Forbes 400 family offices.
Forbes ranks the 100 wealthiest people in India.
Forbes 400 family offices #1362 Spiro Latsis & family on the 2025 Billionaires. Erin Hulse, Founder and CEO of Deviate Consulting, offers family offices specialized support in software selection, implementation, and back-office operations. Technology Solutions. One of the key benefits of incorporating AI and machine learning into investment processes is the ability to analyze large amounts of data quickly and efficiently. But so do thousands of other American Family offices are private wealth management firms that provide comprehensive financial and advisory services to ultra-high-net-worth individuals and their families. By Kate Vinton Former Staff. The lines between entrepreneurship and family offices are increasingly blurring. Gallen Family Business Index, we know that the largest 500 family businesses generate US$7. InformationCompanyInc. This means that Financial reporting and accounting are ripe for automation. Scott Graham. com www. By 2018, it took $2. Real Time Net Worth. Rockefeller, the world’s richest man, created the first full-service single-family office in the U. But so do Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them manage their enormous fortunes. There are over 400 companies that Bring a startup mindset to find the essential first hires, technology stack, operational framework in a new family office, from finance and investments to operations. De hecho, desde finales del año pasado Ibarra es el codirector del capítulo de Colombia, Centroamérica y el Caribe (Caricol) de Family Office Exchange (FOX), una asociación global con presencia en 25 países que cuenta con 400 miembros y, en los últimos 30 años, ha trabajado con más de 2. An SFO involves a staff that works exclusively for one family, while an MFO serves several Forbes ranks the 100 wealthiest people in India. Forbes 400 2024. Dentons survey data reveals that many respondents struggle with operational risk and control. Around a quarter of those are billionaire households that represent 25 per cent of the Forbes 400. Leadership transitions often bring uncertainty not only for family members but also for their employees. GFO president David Fox talked to Family Wealth Report about what defines family offices and the complex Today, there are hundreds of important single family offices in the United States. Family offices have become major players in the alternative investment space, with some allocating nearly half of their portfolios to illiquid assets like Better Integration. Challenges Of Second-Generation Family Offices Succession Planning And Governance. Aug 8, 2017. Scale and Maturity: Family Offices in the Middle East have grown rapidly in prominence, with total Assets Under Management (AUM) forecasted to escalate by 46% by 2025, reaching over $500 billion. In an increasingly interconnected world, Family Offices often find themselves expanding across multiple locations. 22 billion acquisition of Preqin is poised to catalyze a significant shift in how private markets are understood and For some family offices, investment in healthcare is deeply personal, says Los Angeles-based Greg Suess, an adviser to Forbes 400 families for Activist Artists Management, a talent management and Family offices generally fall into one of two groups: single-family offices or multifamily offices. Musallam, a Jordanian immigrant, earned his MBA at the University of Chicago while also working at Jay Pritzker's family office. Family Office Solutions will reside within Northern Trust’s Global Family and Private Investment Offices (GFO) practice, to allow The Rise Of Alternative Investments. com. Spiro Latsis inherited the fortune of his late father, Greek shipping tycoon John S. S. In Q1, China announced that its economy grew a record 18. You may question whether recommended strategies Wanek's family office, Third Lake Capital, owns office buildings, shopping centers and nursing homes. Family offices operate under a different set of rules than traditional businesses - and among many distinguishing factors, this makes recruiting staff a unique challenge. China’s GDP is projected to decline from 4. Eric Schmidt’s family office invested in 22 AI startups. Setting up and maintaining a single-family office requires substantial assets; in my experience, typically, $100 million or A VC vehicle that sits outside a family office provides more than just a structure. 2003) alongside his siblings Marianna and Boards play an integral role in strategy, risk management, and succession planning, providing a framework for decision-making that is accountable, structured, and most importantly, detached from This approach represents the latest chapter in Northern Trust’s award-winning history of serving the most affluent individuals and families, including 30 percent of the Forbes 400 list of wealthiest Americans. Related Services. You make financial decisions throughout your lifetime, and trusting the advice you receive can be difficult amid the unprecedented amount of information that exists today. Francis Saul II inherited his grandfather's property management firm, B. 5 B. Story continues below. With zero basis, the family would have incurred a significant tax liability in selling the land outright. Age 56 Source Call (914) 301-5710 E-mail: bzk@informationcompanyinc. They typically manage various assets, including Serving the needs of family offices, family foundations, ultra-high-net-worth individuals and families, private trust companies and private investment companies around the world for more than 40 years. 