We recently started a blog series discussing some of the top family offices in the world today. In part one, we highlighted five distinguished companies that have achieved significant milestones in their industries, which have solidified them as industry giants. They were Bayshore Global Management, Euclidean Capital, Declaration Capital, Invus Group, and the Robert Wood Johnson Foundation. You can find more information about these companies here.
In this part, we cover some more of the world’s most notable family offices.
15. Cherng Family Trust Office
Cherng Family Trust is a California-based single-family office investment firm that was founded by Andrew and Peggy Cherng, the founders of Panda Express. They provide direct private equity and venture capital investments across multiple industries, and also actively invest in real estate efforts. Cherng Family Trust is currently worth $3,100,000,000.
A family-owned holding and investment company, KIRKBI is owned by the Kirk Kristiansen family, who are also the founders of LEGO. One person in every generation is purposed to take over as the most active owner. In 2016, Thomas Kirk Kristiansen, who is part of the 4th generation, joined the Board of Directors of LEGO and will become Chairman of the Board of KIRBI this year. The family office is primarily focused on creating a sustainable future for the LEGO brand for the future Kristiansen generations. Today, they manage around $20,878,700,000 in assets.
13. Emerson Collective
Emerson Collective was founded by Laurene Powell Jobs, the wife of the late Steve Jobs, who founded Apple. They are a for-profit organization that brings together entrepreneurs, community leaders, and academics to develop solutions for social impact. Emerson Collective focuses on philanthropy, art, convening, and venture investment solutions to create lasting global change. They are located in Palo Alto, California and are worth over $28,000,000,000.
12. MSD Capital
Headquartered in New York, with offices located in West Palm Beach and Santa Monica, MSD Capital was founded in 1998 by Michael Dell. Dell is also the founder of Dell Technologies. MSD Capital is a private investment firm that exclusively manages the assets of Michael Dell and his family, which most recently accounts for over $31,000,000,000.
11. Storonsky Family Office
Storonsky Family Office was founded to manage the wealth of Nik Storonsky, who is the founder of Revolut. The firm was founded in 2021 and is headquartered in London. They currently oversee over $7,000,000,000 in assets.
10. Willett Advisors
Willett Advisors is the single-family office created to manage the philanthropic assets of Michael Bloomberg, former mayor of New York City and co-founder of Bloomberg. The organization’s main objective is to build a diverse investment portfolio, including investing in assets like natural gas and oil, that can achieve long-term capital appreciation. Michael Bloomberg’s philanthropic assets have surpassed $25,000,000,000.
In part three of our series, we will highlight more of the world’s top family offices.