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

  • Chanel is a money-printing machine

  • Hong Kong overtakes Switzerland as offshore wealth hub

  • SpaceX IPO to mint hundreds of billionaires

  • UBS Family Office Report 2026 is out

  • Do you become more private as you get wealthier?

  • Living Large: Itโ€™s the Monaco F1 Grand Prix weekend

๐• highlights

The SpaceX IPO will mint hundreds of new billionaires and centi-millionaires. More on the implications for family offices coming soon.

The mind blowing dividends paid to the family behind Chanel.

Compensation for client facing financial advisors in the US.

Hong Kong overtakes Switzerland as hub for global offshore wealth.

How Gen X and Millennials are changing family offices.

More on the largest family businesses in the US.

UBS latest on family office exposure to the US.

And Asiaโ€™s baby boomers succession failings.

reddit highlights

Do you become more private as you get wealthier?

in highlights

Family Office news roundup

Mango heir says weak knees led to fatherโ€™s fatal tumble. The son of Mango founder Isak Andic says his father's fatal fall during a hiking trip was likely caused by longstanding knee problems rather than risky behavior - WSJ

Latest UBS report suggests families should prepare for inheritance earlier. 56 per cent of those surveyed think that parents should discuss wealth earlier with their children to help them understand whatโ€™s involved - WealthBriefing

Ultra-wealthy only have 34% of their money in the stock market. Also from the latest UBS family office report, showing that stocks make up just 34% of portfolios, with huge allocations to private equity, real estate, private credit and other alts - Yahoo Finance

The best family office banking & investment advisers in 2026. A useful Europe-oriented ranking of the bankers, advisers and institutions serving ultra-wealthy families - Spear's

The shadow wealth portfolio. A look at the โ€œblind spotโ€ that many wealthy families and advisers overlook: assets that sit outside traditional portfolio reporting, from business interests and collectibles to carried interest and other non-financial assets - WealthBriefing

Living Large: the finer things in life

See you in Monaco this weekend! Itโ€™s the Formula 1 Monaco Grand Prix on Sunday and everyone whoโ€™s anyone will be there. More than just driverโ€™s titles and Valtteri Bottasโ€™ hairstyle, the weekend is one of the key social events on the annual calendar of the worldโ€™s wealthiest. If youโ€™re lucky you get to attend. If youโ€™re rich, you pay $300K to ensure you and your entourage have exclusive Paddock Passes, stay at the best hotel in town and get a VIP club table. More on that in this weekโ€™s Living Large newsletter.

ICYMI: last weekโ€™s newsletter highlighted a Beijing-based family office network with a growing global membership.

We have lots coming later this week. Until then, see you on ๐•, reddit or LinkedIn.

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