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Family Office Buzz
The family business controlling both Ferrari and The Economist. Stingy Boomers. Ray Dalio online course. Goodbye fake FOs.
FAMILY OFFICE BUZZ
A weekly collection of family office news and highlights. Included this week:
They control Ferrari & The Economist - a look at one of the world’s largest family businesses
The shocking % of Boomers that plan to share their wealth while still alive
Ray Dalio develops a course for family office investors
A new approach to squeeze out fake family offices
Why family offices are risk magnets
𝕏 highlights
A fascinating thread on one of the largest family businesses in the world.
John Elkann runs one of the largest family businesses in the world: Exor.
They control companies such as Ferrari, Stellantis, CNH Industrial, and The Economist.
Lessons from Elkann on building businesses for generations ahead 🧵
— Quartr (@Quartr_App)
11:34 AM • Dec 4, 2024
A new Dutch exit tax for wealthy individuals.
JUST IN: DUTCH EXIT TAX
🇳🇱 The Netherlands proposes a new exit tax for citizens who leave the country
Income (and presumably capital gains) to be taxed for 5 years after leaving the country. Expected into effect in 2025
I've been warning you: they're trying to block the exits x.com/i/web/status/1…
— Alex Recouso (@alexrecouso)
11:17 AM • Dec 1, 2024
Europe’s billionaires are struggling to find talent. Could pay be a factor?
Europe’s ultra-high-net-worth families are moving fast to get their affairs in order ahead of the Great Wealth Transfer. trib.al/ho4huQX
— FORTUNE (@FortuneMagazine)
7:54 AM • Dec 8, 2024
Only 21% of Boomers are sharing the wealth during their lifetime.
Just 21% of Baby Boomers with at least $1 million said they “want the next generation to enjoy my money while I’m alive.”
— Bloomberg Wealth (@wealth)
1:40 PM • Dec 6, 2024
There’s some truth here!
in LinkedIn highlights
Latest European family office report from Campden Wealth.
Super rich are moving to Dubai, but keeping assets in Singapore, Switzerland.
Why family offices are risk magnets.
📰 family office news roundup
Corporate Transparency Act Temporarily Blocked. Law invalidated less than one month before reporting deadline by a Texas federal court that says requirements exceed Congress’s commerce authority - Bloomberg Law
Emerging VC Managers: A Family Office Perspective - Family offices are increasingly drawn to venture capital, balancing investments between established and emerging managers to capture high-return potential. Emerging managers, often spin-offs or founder-turned-investors, fill the gap left by larger VCs shifting towards private-equity-like returns, offering agility, alignment, and niche expertise - Forbes
Ray Dalio’s Latest Project: An Online Training Course for Family Office Investors - Ray Dalio has launched a global online course series focused on market principles and strategies tailored for family offices. The program builds on Dalio's decades of experience with Bridgewater Associates and his own family office and integrates lessons from his best-selling books. - Investopedia
World’s Best Private Banks 2025. A look at Global Finance's awards for the top global private banks. There is also a brief summary of trends in the private banking sector. From banks "moving upmarket" to the transformational impact of tech. There is also a discussion of how private banks are embracing family offices rather than trying to out-compete them - Global Finance
"Fake" Family Offices To Be Squeezed Out With New Benchmark. AYU community network has launched an Approved Family Office (AFO) Programme to combat misrepresentation in the rapidly growing family office sector, providing verified entities with certification to ensure transparency and integrity. The initiative addresses a surge of "fake family offices" exploiting access to exclusive networks, and requires applicant organizations to manage over $50M in wealth and define their structure. - Wealth Briefing
Startups and small businesses are missing family office funding opportunities. Family offices can offer shorter due diligence periods and long-term investment horizons, making them attractive partners for founders willing to invest time in building trust. Amid declining VC funding, aligning with family offices can not only secure funding but also attract additional investors as a vote of confidence - Insider Media
Friday’s newsletter is on fractional employees in family offices. It’s a growing trend that has big advantages for both employees and family offices.
Plus our December family office jobs newsletter goes out on Wednesday - you can still share a work opportunity to [email protected] for potential inclusion.
Until then, see you on 𝕏 or LinkedIn.
in LinkedIn
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