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The Rise and Rise of Family Offices

Creating, managing and administering large amounts of wealth comes with its own set of challenges. Horizons: Family Office & Investor Magazine aims to offer a 360 degree perspective on all relevant themes around family offices, wealth management, investments, operations, and governance.

10,000+ family offices and $7.67 trillion of private wealth

Taking the growth numbers of billionaires as a proxy, the explosion of private wealth is unabated and unprecedented. The Hurun Rich List counted 647 US$-Billionaires in Mainland China, and Forbes lists 565 in the US (up from 42 in 1987). Forbes also said the 233-person increase in their count of global billionaires from 2016 to 2017 was the highest jump in the 31 years it has been compiling this list. The total net worth of billionaires increased 18% to $7.67 trillion, which is higher than the GDP in more than 60 countries. And the boom isn’t over yet. 2016 estimates put the number of family offices globally at over 10,000. Over the next ten to twenty years China alone will produce more single and multi family offices than the rest of the world combined.

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Matthias Knab