FAMILY OFFICE BUZZ
A weekly collection of family office news and highlights. Included this week:
Living like a billionaire is more expensive than ever
Can AI bring family office services to everyone?
Family office digital transformation
How do families adapt to a world that demands transparency?
MFO vs SFO, pros and cons
𝕏 highlights
Can AI bring family office services to everyone? I will dig deeper on this in the new year.
Startups love family office investors.
How about a $100k finders fee when you’re still in business school?
French family offices are investing in tech startups… this mirrors a global trend.
And because it’s the end of the year.
in LinkedIn highlights
SFOs vs MFOs, the pros and cons.
How do families adapt to a world that increasingly demands transparency?
Family offices and digital transformation.
📰 family office news roundup
How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion. The Great Wealth Transfer is reshaping family office strategies as millennials and Gen X prioritize sustainability, innovation, and societal impact in their investments. This shift marks a departure from traditional, passive approaches, with younger heirs driving direct investments in sectors like climate tech, edtech, and renewable energy, aligning profit with purpose - CNBC
Hong Kong may see 43% jump in family offices in 2025. Hong Kong is poised for a 43% surge in family offices by 2025, driven by government initiatives like the New Capital Investment Entrant Scheme, which offers residency for a minimum investment of HK$30 million. With its stable investment climate and strategic financial connectivity, including access to Mainland markets via Stock and Bond Connect, Hong Kong continues to attract wealthy global investors. - Asia Asset Management
Growing influence of family offices in India. The country has experienced a significant rise in family offices, increasing from 45 in 2018 to over 300 by 2024, as ultra-high-net-worth individuals seek structured wealth management and succession planning. These family offices are playing a pivotal role in funding and mentoring startups, with over 40% doubling their allocation to private markets in the past five years, thereby propelling the Indian startup ecosystem - CNBC
Living Like A Billionaire Is More Expensive Than Ever. The cost of luxury living has risen by 4.7% in 2024, according to Forbes' Cost of Living Extremely Well Index (CLEWI), outpacing the general Consumer Price Index's 2.7% increase. This trend reflects higher expenses for items like Gucci loafers, sailing yachts, and spa retreats, making the billionaire lifestyle more expensive than ever - Forbes
Billionaires in 2024: Political profits, luxury losses and a sporting rollercoaster. In 2024, billionaires experienced varied fortunes: some benefited from political developments, while others faced declines in luxury markets and challenges in sports investments - Spears
That’s it for 2024. Wishing you all a Happy New Year and here’s to a magnificently successful 2025! 🎉
Friday’s newsletter: The Ultimate 2025 Family Office Calendar.
From the best family office conferences to essential social events.
»»» Hit reply - let me know the unmissable events for your family office!
Until then, see you on 𝕏 or LinkedIn.
in LinkedIn
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