Family Office Buzz

World’s 50 wealthiest cities. Most successful family businesses ever. How Mark Cuban built billions. JP Morgan market notes “Tariff Tantrum”. The truth behind Chinese luxury goods videos.

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Mr FamilyOffice & Mr FO
April 21, 2025

FAMILY OFFICE BUZZ

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

  • The world’s 50 wealthiest cities report

  • The most successful family businesses in history

  • How Mark Cuban built billions by hedging the downside

  • JP Morgan market notes on Trump’s “Tariff Tantrum”

  • The truth behind Chinese luxury goods viral videos

𝕏 highlights

The most successful family businesses.

European billionaires are still struggling to find family office talent.

How Mark Cuban built wealth and protected against downside.

Hong Kong is going all in on family offices.

You can’t look away.

in LinkedIn highlights

The latest world’s 50 wealthiest cities report.

Henley & Partners - The Firm of Global Citizens®

The 2025 World’s Wealthiest Cities Report, published today by Henley & Partners in partnership with New World Wealth, provides a comprehensive overview of the Top 50 cities in the world for millionaires and benchmarks wealth in over 100 centi-millionaire hotspots globally. 

www.linkedin.com/posts/henley-partners_worldswealthiestcities-report-highnetworthindividuals-activity-7315282646400425985-zkrW?utm_source=share&utm_medium=member_desktop&rcm=ACoAAA1yzSABrt3YeH6j8ZoWGuzHBCxo_ASFyww

Why more Americans are opening Swiss bank accounts.

More rich Americans are opening Swiss bank accounts fearing U.S. risks

Why are wealthy Americans suddenly opening Swiss bank accounts?

www.linkedin.com/posts/robertfrank-cnbc_more-rich-americans-are-opening-swiss-bank-activity-7319044422313132032-DtVy?utm_source=share&utm_medium=member_desktop&rcm=ACoAAA1yzSABrt3YeH6j8ZoWGuzHBCxo_ASFyww

📰 family office news roundup

Five thoughts on the market’s tariff tantrum. JP Morgan’s market note highlights five key takeaways amid the post-“Liberation Day” turmoil. They argue that tariffs are acting like a tax on multinationals, potentially wiping out earnings growth - J P Morgan

Wealthy families embrace systemic rethink to impact investing. Pioneering family offices and wealth managers are rethinking impact investing by embracing systemic investing - Professional Wealth Management

Rockefeller Global Family Office Continues Growth. The Rockefeller Global Family Office has added its first advisor team in New Jersey as part of its strategic expansion - Yahoo Finance

‘Your capital is safe’ in Hong Kong, financial secretary reassures family offices. Hong Kong’s Financial Secretary Paul Chan positioned the city as a stable and attractive hub for investment amid global trade tensions. Chan highlighted Hong Kong’s policy consistency, deep liquidity, and investor confidence as key strengths - South China Post

Family Office Should Be A Fortress, Not Just A Fund. Reframe the family office as a strategic institution, not just a financial manager: it’s time to move beyond viewing family offices as tax vehicles, toward a more holistic role that includes governance, legacy, and emotional intelligence - BW Businessworld

Fund firms fear bank backlash over direct family office business. Asset managers are seeing a surge in direct interest from family offices in Singapore and Hong Kong, but fear upsetting private bank partners who dominate wealth distribution in the region. These family offices are increasingly seeking tailored strategies and fee efficiencies by bypassing banks - CityWire Asia

An institutional approach to family wealth management is key: Report. A new whitepaper from Lighthouse Canton, launched with the DIFC’s Family Wealth Centre, urges wealthy families to adopt an institutional approach to managing their wealth - Gulf Business

🍾 Living Large

If you’ve spent any time on social media this week, you will have seen the viral videos claiming that luxury goods are made in China for pennies... the BBC investigates in this short video.

Friday’s newsletter is on how to prepare future generations for the transfer of wealth.

Until then, see you on 𝕏 or LinkedIn.

 

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