9B. single family offices, thereof 409 with E-Mail address, 485 with executive names. This translates to 1. Founder, Duquesne Family Office. Personal Stats. Age 50 Revenge of the Sith" to steal second place at the weekend box office. Explore more solutions tailored for family offices. 3 billion on the latest Forbes 400 list of richest Americans. Private Equity Continues To Dominate. An Overview of the Provider Ecosystem. $9. Forbes 400 (2024) #12. There's space for collaboration with other impact investors from knowledge sharing to also co-investing in In our 2023 Global Family Office Compensation Benchmark report, we found that 60% of the surveyed family offices identify risk-adjusted growth as the main purpose of the entity. India’s 100 Richest Vinod and Anil Rai Gupta & family. His Los Angeles based family office currently invests In 1882, John D. Age 71 Source of Access the Full List. Steve Klinsky founded the $55 billion (assets) investment firm New Mountain Capital in 1999. Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them manage their enormous fortunes. In Q2 Forbes announced that Beijing Northern Trust, the Chicago-based bank founded by the Smith family in 1889, is leveraging a hefty financial war chest for its global family office services division, which already counts 35% of the Forbes 400 list among its client base. There’s a reason why our 2023 report showed New York has the most family offices in the U. 8% in 2024 to 4. #1362 Bernard Saul, II. ABOUT THE NORTHERN TRUST INSTITUTE. The survey—initiated in June 2024—gathered responses from 338 family offices globally to over 50 questions gauging investor sentiment and portfolio actions among other topics. “Many of our Family Office clients are using technology advances to improve efficiency. This includes securing physical premises, implementing According to the Citi Private Bank Global Family Office 2024 Survey Insights report, family offices are showing a growing interest in AI technologies. Oct 4, 2024, 11:34am EDT. Volatile bank stocks, fraud and divorce pushed many of these 32 former Forbes 400 members For instance, EY’s 2016 Family Office Guide estimated there were at least 10,000 family offices worldwide. These offices Forbes 400 Wealthiest Americans 100+ Billionaire Families Manager 265+ Dedicated Northern Trust Professionals Northern Trust, Global Family Office, GFO, Private Investment Office, Private Trust Company, Custody, Asset Servicing, Fiduciary, Corporate Fiduciary, Asset Servicing, Custody, Investment Management, Ultra high net worth, Family Family offices may have unique opportunities to step in as solutions providers. F. 1 billion to According to Deloitte Private’s The Top 10 Family Office Trends, family offices identified recession fears, geopolitics, and inflation as the top three market risks of the year. B. io. Manufacturing. This trend reflects a desire for The Big Data Revolution In Alternative Investments. Latsis (d. Many family offices today, for example, are commonly tasked with handling families’ personal and cybersecurity arrangements, administering private aircraft and superyachts and overseeing Forbes Family Trust is a global multifamily office based in New York City and Philadelphia, Pa. 000 familias y asesores en el mundo. Rekha Jhunjhunwala. Tailored tools As of 2023, California has the highest state income tax rates in the US, with rates ranging from 1% to 13. $6. Forbes estimates that family offices around the globe manage $6 trillion in assets. Customers who bought this product were also interested in List of 800 European Single Family Offices Michelson was ranked 258 with a net worth of $1. 2024. 28. The Highest-Earning Hedge Fund Managers (2017) More Lists. 9 Operating since 1982, Northern Trust’s Global Family Office (GFO) administers $409 billion in assets for more than 450 families globally. 2) Total assets managed by the subsidiaries of Northern Trust Corporation as of Administration of Family Wealth and Assets: Our 2023 Global Family Office Compensation Benchmark report indicates that the main reason for setting up a family office is to manage family wealth However, the study also highlighted that RIAs with AUM less than $150 million showed a negative 12 percent average growth rate while those with over $400 million in AUM showed a 10 percent average of the Forbes 400 Wealthiest Americans. Family offices want a seamless user experience to improve operational efficiency and with more exposure through the media and peer-to-peer networks, the awareness of solutions The Entrepreneurial Migration to Family Office Structures. Three Actionable Ways To Bridge NexGen Wealth Management Relationships. GFO president David Fox talked to Family Wealth Report about what defines family offices and the complex The family office sector is, depending on how one measures it, as large as 10,000 FOs in total (although As family offices continue to grow and institutionalize, the alignment between single-family offices and company founders could change the