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Family Office Buzz

Family Office Buzz

Four stages of family wealth. Billionaire profile of the craziest CEO alive. How Nicholas Cage decimated generational wealth. A better way to network in a new job.

Mr FamilyOffice
February 17, 2025

FAMILY OFFICE BUZZ

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

The four stages of family wealth
A better way to network in a new job
How Nicholas Cage decimated generational wealth
Billionaire profile of the craziest CEO alive
Living Large: the best new luxury hotels in the world

𝕏 highlights

The four stages of family wealth.

friend is at a family office conference. talk on the four stages of family wealth:
wonder
thunder
plunder
blunder
— Benn Eifert 🥷🏴‍☠️🖤 (@bennpeifert)
5:34 PM • Feb 12, 2025

How Nicholas Cage decimated generational wealth.

Nicolas Cage made $150M—then blew it all on 15 mansions, rare artifacts, and a haunted house.
He ended up $6M in debt.
Here’s the insane story of how he lost it all—and what we can learn from it:
— JJ – Millionaire Mindset (@JJsFinclub)
1:14 PM • Feb 14, 2025

A billionaire profile.

Richard Branson is the craziest CEO alive:
• Started an airline because his flight got canceled
• Built 400 companies just for fun
• Sued British Airways & distributed all the money
• Kitesurfs with naked models on his back
The person you know, the story you don't 🧵
— Christopher Ho (@Chr1stopherHo)
3:07 PM • Feb 14, 2025

How to network in a new job.

Networking in a strong culture usually takes years. Is there a faster way to break into an organization’s network?
— Harvard Business Review (@HarvardBiz)
7:16 PM • Feb 15, 2025

And some fine career advice!

accidentally became important at work n its ruining my life
— kanoa (@heelbitee)
9:40 PM • Jul 30, 2024

in LinkedIn highlights

Dalio’s ex-family office CIO joins firm for Corona beer billions.

Dalio’s Ex-Family Office CIO Joins Firm for Corona Beer Billions

Family Office Staffing. We continue to see the professionalisation of family office investment teams. As in the case of Bruce Zimmerman, the move from large…

www.linkedin.com/posts/shaun-parkin-41973425_dalios-ex-family-office-cio-joins-firm-for-activity-7295620210189811712-g55i?utm_source=share&utm_medium=member_desktop&rcm=ACoAAA1yzSABrt3YeH6j8ZoWGuzHBCxo_ASFyww

What hedge fund strategies are family offices currently allocating to?

Sam Nallen Copley on LinkedIn: #familyoffice #hedgefunds #longshort #quant #macro

Our latest poll in FOS (our family office community) - “What hedge fund strategies are you currently exploring / allocating to?” Of the ten options, the top…

www.linkedin.com/posts/sam-nallen-copley_familyoffice-hedgefunds-longshort-activity-7297219768351158272-tnHk?utm_source=share&utm_medium=member_desktop&rcm=ACoAAA1yzSABrt3YeH6j8ZoWGuzHBCxo_ASFyww

James Murdoch on sibling rivalry and the family succession war.

Growing Up Murdoch

James Murdoch has spoken openly about the dispute within his family in an interview with The Atlantic. He says his father, Rupert Murdoch, tried to change the…

www.linkedin.com/feed/update/urn:li:activity:7297042195855912961?updateEntityUrn=urn%3Ali%3Afs_updateV2%3A%28urn%3Ali%3Aactivity%3A7297042195855912961%2CFEED_DETAIL%2CEMPTY%2CDEFAULT%2Cfalse%29

📰 family office news roundup

Family office con man’s rehabilitation faces setback. More on family office conman Anthony Ritossa. After a nearly two-year hiatus, his attempt to relaunch the Global Family Office Investment Summit in Miami encountered a setback when key participants withdrew upon learning of his past conduct - Spears

Bank of America hires former JPMorgan executive to strengthen private bank, memo says. Bank of America has hired Mike Marino, a former JPMorgan executive, as Georgia market executive for its private bank. Marino, with over 30 years of experience, previously led ultra-high-net-worth and family office growth at JPMorgan - Reuters

The rise of the family office. Family offices are growing rapidly, now exceeding 8,000 globally, with 68% founded since 2000. They are major players in private equity and venture capital, often outpacing hedge funds - Fortune AOL

Tackling Second-Generation Family Office Challenges With Real Estate. Family offices transitioning to second-generation leadership often face governance challenges and a need to engage younger family members. Investing in real estate can address these issues by providing stable returns and opportunities for active involvement in asset management - Forbes

Wealthy families must protect online reputations. Wealthy families must actively manage their online reputations, as first impressions are often formed through internet searches. Experts warn that a lack of online presence can raise suspicion and allow others to control the narrative - Professional Wealth Management

🍾 Living Large

The best new luxury hotels in the world - Time Out

Going supersonic.

Imagine flying from NY to London in just a few hours. That’s the future Blake Scholl and his team at @boomaero are working towards.
For this episode of Hard Tech, @snowmaker visited @bscholl in the Mojave desert to learn how they built the first American civil supersonic jet.
— Y Combinator (@ycombinator)
3:00 PM • Feb 14, 2025

Gen X are dominating luxury spending.

In 2024, Gen X accounted for the largest portion of luxury spending: approximately a third of purchases, per FORTUNE.
This was followed by ‘older millennials’—people born between 1978 and 1988—who contributed a little under a third of purchases, and baby boomers, who made up… x.com/i/web/status/1…
— unusual_whales (@unusual_whales)
4:37 PM • Feb 14, 2025

Friday’s newsletter looks at expert generalists: how being a jack of all trades may be the most valuable family office skill.

Until then, see you on 𝕏 or LinkedIn.

𝕏 @MrFamilyOffice

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✉️ [email protected]

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