Before you go in that direction, it’s wise to learn the lessons of the Lender Management court case from December 2017, which is one of the first on family offices.
The collective fortunes of China’s richest people grew by a staggering 65%, or US$177 billion (RM706.15 billion) last year, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people.
“There’s a benefit to being closer to the assets, to being the general partner and investor in an opportunity,” Nolte said. “That’s why Marcus Investments was created.”
A wave of young and entrepreneurial professionals are turning the country’s capital, Mexico City, into Latin America’s Silicon Valley.
Rubenstein hired a former money manager at MSD Partners, Brian Frank, to run Declaration Partners, Bloomberg writes.
Family Offices are setup with the primary objective of preserving the family fortunes and for other non-financial purposes like philanthropy, tax advising, or anything else that the family may need