A weekly collection of news and highlights. Included this week:
Inside Oprah Winfrey’s $3.1B family office
The ‘McBillionaires’ that got their start at fast-food chains
One of world’s largest Multi-Family Offices acquired
A centuries-old Japanese rule book to support succession
First-generation family office mistakes
Living large: the rise of Miami super-compounds
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Nine notable family office reports you can download right now.
Why art can be more than a passion asset for family offices.
Family Office news roundup
Inside Oprah’s $3.1B Family Office. Oprah Winfrey built OW Management in 2010 to professionalize her fortune after decades of media success. The office runs a global, diversified portfolio with a special focus on women-led ventures – 36Kr Europe
Family charters can help clans preserve their wealth across generations. A centuries-old Japanese rule book shows how modern families are rethinking succession to protect legacy and harmony. Charters can navigate subtle and deeply felt family dynamics while underpinning values around which families can rally - Financial Times
Family offices at crossroads. Family offices can offer so much more than just money management; it's about legacy, relationships, and vision. But the challenges of transition are often around psychology and relationships rather than money – Yahoo Finance
Family Business to Family Office: Why US Wealth Is Looking East. US-based family offices are looking east: thanks to booming regional wealth, tax perks, advanced private banking, and a buzzing fintech and AI scene, Dubai continues to emerge as a go-to hub for global family offices – WealthBriefing
8 Mistakes First-Generation Family Offices Make (And How To Avoid Them). First-time family offices can stumble by staying too concentrated in legacy assets, rushing hires, neglecting tax and governance, or ignoring the next generation. The fixes are simple but vital: set structure early, diversify, plan taxes, build slowly, educate heirs, and keep liquidity handy – Forbes
Chanel owners lean on 38-year-old heir to safeguard $90 billion empire. The Wertheimer dynasty is quietly grooming Arthur Heilbronn (Harvard grad, ex-Goldman banker, and son of Mousse’s founder) to help steer their secretive $90bn fortune - Fashion Network
Living Large: the finer things in life
Forget mansions… how about a compound? The rise of super-compounds in Miami reflects how scarcity of land combined with soaring demand has motivated the super wealthy to stitch together properties as “part status symbol, part lifestyle upgrade, and part investment strategy” - Robb Report
Last week’s newsletter covered an essential task for family offices - finding the right advisors. Read it here if you missed it.
Friday’s newsletter: Survival of the richest: wealthy bolt holes and bunkers. Don’t miss it, it’s going to be a gem!
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