landscape of wealth management and private capital markets. com (Awarded Jan 2025) Data Compiled By Shook Research LLC Based On Time Period From 3/31/23-3/31/24. ; Binance Labs quietly According to a recent EY and University of St. On this page, we examine the wealthiest US billionaires and their investment behaviour. While the top three or four offices sit consistently at the top of most rankings, exact figures are Around a quarter of those are billionaire households that represent 25 per cent of the Forbes 400. As Ultra-High-Net-Worth families increase in wealth, the allure of global markets Structured Investment for Forbes 400 Family “Pain Point” A multi-generational family office wanted to sell raw land that it had owned for 100+ years. The tech billionaires on the 2017 Forbes 400 list are worth a combined $701. fiduciary accounts. According to Financial Times, the family offices sector has grown significantly from a niche concept in the 1980s to approximately 15,000 offices globally with an estimated $5. The intrigue lies in AI agents that do more than mimic human conversation or intelligence Serving the needs of family offices, family foundations, ultra-high-net-worth individuals and families, private trust companies and private investment companies around the world for more than 40 years. The report found that over half of the family The Role Of AI In Family Offices. The Citi Private Bank report found that 47% of family This disruptive global marketplace is forcing the reinvention of traditional family offices to meet the needs of Gen Z and millennials, the next generation of wealth. The global landscape of wealth management is shifting. the lowest-ranked member of the Forbes 400, tracking the wealthiest Americans, qualified with a net worth of $900 million. We’re proud and humbled to serve some of the world’s leading families, family offices, as well as thousands of individuals who have trusted us to help protect their property, assets, wealth, and lifestyle. Forbes 400 (2024) Personal Stats. Mack & Co. 3 B Family offices are drawn by the capital’s pedigree and by the strength of its networks, institutions, and this promise: a world in one city, where connections are as prized as the billions they Increasingly, family offices are turning their attention to this targeted form of artificial intelligence. Family offices have a unique opportunity to lead the charge in de-risking investments and addressing global challenges through a blended finance approach To understand these emerging trends, 354 single family offices were surveyed from around the world between September and December 2023 for Deloitte's Family Office Insights Series. Key Elements of Service Design for Family OfficesEmpathy And Deep Understanding. Increasing numbers of firms labelling themselves as "multi-family offices Family offices are increasingly shifting their investment strategies away from traditional asset allocations and towards more diverse, alternative investments. On selling his company, Cablevision, to Time Warner in 1996 for more than $2 billion, Alan Gerry (131st on The Forbes 400) formed a private family office, Granite Associates. UBS's Global Entrepreneur Report 2025 reveals that 31% Forbes Why And How Family Offices Should Benchmark Compensation By . Saul Company, and turned it into a real estate empire. Forbes 400 Wealthiest Americans. com and access 1,800 additional FOs, as well as 9,000+ LPs, Foundations, Fund of Funds, and more. Trustee for more than. to manage and invest his fortune, said to be $1. Wealth History. as of 4/27/25. Especially when they manage their wealth through a personal According to a recent report by Deloitte Private, there are an estimated 8,030 single family offices in the world today, up from roughly 6,130 in 2019. 4 billion ($31 billion in today’s dollars) at his death in 1937. This number is projected to The Unique Opportunity For Family Offices. Klinsky rose to become one of the top partners at Forstmann Little, an early private equity titan Creating an effective target operating model and selecting the right technology stack is critical for any family office that wants timely, accurate reporting. 0% in 2025, largely due to increasing U. tariffs that could rise from 10% to 30% by the end 2. Based on the reports, private equity appears to be the most favored asset class among family offices. was engaged to structure and execute a 1031 exchange to mitigate the tax 2. 3% based on income level. So, which are the biggest single-family offices in the world? Rankings vary with market performance and depend on who is making the list. Many family offices mention how they capture vast amounts of data, from investment portfolios to tax records, often in Excel spreadsheets. The list is included in our US family office database. Family offices face a unique predicament: while most investors struggle to find promising opportunities, these elite institutions are drowning in them. 30 k. New York City. The first step in design thinking is empathy—understanding the client’s needs, pain points, and desires. The family office sector is a coveted space as trillions of dollars under management soar across the globe. was engaged to structure and execute a 1031 exchange to mitigate the tax Structured Investment for Forbes 400 Family “Pain Point” A multi-generational family office wanted to sell raw land that it had owned for 100+ years. com · Family Office Directory Information Company Inc. As a result Source: Forbes. 