Family Office & Billionaire Report - Empowering Family Dynasties

The parents of these six stars made their massive fortunes in the oil, finance and tech industries, among others

What 355 American family offices told Bank of America about succession, governance, liquidity, private markets, fraud and the next generation, and what has changed in the market since they answered. Family offices exist to protect more than money.

October 20, 2026, 3:07 AM ET Google cofounder Larry Page speaks during the 2015 Fortune Global Forum in San Francisco. In just a couple of weeks, Californians will vote on ballot measure Prop 40—a highly debated measure that would require a one-time 5% tax on the state’s billionaires who lived there as of Jan. 1, 2026. While some billionaires like Nvidia CEO Jensen Huang are “perfectly fine” with the measure, others left the state ahead of the cutoff. One was Larry Page, the 53-year-old Google

October 20, 2026, 12:09 PM ET As billionaires flee the Golden State, the Nvidia cofounder says he’s happy to stay put and share the spoils of his success: “I am the ultimate American Dream.” California is home to dozens of entrepreneurs who have made billions off their companies. Now some are packing up and leaving as the coastal state weighs tax hikes against the rich, but Nvidia CEO and longtime California resident Jensen Huang is happy to pay his fair share. “I don’t mind paying taxes. The

October 21, 2026, 6:59 AM ET Ken Griffin, chief executive officer of Citadel Advisors LLC, during the Citadel Securities conference in New York, US, on Tuesday, Oct. 20, 2026. When President Trump told the world on “Liberation Day” last year that foreigners had “torn apart our once-beautiful American dream,” his plan to restore it promised “jobs and factories will come roaring back into our country.” Analysts and business moguls were dubious of the “America First” agenda. Coupled with sweeping

October 21, 2026, 3:01 AM ET Elon Musk said Tuesday that independent directors at Tesla and SpaceX have formed special committees to explore combining the two companies—a deal that, at current market values, would create a roughly $3.5 trillion giant. Musk said he can’t take part in the talks because he is a “conflicted party.” “This is definitely the kind of question where I feel like I’m tap dancing through a minefield,” Musk said on SpaceX’s third-quarter earnings call, adding that it would

October 19, 2026, 10:32 AM ET Despite questioning if money will even matter in the future, Elon Musk is giving every U.S. kid a slice of his SpaceX fortune. Elon Musk, the richest person in the world, said that he’ll give every U.S. kid a slice of his SpaceX fortune. And if he follows through on the promise, the entrepreneur would be shelling out over $10 billion to America’s children. “Next year, I will give one of my SpaceX shares to every kid in America,” Musk wrote in a recent X post. “This

The billionaire put up shares in Tesla, SpaceX and Paramount Skydance this year to borrow more from banks

For family offices and UHNW families: emerging-market strain, the private-market rebound, and the hidden wiring of Asia's AI boom. SOURCE S&P GLOBAL ESSENTIAL INTELLIGENCE Every Monday, a family office has to decide what deserves its attention this week.

A family office should begin with purpose and governance, not a label or a choice of jurisdiction. For Faizal Bhana, the central questions are what the family wants to achieve, who will make decisions and how wealth will be stewarded across generations. A dedicated office is not necessary for every family: the operating model, costs and use of external professionals should reflect the services actually required.

Speaking on the second panel at the Hubbis Wealth Planning & Structuring Forum – Dubai 2026, held on 7 October, Faizal Bhana, Managing Director and Head of Middle East, Africa and India at Bedell Cristin, explored the distinction between running a family office and structuring ownership. The more useful question is not simply where to establish an office, but what it should do, whose interests it should serve and how its decisions will stand up to changing family circumstances.

18% of Americans believe it’s immoral to be a billionaire. To understand why, just look at the billionaires people actually like.

What Nike Anani's book on multigenerational family business teaches about keeping a family, and its wealth, together across generations. Ranked by importance, written in plain language, and checked against today's data.