Mr Family Office
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Family Office Buzz

Family Office Buzz

Living like a billionaire is more expensive than ever. Most liked and more - the best tweets of 2024. MFOs vs SFOs. Family office digital transformation insights.

Mr FamilyOffice
December 30, 2024

FAMILY OFFICE BUZZ

A weekly collection of family office news and highlights. Included this week:

Living like a billionaire is more expensive than ever
Can AI bring family office services to everyone?
Family office digital transformation
How do families adapt to a world that demands transparency?
MFO vs SFO, pros and cons

𝕏 highlights

Can AI bring family office services to everyone? I will dig deeper on this in the new year.

In the year 2030 anyone can have an AI Agent that will staff your Family Office and seek your best interest above and beyond the interest of all other organizations and corporations.
#2030Chia#CHIA#Chialisp#AIpartners
x.com/i/grok/share/C…
— 🌱christianb trad/acc (@ChristianB_0x)
9:26 PM • Dec 22, 2024

Startups love family office investors.

Family Offices going direct into early stage startups is the best honestly.
Cut the middle-man capital arbiter out. Especially Family Offices of industrial heritage. The absolute best. Without a doubt my favorite.
— Fil Aronshtein (@FilArons)
5:13 PM • Dec 19, 2024

How about a $100k finders fee when you’re still in business school?

$100,000 Finder's Fee in Business School!
Asher Edelman, a legendary corporate raider, offered Columbia MBA students $100k for identifying a company he could take over.
His class titled "Corporate Raiding: The Art of War"
Here are some insights:
— The Icahnist (@TheIcahnist)
3:28 PM • Dec 22, 2024

French family offices are investing in tech startups… this mirrors a global trend.

Family offices are increasingly getting behind startups in France. Sifted found which ones are most active. sifted.eu/articles/franc…
— Sifted (@Siftedeu)
7:30 PM • Dec 22, 2024

And because it’s the end of the year.

my best tweets of 2024:
💗  most liked
💬  most replies
🔄  most reposts
👀  most viewed
🔖  most bookmarked
— Mr Family Office (@MrFamilyOffice)
1:42 PM • Dec 29, 2024

in LinkedIn highlights

SFOs vs MFOs, the pros and cons.

Single family office (SFO) v multi-family office (MFO)

Wonderful to see Robert Kalff featured in Spears Magazine discussing ways we assist our clients in structuring their wealth, whether through a single-family or…

www.linkedin.com/posts/caroline-kitidis-9760501_single-family-office-sfo-v-multi-family-activity-7274757703401443328-SQ-m?utm_source=share&utm_medium=member_desktop

How do families adapt to a world that increasingly demands transparency?

The International Family Offices Journal

How do private families adapt to being more open in a world that increasingly demands transparency? For many, it’s not easy, especially in the digital era…

www.linkedin.com/posts/digitalismedialtd_the-international-family-offices-journal-activity-7276984314129526784-300-?utm_source=share&utm_medium=member_desktop

Family offices and digital transformation.

The Family Office Insights Series: Digital Transformation of Family Office…

I’m pleased to announce Deloitte Private’s latest edition in The Family Office Insight Series — Digital Transformation of Family Office Operations, 2024…

www.linkedin.com/posts/rebecca-gooch_the-family-office-insights-series-digital-activity-7272187928783552513-8uGp?utm_source=share&utm_medium=member_desktop

📰 family office news roundup

How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion. The Great Wealth Transfer is reshaping family office strategies as millennials and Gen X prioritize sustainability, innovation, and societal impact in their investments. This shift marks a departure from traditional, passive approaches, with younger heirs driving direct investments in sectors like climate tech, edtech, and renewable energy, aligning profit with purpose - CNBC

Hong Kong may see 43% jump in family offices in 2025. Hong Kong is poised for a 43% surge in family offices by 2025, driven by government initiatives like the New Capital Investment Entrant Scheme, which offers residency for a minimum investment of HK$30 million. With its stable investment climate and strategic financial connectivity, including access to Mainland markets via Stock and Bond Connect, Hong Kong continues to attract wealthy global investors. - Asia Asset Management

Growing influence of family offices in India. The country has experienced a significant rise in family offices, increasing from 45 in 2018 to over 300 by 2024, as ultra-high-net-worth individuals seek structured wealth management and succession planning. These family offices are playing a pivotal role in funding and mentoring startups, with over 40% doubling their allocation to private markets in the past five years, thereby propelling the Indian startup ecosystem - CNBC

Living Like A Billionaire Is More Expensive Than Ever. The cost of luxury living has risen by 4.7% in 2024, according to Forbes' Cost of Living Extremely Well Index (CLEWI), outpacing the general Consumer Price Index's 2.7% increase. This trend reflects higher expenses for items like Gucci loafers, sailing yachts, and spa retreats, making the billionaire lifestyle more expensive than ever - Forbes

Billionaires in 2024: Political profits, luxury losses and a sporting rollercoaster. In 2024, billionaires experienced varied fortunes: some benefited from political developments, while others faced declines in luxury markets and challenges in sports investments - Spears

That’s it for 2024. Wishing you all a Happy New Year and here’s to a magnificently successful 2025! 🎉

Friday’s newsletter: The Ultimate 2025 Family Office Calendar.

From the best family office conferences to essential social events.

»»» Hit reply - let me know the unmissable events for your family office!

Until then, see you on 𝕏 or LinkedIn.