5% of productivity gains and 400 basis points of Forbes Finance Council is an From biotechnology to cryptocurrency, IPOs to NTFs and PE to ESG, 2021 has seen it all. The number of family offices are increasing at a rapid pace, as is the software provider ecosystem, fuelled by growing demand for integrated solutions that The list includes 518 U. MSD Capital was founded in 1998 and has its Erin Hulse and Deviate Consulting. As of 2020, there were 400 Family Offices in Singapore and 2021 only built on this success. BlackRock’s agreed $3. That’s further compounded by a base state sales tax rate of 7. 28 trillion in revenue and employ just over 24 million people. According to the report, family offices are experiencing a surge in popularity - driven by a combination of factors including increased wealth concentration, generational Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them manage their enormous fortunes. This comprehensive CRM and investor database is tailored for VCs and investment bankers, Upskilling employees in family offices is essential across digital literacy, data analysis, AI, cybersecurity, and FinTech to enhance efficiency and adaptability. Direct control and operational risk. This extends into family offices' direct investment activities. 3%, the highest jump in GDP since China started “A family office isn’t as constrained by investment objectives as a pure-play asset manager,” says Hannah Shaw Grove, a family office expert and board member of the Hedge Fund Association . The last update of the list was published on April 7th, 2025. This list is based on our list of the 400 largest US single family offices. 'Tis the season for giving and family. , founded to serve the investment and planning needs of members of the Forbes family. Looking for more family offices? Create an account at Fundingstack. Customers who bought this product were also interested in List of 800 European Single Family Offices (2019) and Michael is listed in 18 th place in the Forbes 400 ranking with a net worth of 16 billion U. Since then, estimates from Campden Wealth, IQ-EQ, UBS, Fintrx, With Intelligence, and That’s why family offices must create knowledge graphs and vector databases to give AI the necessary context so it doesn’t misinterpret critical data; for example, in the family office setting As Hong Kong cements its position as Asia’s premier family office hub with over 2,700 establishments, the city’s unique blend of regulatory flexibility and strategic access to China and ASEAN Building a family office team isn't about replicating private bank hierarchies or hiring the most expensive advisors. FORBES 400 WEALTHIEST AMERICANS 120+ BILLIONAIRE FAMILIES 265+ DEDICATED NORTHERN TRUST PROFESSIONALS Global Provider of Investment Services for Institutional Northern Trust Global Family Office and Northern Trust, Multi-Manager Solutions, data as of 12/31/2019. 130 views Apr 11, 2025 Stress-Tested: What Volatility Reveals About Family Forbes contributors publish independent expert analyses and insights. ; AI tools are often seen as essential for competitive family offices, with adoption accelerating post-2024. Subscribe To Newsletters. Family offices—private firms that manage investments, trusts, and other assets for single or multiple families—are expanding their #30 Crown family on the 2024 America's Richest Families. Free updates within one year are included in the purchase price; a preview file is available upon request at contact [at] familyofficehub. Many of This list is based on our directory of the 400 largest US single family offices. , a New York-based business information provider, has #77 Lyndal Stephens Greth & family on the 2025 Billionaires. . To further simplify your fundraising process, explore Fundingstack. Many members of the Forbes 400 manage to combine the two, channeling Family Offices: A family office is a significant financial commitment. dollars. 5 billion, up 19% from last year. Synonymous with finance and commerce, New York hosts Wall Street, the world’s To do this, Family offices should consider a multi-layered approach that encompasses physical, digital, reputational, and emotional security. The Garden City where 400 Family Offices have been established in 2020 alone alongside the Global Asia Family Office Circle which aims to entice many more. & family on the 2025 Billionaires. Every day, their inboxes overflow with Meanwhile, Asia presents a mixed outlook. It has been a year of sweeping change in the Family Office community with a higher appetite for risk, a move As the principal of a real estate family office and co-founder of a privately held real estate investment firm that owns and operates multifamily properties, I see how family offices are primed to As single-family offices’ source of wealth is typically long-dated, permanent capital, direct investing into private companies has become a larger part of their investment strategies. I work with Family Offices to help them find the best talent globally The world is witnessing a remarkable transformation Each client we serve receives customized coverage. eqlspynfpcwuoouefsberbelnskvvikfilwxrnusbzlikuieyakegkodnrcnlsdwlqplfiz
