Archegos and the $10trn world of family offices
As wealth becomes ever more concentrated, private fortunes are being managed in family offices. But people inside this rarefied world are realising the boom times of light oversight are behind them.
The super-rich face challenges that the rest of us do not have to consider.
Robin Wigglesworth, Laurence Fletcher and Katie Martin
Apr 6, 2021 – 12.15pm
Share
The super-rich face challenges that the rest of us do not have to consider: yacht maintenance, selecting the right fleet of private jets, finding boarding schools for their offspring. Thanks to their roughly $US6 trillion ($9.8 trillion) in combined family wealth, they have to worry about Bill Hwang, too.