Top 15 largest family offices in the world
Whether they are investing in impact, private equity, real estate or engaging in philanthropy, these are the 15 largest family offices on the top of their game.
1. Walton Enterprises
Located in Arkansas, USA, Walton Enterprises is the single family office of the Walton Family. Established by the late Sam Walton, the founder of Walmart, it manages around $169 billion in assets. Supporting the business, personal, and philanthropic activities for multiple generations of the family, Walton Enterprises focuses its investments on diversity, equity, inclusion and belonging.
2. Bezos Expeditions
The single family office of Jeff Bezos, who founded Amazon in 1994, operates the largest e-commerce and cloud services and simultaneously is the largest internet company by revenue in the world. Based in Washington, USA, the firm manages Bezos’s personal wealth (well over $100 billion) and his investments and invests in early-stage ventures, late-stage ventures, as well as seed-stage companies.
3. Cascade Investment
Cascade Investment is the multi-family office of Bill Gates, the founder of Microsoft (1975). Headquartered in Kirkland, USA, with offices in 14 locations all over the world, the firm invests in industries, such as gas extraction, agriculture, and financial market sectors. Cascade Investment manages wealth amassing to $51 billion.
4. MSD Capital
The single family office of Michael Dell, who founded Dell Technologies in 1984, is one of the world’s largest computer technology companies with more than $91 billion in revenue. Located in New York, USA, the firm manages Michael and his family’s capital and investments with a total of $31 billion in assets.
5. Bayshore Global Management
Bayshore Global Management is the single family office of Sergey Brin, one of the co-founders of Google. Founded in 2006 with headquarters in California, USA, the firm is focused on the investments and $30 billion wealth of Brin’s family. Not a lot is known about Brin’s family office, including their investments, as Bayshore Global Management does not have a website.
6. Emerson Collective
This is the family office of Laurene Powell Jobs, wife of the late Steve Jobs, the founder of Apple. The single family office is a for-profit organisation that operates as a social change organisation focusing on philanthropic and impact investment solutions to drive change in society. Located in California, USA, Emerson Collective manages $28 billion in assets.
7. Willett Advisors
Willett Advisors is the single family office of Michael Bloomberg, co-founder of Bloomberg and the former mayor of New York City, where the office is also located. The firm manages his personal and philanthropic assets of $25 billion; and invests in public equity markets, as well as assets, such as oil and natural gas.
8. Euclidean Capital
Euclidean Capital is a single family office of hedge fund billionaire, Dr James Simon who is also the founder of Renaissance Technologies. Located in New York, USA, the firm provides financial guidance and asset management services. Total assets under management: $21 billion.
9. Vulcan Inc
Managing an amount of $16 billion, Vulcan Inc is the late Paul Allen’s single family office. Allen was the co-founder of Microsoft, and Vulcan manages his wealth as well as his sister, Jody Allen. Located in Washington, USA, the firm manages the business, investments, and philanthropic investments and assets of Jody Allen. Vulcan Inc invests in both early- and late-stage ventures, private equity, and seed.
KIRKBI is the family office of Kirk Kristiansen, the Danish family that founded Lego. The family office is a private holding and investment company which is focused on building a sustainable future for the family ownership of the LEGO brand for its future generations. This single family office manages around $16 billion in assets.
11. Yoovidhya Family Office
This is the single family office that manages the wealth of the Yoovidhya family who were named the richest Asian family in 2017. The fortunes of the Yoovidhya family can be traced back to the business tycoon Chaleo, who founded the Red Bull brand in 1987. The family office is headquartered in Bangkok, Thailand and has over $13 billion worth of assets under its management.
12. Stetson Family Office
The Stetson family traces its fortunes back to Eugene W. Stetson, of the Guaranty Trust Company of New York who organized the IPO of the Coca-Cola company and ran the Illinois Central at Averill Harriman’s request. He established the Stetson family office in New York City in 1919 which currently has a total of $11 billion in assets under management. The family office is currently focused on philanthropic ventures through two foundations – Essentials in Education and Healthcare Impact Foundation.
13. Storonsky Family Office
This single family office oversees the wealth of Nik Storonsky, the founder of Revolut. It was established in 2021 and is currently headquartered in London. The family office has over $7 billion in assets under management.
14. Pritzker Vlock Family Office (PVFO)
Founded by Karen Pritzker and managed by Elon Blooms, PVLO manages a diverse portfolio worth over $4.5 billion in assets. Headquartered in New Haven, US, the family office invests aggressively in the emerging biotech and medical sector, consumer technology startups, and real estate.
15. Cherng Family Trust Office
This single family office with over $3 billion in assets under management caters to the wealth management needs of the founders of Panda Express – Andrew, and Peggy Cherng. Founded in 2005 in Los Angeles, California, the Cherng Family Office focuses on real estate, direct private equity and venture capital investments across multiple industries.