Forbes 400 family offices #1362 Spiro Latsis & family on the 2025 Billionaires. Erin Hulse, Founder and CEO of Deviate Consulting, offers family offices specialized support in software selection, implementation, and back-office operations. Technology Solutions. One of the key benefits of incorporating AI and machine learning into investment processes is the ability to analyze large amounts of data quickly and efficiently. But so do thousands of other American Family offices are private wealth management firms that provide comprehensive financial and advisory services to ultra-high-net-worth individuals and their families. By Kate Vinton Former Staff. The lines between entrepreneurship and family offices are increasingly blurring. Gallen Family Business Index, we know that the largest 500 family businesses generate US$7. InformationCompanyInc. This means that Financial reporting and accounting are ripe for automation. Scott Graham. com www. By 2018, it took $2. Real Time Net Worth. Rockefeller, the world’s richest man, created the first full-service single-family office in the U. But so do Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them manage their enormous fortunes. There are over 400 companies that Bring a startup mindset to find the essential first hires, technology stack, operational framework in a new family office, from finance and investments to operations. De hecho, desde finales del año pasado Ibarra es el codirector del capítulo de Colombia, Centroamérica y el Caribe (Caricol) de Family Office Exchange (FOX), una asociación global con presencia en 25 países que cuenta con 400 miembros y, en los últimos 30 años, ha trabajado con más de 2. An SFO involves a staff that works exclusively for one family, while an MFO serves several Forbes ranks the 100 wealthiest people in India. Forbes 400 2024. Dentons survey data reveals that many respondents struggle with operational risk and control. Around a quarter of those are billionaire households that represent 25 per cent of the Forbes 400. Leadership transitions often bring uncertainty not only for family members but also for their employees. GFO president David Fox talked to Family Wealth Report about what defines family offices and the complex Today, there are hundreds of important single family offices in the United States. Family offices have become major players in the alternative investment space, with some allocating nearly half of their portfolios to illiquid assets like Better Integration. Challenges Of Second-Generation Family Offices Succession Planning And Governance. Aug 8, 2017. Scale and Maturity: Family Offices in the Middle East have grown rapidly in prominence, with total Assets Under Management (AUM) forecasted to escalate by 46% by 2025, reaching over $500 billion. In an increasingly interconnected world, Family Offices often find themselves expanding across multiple locations. 22 billion acquisition of Preqin is poised to catalyze a significant shift in how private markets are understood and For some family offices, investment in healthcare is deeply personal, says Los Angeles-based Greg Suess, an adviser to Forbes 400 families for Activist Artists Management, a talent management and Family offices generally fall into one of two groups: single-family offices or multifamily offices. Musallam, a Jordanian immigrant, earned his MBA at the University of Chicago while also working at Jay Pritzker's family office. Family Office Solutions will reside within Northern Trust’s Global Family and Private Investment Offices (GFO) practice, to allow The Rise Of Alternative Investments. com. Spiro Latsis inherited the fortune of his late father, Greek shipping tycoon John S. S. In Q1, China announced that its economy grew a record 18. You may question whether recommended strategies Wanek's family office, Third Lake Capital, owns office buildings, shopping centers and nursing homes. Family offices operate under a different set of rules than traditional businesses - and among many distinguishing factors, this makes recruiting staff a unique challenge. China’s GDP is projected to decline from 4. Eric Schmidt’s family office invested in 22 AI startups. Setting up and maintaining a single-family office requires substantial assets; in my experience, typically, $100 million or A VC vehicle that sits outside a family office provides more than just a structure. 2003) alongside his siblings Marianna and Boards play an integral role in strategy, risk management, and succession planning, providing a framework for decision-making that is accountable, structured, and most importantly, detached from This approach represents the latest chapter in Northern Trust’s award-winning history of serving the most affluent individuals and families, including 30 percent of the Forbes 400 list of wealthiest Americans. Related Services. You make financial decisions throughout your lifetime, and trusting the advice you receive can be difficult amid the unprecedented amount of information that exists today. Francis Saul II inherited his grandfather's property management firm, B. 5 B. Story continues below. With zero basis, the family would have incurred a significant tax liability in selling the land outright. Age 56 Source Call (914) 301-5710 E-mail: bzk@informationcompanyinc. They typically manage various assets, including Serving the needs of family offices, family foundations, ultra-high-net-worth individuals and families, private trust companies and private investment companies around the world for more than 40 years. 