Family office insights this week:

  • Obscene wealth displays, of all types

  • Howard Marks on AI

  • How a micro-investing app evolved into family financial planning

  • Where the billionaires live

  • What stops people becoming rich

The Most Obscene Displays of Wealth

What’s the most obscene display of wealth you’ve seen?

That’s the question we asked on X recently, and the answers didn’t disappoint. From the materialistic, to the funny, to the downright cynical

Luxury has always been part of the family office world (highlighted in the Living Large section of Family Office Buzz every week). Luxury is also a by-product of liquidity, optionality, and time freedom.

But recent family office research shows a clear tension: wealth creators want to enjoy the upside of success, while family offices are more aware of excess, drift, and the effect of unchecked spending on long-term stewardship.

The UBS Global Family Office Report 2025 notes that while UHNW consumption remains resilient, more than half of family offices cite “lifestyle inflation and intergenerational expectations” as a growing governance risk.

Similarly, Campden Wealth’s North America Family Office Report 2025 highlights a renewed focus on spending frameworks, with many families introducing explicit policies around private aviation, trophy assets, and luxury real estate to avoid what one CIO described as “death by a thousand indulgences.”

This isn’t quite austerity. In fact, Bank of America’s 2025 Family Office Study shows that next-generation principals still value luxury. But they want it to feel intentional, experiential, and aligned with identity, rather than performative.

Which brings us to the internet’s favorite spectator sport: watching how the ultra-rich actually spend their money.

From jaw-dropping displays of excess and spending so absurd it borders on art, to moments that are genuinely funny, the tweets capture the full spectrum.

Not how family offices say wealth should be used, but how it sometimes is.

Materialistic
First up, the extravagant purchases of luxury items, properties, or possessions that are all about status and opulence over practicality.

Stupid spending
And then there’s the stupid: the wasteful, the frivolous, the unnecessary.

  • The Yale student whose dad flew her dog via Gulfstream from California for a short visit before flying it back.

  • A billionaire tearing down and rebuilding his garage because he disliked its orientation after completion.

  • A tech CEO buying the neighboring mansion solely for its clay tennis court.

  • A family flying an empty G550 jet five hours round trip to pick up a $20k antique gun.

  • A billionaire having new mattresses delivered to every hotel he stays in for personal use.

Tongue in cheek
X delivers up the flippant and funny too. Not serious, but worth sharing.

  • Ordering double guacamole at Chipotle, both in the burrito and on the side for chips.

  • Filling up a gas tank until it automatically clicks off without stopping at a round number.

  • Driving with the windows down while blasting the AC on high.

  • Buying the wrong burger at Carl's Jr., throwing it away, and immediately reordering the right one.

  • Tearing off three sheets of paper towels just to dry hands.

Cynical
As always, there’s the cynical. Responses critiquing wealth used for power, influence, or unethical purposes, like buying platforms or elections.

  • Elon Musk spending $44 billion to buy Twitter and turn it into a personal echo chamber.

  • Buying an entire national election and party primaries.

  • Funding both sides of global conflicts while printing money to cover costs.

  • OpenAI claiming they can't succeed without stealing intellectual property.

  • A billionaire buying Twitter to boost politics and suppress opposing views.

Real value of wealth
And the final category gets philosophical. The tweets emphasizing non-material riches like family, relationships, and meaningful time over possessions.

  • A dad coming home to warm hugs from his family, coffee ready, and playing at the park with his kids.

  • A manager prioritizing family dinners and never missing his daughter's skating practice.

  • Having multiple healthy, thriving children making a positive difference in life.

  • A happy marriage and well-adjusted kids in a successful family.

  • A wealthy family throwing a lavish holiday party for employees, with polite, low-key kids mingling humbly.

Wealth should buy optionality.

Sometimes it buys a Bugatti on a yacht. Sometimes it buys double guac. And sometimes it buys the one thing money can’t replace: time.

𝕏 highlights

Family offices are struggling with recruitment and retention.

Latest KPMG data on US family offices.

Are we seeing a new era of philanthropy?

This got a lot of people talking… what stops people from becoming rich?

Partner with us in 2026

With +10K subscribers, a 62% open rate, and +81M annual impressions across social media, we have a highly engaged audience.

If you work with family offices or UHNWIs, discover how we can help you connect with them.

What to read

Is it a Bubble? It’s not a book this week, but the latest memo from Howard Marks. AI may be transformative, but outcomes and valuations remain highly uncertain. Today’s enthusiasm echoes past bubbles, but Marks argues that the comparisons are imperfect.

This will be a major theme for 2026!

What to listen to

In this Investopedia Express podcast, Acorns CEO Noah Kerner discusses how the micro-investing app has evolved into a family financial planning tool and its mission to increase financial literacy for families and kids.

What to watch

Sticking to the theme of obscene wealth, here’s where billionaires are living in 2025.

And finally…

Next week will be the last Friday newsletter of the year.

We’ll look back at some of the highs of 2025 and look forward to what 2026 has in store. There are exciting times ahead!

We’ll be back on Monday with the week’s best family office content in the Buzz and the last Buzz of 2025 will look at the most popular stories of the year.

For now, I hope there’s more family time than year-end firefighting.

Here’s to the weekend, friends!

X

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