Family Office & UHNW - Empowering Family Dynasties

Expecting the unexpected is the only constant in investing, David Booth says. Focus on long-term factors you can control to get the returns you want.

In total, 233 American billionaires didn't make the list of the 400 richest. One of the former members of the 400 richest list who failed to make the cut is the WWE's Vince McMahon. His net worth of $1.6 billion was not good enough to make the $2.1 billion cut off.

In total, 233 American billionaires didn't make the list of the 400 richest. One of the former members of the 400 richest list who failed to make the cut is casino billionaire Elaine Wynn. She just barely missed the cutoff of $2.1 billion, with her net worth of $2 billion.

Harvard Business School researchers studied 4,000 millionaires. They found that if you want you and your heirs to be happier, you should give your money away and let them make it on their own.

Zhong Shanshan’s net worth reached $58.7bn thanks to his water and vaccine firms.

Cuban's idea doesn't have an income threshold and families would have to spend the federal cash within 10 days.

From the Ambanis to the descendants of the man who accidentally invented oyster sauce, some of the richest families in Asia inherited their wealth.

The acquisition of the $2.8 billion London-based multifamily office Sandaire by the $645 billion global investment manager Schroders could signal a new phase of consolidation in the world’s $5.9 trillion family office space in an uncertain era of rising costs and coronavirus, geopolitical and technological disruption.

Lawrence Welk parlayed being an accordion player from North Dakota into a television and real estate career that made him at least $150 million by the time he died. Adjusted for inflation, that would be equal to $277 million today. He was the richest celebrity of his time.

A number of high-profile, former members of the 400 richest are no longer on that list. One of them is Tyson Foods Chairman John Tyson, who saw his net worth fall as a result of Covid-19 breakouts in the Tyson Foods meat processing plants.

Nicolay Albrecht is alleging in court that his mother, Babette, three of his three sisters, and their attorney, have been drawing from one of the family trust funds to the tune of millions of dollars in an improper fashion.

China’s financial regulators have instructed banks to pull credit lines meant to finance the HK$2.5 billion ($323 million) sale of a Chengdu property by CK Asset Holdings Ltd., according to people familiar with the matter.

A pandemic hasn’t stopped many of the world’s wealthiest dynasties adding to their fortunes.