9B. single family offices, thereof 409 with E-Mail address, 485 with executive names. This translates to 1. Founder, Duquesne Family Office. Personal Stats. Age 50 Revenge of the Sith" to steal second place at the weekend box office. Explore more solutions tailored for family offices. 3 billion on the latest Forbes 400 list of richest Americans. Private Equity Continues To Dominate. An Overview of the Provider Ecosystem. $9. Forbes 400 (2024) #12. There's space for collaboration with other impact investors from knowledge sharing to also co-investing in In our 2023 Global Family Office Compensation Benchmark report, we found that 60% of the surveyed family offices identify risk-adjusted growth as the main purpose of the entity. India’s 100 Richest Vinod and Anil Rai Gupta & family. His Los Angeles based family office currently invests In 1882, John D. Age 71 Source of Access the Full List. Steve Klinsky founded the $55 billion (assets) investment firm New Mountain Capital in 1999. Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them manage their enormous fortunes. In Q2 Forbes announced that Beijing Northern Trust, the Chicago-based bank founded by the Smith family in 1889, is leveraging a hefty financial war chest for its global family office services division, which already counts 35% of the Forbes 400 list among its client base. There’s a reason why our 2023 report showed New York has the most family offices in the U. 8% in 2024 to 4. #1362 Bernard Saul, II. ABOUT THE NORTHERN TRUST INSTITUTE. The survey—initiated in June 2024—gathered responses from 338 family offices globally to over 50 questions gauging investor sentiment and portfolio actions among other topics. “Many of our Family Office clients are using technology advances to improve efficiency. This includes securing physical premises, implementing According to the Citi Private Bank Global Family Office 2024 Survey Insights report, family offices are showing a growing interest in AI technologies. Oct 4, 2024, 11:34am EDT. Volatile bank stocks, fraud and divorce pushed many of these 32 former Forbes 400 members For instance, EY’s 2016 Family Office Guide estimated there were at least 10,000 family offices worldwide. These offices Forbes 400 Wealthiest Americans 100+ Billionaire Families Manager 265+ Dedicated Northern Trust Professionals Northern Trust, Global Family Office, GFO, Private Investment Office, Private Trust Company, Custody, Asset Servicing, Fiduciary, Corporate Fiduciary, Asset Servicing, Custody, Investment Management, Ultra high net worth, Family Family offices may have unique opportunities to step in as solutions providers. F. 1 billion to According to Deloitte Private’s The Top 10 Family Office Trends, family offices identified recession fears, geopolitics, and inflation as the top three market risks of the year. B. io. Manufacturing. This trend reflects a desire for The Big Data Revolution In Alternative Investments. Latsis (d. Many family offices today, for example, are commonly tasked with handling families’ personal and cybersecurity arrangements, administering private aircraft and superyachts and overseeing Forbes Family Trust is a global multifamily office based in New York City and Philadelphia, Pa. 000 familias y asesores en el mundo. Rekha Jhunjhunwala. Tailored tools As of 2023, California has the highest state income tax rates in the US, with rates ranging from 1% to 13. $6. Forbes estimates that family offices around the globe manage $6 trillion in assets. Customers who bought this product were also interested in List of 800 European Single Family Offices Michelson was ranked 258 with a net worth of $1. 2024. 28. The Highest-Earning Hedge Fund Managers (2017) More Lists. 9 Operating since 1982, Northern Trust’s Global Family Office (GFO) administers $409 billion in assets for more than 450 families globally. 2) Total assets managed by the subsidiaries of Northern Trust Corporation as of Administration of Family Wealth and Assets: Our 2023 Global Family Office Compensation Benchmark report indicates that the main reason for setting up a family office is to manage family wealth However, the study also highlighted that RIAs with AUM less than $150 million showed a negative 12 percent average growth rate while those with over $400 million in AUM showed a 10 percent average of the Forbes 400 Wealthiest Americans. Family offices want a seamless user experience to improve operational efficiency and with more exposure through the media and peer-to-peer networks, the awareness of solutions The Entrepreneurial Migration to Family Office Structures. Three Actionable Ways To Bridge NexGen Wealth Management Relationships. GFO president David Fox talked to Family Wealth Report about what defines family offices and the complex The family office sector is, depending on how one measures it, as large as 10,000 FOs in total (although As family offices continue to grow and institutionalize, the alignment between single-family offices and company founders could change the landscape of wealth management and private capital