
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: Itโs 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.
reddit highlights
Do you become more private as you get wealthier?

in highlights
The UBS Global Family Office Report 2026 is here.
Key part here is โData and quality data become the moatโ.
Jurisdiction influences far more than taxes.
Family Office news roundup
Mango heir says weak knees led to fatherโs 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 whatโs 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 โblind 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! Itโs the Formula 1 Monaco Grand Prix on Sunday and everyone whoโs anyone will be there. More than just driverโs titles and Valtteri Bottasโ hairstyle, the weekend is one of the key social events on the annual calendar of the worldโs wealthiest. If youโre lucky you get to attend. If youโre 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 weekโs Living Large newsletter.

ICYMI: last weekโs newsletter highlighted a Beijing-based family office network with a growing global membership.
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