The 20 largest family offices in the world

As family offices have expanded steadily across the globe over the past decade, their investment strategies have become more diversified, sophisticated, and globally active. This updated list ranks the 20 largest family offices in the world for 2024/2025, based on the latest verified assets under management (AUM) from multiple independent financial intelligence sources.

An aerial view of Manhattan New York City remains a key base for global family office operations and high-net-worth investment activity.

What you need to know

  • New York City, Palo Alto, and Washington State stand out as major hubs, collectively hosting several of the world’s largest family offices.
  • The top 20 allocate capital across real estate, technology, private equity, and philanthropy, influencing global markets.
  • Asia and the Middle East are seeing the fastest growth, driven by rising ultra-high-net-worth populations in countries such as India, Indonesia, the UAE, and Singapore.
Strategy Updated on August 18, 2025

Below is the latest ranking of the 20 largest family offices worldwide, with each entry showing assets under management (AUM) and headquarters location for clarity.

Top 20 largest family offices in the world

Global impact of the top 20

These top 20 family offices represent a significant share of private capital deployment worldwide. Their investment choices, philanthropic initiatives, and governance models continue to shape markets, influence policy, and set benchmarks for wealth stewardship across generations. As the balance of wealth shifts globally, their influence is likely to expand further — not only through financial investments, but also in shaping sustainable business practices and cross-border collaboration.

Rank Family Office AUM (Updated 2024/2025) Headquarters
1 Walton Enterprises $224.5 billion (Jan 2024) Bentonville, Arkansas, US
2 Cascade Investment $170 billion (Jan 2024) Kirkland, Washington, US
3 Bezos Expeditions $108 billion (Jan 2024) Mercer Island, Washington, US
4 Bayshore Global Management $100 billion (Jan 2024) Palo Alto, California, US
5 Mousse Partners $89 billion (Jan 2024) New York City, US
6 Ballmer Group $85 billion (Jan 2024) Bellevue, Washington, US
7 Waycrosse $65 billion (Jan 2024) Wayzata, Minnesota, US
8 Fedesa $55 billion (Jan 2024) Monaco, Europe
9 The Woodbridge Company $54 billion (Jan 2024) Toronto, ON, Canada
10 Pontegadea Inversiones $54 billion (Jan 2024) La Coruna, Spain, Europe

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