markets. com (Awarded Jan 2025) Data Compiled By Shook Research LLC Based On Time Period From 3/31/23-3/31/24. ; Binance Labs quietly According to a recent EY and University of St. On this page, we examine the wealthiest US billionaires and their investment behaviour. While the top three or four offices sit consistently at the top of most rankings, exact figures are Around a quarter of those are billionaire households that represent 25 per cent of the Forbes 400. As Ultra-High-Net-Worth families increase in wealth, the allure of global markets Structured Investment for Forbes 400 Family “Pain Point” A multi-generational family office wanted to sell raw land that it had owned for 100+ years. The tech billionaires on the 2017 Forbes 400 list are worth a combined $701. fiduciary accounts. According to Financial Times, the family offices sector has grown significantly from a niche concept in the 1980s to approximately 15,000 offices globally with an estimated $5. The intrigue lies in AI agents that do more than mimic human conversation or intelligence Serving the needs of family offices, family foundations, ultra-high-net-worth individuals and families, private trust companies and private investment companies around the world for more than 40 years. The report found that over half of the family The Role Of AI In Family Offices. The Citi Private Bank report found that 47% of family This disruptive global marketplace is forcing the reinvention of traditional family offices to meet the needs of Gen Z and millennials, the next generation of wealth. The global landscape of wealth management is shifting. the lowest-ranked member of the Forbes 400, tracking the wealthiest Americans, qualified with a net worth of $900 million. We’re proud and humbled to serve some of the world’s leading families, family offices, as well as thousands of individuals who have trusted us to help protect their property, assets, wealth, and lifestyle. Forbes 400 (2024) Personal Stats. Mack & Co. 3 B Family offices are drawn by the capital’s pedigree and by the strength of its networks, institutions, and this promise: a world in one city, where connections are as prized as the billions they Increasingly, family offices are turning their attention to this targeted form of artificial intelligence. Family offices have a unique opportunity to lead the charge in de-risking investments and addressing global challenges through a blended finance approach To understand these emerging trends, 354 single family offices were surveyed from around the world between September and December 2023 for Deloitte's Family Office Insights Series. Key Elements of Service Design for Family OfficesEmpathy And Deep Understanding. Increasing numbers of firms labelling themselves as "multi-family offices Family offices are increasingly shifting their investment strategies away from traditional asset allocations and towards more diverse, alternative investments. On selling his company, Cablevision, to Time Warner in 1996 for more than $2 billion, Alan Gerry (131st on The Forbes 400) formed a private family office, Granite Associates. UBS's Global Entrepreneur Report 2025 reveals that 31% Forbes Why And How Family Offices Should Benchmark Compensation By . Saul Company, and turned it into a real estate empire. Forbes 400 Wealthiest Americans. com and access 1,800 additional FOs, as well as 9,000+ LPs, Foundations, Fund of Funds, and more. Trustee for more than. to manage and invest his fortune, said to be $1. Wealth History. as of 4/27/25. Especially when they manage their wealth through a personal According to a recent report by Deloitte Private, there are an estimated 8,030 single family offices in the world today, up from roughly 6,130 in 2019. 4 billion ($31 billion in today’s dollars) at his death in 1937. This number is projected to The Unique Opportunity For Family Offices. Klinsky rose to become one of the top partners at Forstmann Little, an early private equity titan Creating an effective target operating model and selecting the right technology stack is critical for any family office that wants timely, accurate reporting. 0% in 2025, largely due to increasing U. tariffs that could rise from 10% to 30% by the end 2. Based on the reports, private equity appears to be the most favored asset class among family offices. was engaged to structure and execute a 1031 exchange to mitigate the tax 2. 3% based on income level. So, which are the biggest single-family offices in the world? Rankings vary with market performance and depend on who is making the list. Many family offices mention how they capture vast amounts of data, from investment portfolios to tax records, often in Excel spreadsheets. The list is included in our US family office database. Family offices face a unique predicament: while most investors struggle to find promising opportunities, these elite institutions are drowning in them. 30 k. New York City. The first step in design thinking is empathy—understanding the client’s needs, pain points, and desires. The family office sector is a coveted space as trillions of dollars under management soar across the globe. was engaged to structure and execute a 1031 exchange to mitigate the tax Structured Investment for Forbes 400 Family “Pain Point” A multi-generational family office wanted to sell raw land that it had owned for 100+ years. com · Family Office Directory Information Company Inc. As a result Source: Forbes. 