/i/web/status/1…
— Anthony Pompliano 🌪 (@APompliano)
9:20 PM • Sep 6, 2024
The Getty family.
The rise and fall of one of the world’s richest families:
The Gettys.
Kidnappings, heroin overdoses AND an +$8 BILLION personal fortune.
So why did Getty Sr. cut his own son out of his fortune?
This is their crazy ‘old money’ story:
— The Heirs Journal (@heirsjournal)
4:53 PM • Sep 6, 2024
A cynical view of wealth managers.
I've worked with 3 different private wealth managers over the past 5 years, including @GoldmanSachs.
To date, I can say that:
A. They have provided virtually no value in growing my net worth.
They promise access to exclusive investment opportunities, but the investments… x.com/i/web/status/1…
— Moiz Ali (@moizali)
8:15 PM • Sep 3, 2024
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in LinkedIn highlights
Insights from the latest family office report by Deloitte.
What characterizes a successful family business succession?
The annual cost of scrapping a preferential non-dom tax regime in the UK.
📰 family office news roundup
🔗 Asia-Pacific set to outpace all regions in family office set-ups by 2030, Deloitte says - The Star
🔗 Joe Reilly Launches Circulus Group Summit To Gather Family Office Community - Family Wealth Report
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