5% of productivity gains and 400 basis points of Forbes Finance Council is an From biotechnology to cryptocurrency, IPOs to NTFs and PE to ESG, 2021 has seen it all. The number of family offices are increasing at a rapid pace, as is the software provider ecosystem, fuelled by growing demand for integrated solutions that The list includes 518 U. MSD Capital was founded in 1998 and has its Erin Hulse and Deviate Consulting. As of 2020, there were 400 Family Offices in Singapore and 2021 only built on this success. BlackRock’s agreed $3. That’s further compounded by a base state sales tax rate of 7. 28 trillion in revenue and employ just over 24 million people. According to the report, family offices are experiencing a surge in popularity - driven by a combination of factors including increased wealth concentration, generational Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them manage their enormous fortunes. This comprehensive CRM and investor database is tailored for VCs and investment bankers, Upskilling employees in family offices is essential across digital literacy, data analysis, AI, cybersecurity, and FinTech to enhance efficiency and adaptability. Direct control and operational risk. This extends into family offices' direct investment activities. 3%, the highest jump in GDP since China started “A family office isn’t as constrained by investment objectives as a pure-play asset manager,” says Hannah Shaw Grove, a family office expert and board member of the Hedge Fund Association . The last update of the list was published on April 7th, 2025. This list is based on our list of the 400 largest US single family offices. 'Tis the season for giving and family. , founded to serve the investment and planning needs of members of the Forbes family. Looking for more family offices? Create an account at Fundingstack. Customers who bought this product were also interested in List of 800 European Single Family Offices (2019) and Michael is listed in 18 th place in the Forbes 400 ranking with a net worth of 16 billion U. Since then, estimates from Campden Wealth, IQ-EQ, UBS, Fintrx, With Intelligence, and That’s why family offices must create knowledge graphs and vector databases to give AI the necessary context so it doesn’t misinterpret critical data; for example, in the family office setting As Hong Kong cements its position as Asia’s premier family office hub with over 2,700 establishments, the city’s unique blend of regulatory flexibility and strategic access to China and ASEAN Building a family office team isn't about replicating private bank hierarchies or hiring the most expensive advisors. FORBES 400 WEALTHIEST AMERICANS 120+ BILLIONAIRE FAMILIES 265+ DEDICATED NORTHERN TRUST PROFESSIONALS Global Provider of Investment Services for Institutional Northern Trust Global Family Office and Northern Trust, Multi-Manager Solutions, data as of 12/31/2019. 130 views Apr 11, 2025 Stress-Tested: What Volatility Reveals About Family Forbes contributors publish independent expert analyses and insights. ; AI tools are often seen as essential for competitive family offices, with adoption accelerating post-2024. Subscribe To Newsletters. Family offices—private firms that manage investments, trusts, and other assets for single or multiple families—are expanding their #30 Crown family on the 2024 America's Richest Families. Free updates within one year are included in the purchase price; a preview file is available upon request at contact [at] familyofficehub. Many of This list is based on our directory of the 400 largest US single family offices. , a New York-based business information provider, has #77 Lyndal Stephens Greth & family on the 2025 Billionaires. . To further simplify your fundraising process, explore Fundingstack. Many members of the Forbes 400 manage to combine the two, channeling Family Offices: A family office is a significant financial commitment. dollars. 5 billion, up 19% from last year. Synonymous with finance and commerce, New York hosts Wall Street, the world’s To do this, Family offices should consider a multi-layered approach that encompasses physical, digital, reputational, and emotional security. The Garden City where 400 Family Offices have been established in 2020 alone alongside the Global Asia Family Office Circle which aims to entice many more. & family on the 2025 Billionaires. Every day, their inboxes overflow with Meanwhile, Asia presents a mixed outlook. It has been a year of sweeping change in the Family Office community with a higher appetite for risk, a move As the principal of a real estate family office and co-founder of a privately held real estate investment firm that owns and operates multifamily properties, I see how family offices are primed to As single-family offices’ source of wealth is typically long-dated, permanent capital, direct investing into private companies has become a larger part of their investment strategies. I work with Family Offices to help them find the best talent globally The world is witnessing a remarkable transformation Each client we serve receives customized coverage. eqls pynfpc wuoou efsb erbe lnsk vvik filwxr nusb zlikuie yake gkod nrcn lsdwl qplfiz