Family offices have grown significantly worldwide, particularly in the last decade. Several family offices in the United States have reached the highest bars of success thanks to the growing number of billionaires needing trustworthy, confidential financial advisement and philanthropic strategy. These are the top 20 family offices in the United States today.
- Bayshore Global Management
Bayshore Global Management is an investment company that helps other family offices get the most out of their wealth. With discretion and specialized skills from experts in philanthropy and former bankers, the company assists the growing number of billionaires in making the best decisions with their assets. Confidentiality is one of its strengths, exemplified by the company not even having a website.
The company began in Los Angeles in 2005, after Google had its first public offering. It opened another office in Singapore in 2020. Its headquarters are currently in Palo Alto, CA. It has grown to be a $30,100,000,000 company thanks to the investment of Google co-founder Sergey Brin with his ex-wife and 23andMe CEO, Anne Wojcicki.
Named after the father of geometry Euclid, the mission is to advance mathematics and science. The firm does so by providing financial management to James Simons, a hedge fund billionaire, and Marilyn Simons, whose foundation helps advance research in science and mathematics.
Since its founding in 2009, Ashvin Chhabra is now its President. His primary role is to manage investments for Marilyn Simons and James H. Simons and their respective foundations. The office is located in New York City and is worth $21,600,000,000.
Also located in New York, NY, Declaration Capital is a private investment firm. The mission is to be a strategic resource, value-added capital partner, and resource to other family-owned businesses.
It was founded in 2017 by David Rubenstein, a former lawyer, politician, and current billionaire. He is also co-founder of the Washington, D.C.-based company, The Carlyle Group. Rubenstein manages it directly, along with Brian Frank, Managing Partner. The firm has a value of $4,300,000,000.
Founded by Wall Street investor Raymond Debbane in 1985, the Invus Group is a private equity firm that invests in companies in early-stage growth. It is typically the sole financial partner for investments, holding majority or minority stakes in client companies.
Debbane still acts as the President and CEO. He was once a former manager at The Boston Consulting Group in Paris. Invus Group’s offices are in New York City, Paris, and Hong Kong. The value of the company is $7,600,000,000.
In 1972, Johnson & Johnson CEO Robert Wood Johnson II bequeathed shares from his company to begin the Robert Wood Johnson Foundation. The company is now the wealthiest foundation focused only on health-related topics in America.
The goal is to combat health barriers caused by racism. By increasing leadership and training in healthcare, expanding access to medical care, improving public health, and improving health equity, the Robert Wood Johnson Foundation invests in corporate responsibility. Each of these is inspired by dismantling the obstacles to health based on systems of discrimination.
Since 2017, the Robert Wood Johnson Foundation manager has been Richard E. Besser, a physician who has worked for the Centers for Disease Control and Prevention and the Agency for Toxic Substances and Disease Registry.
Now, the Princeton, NJ-based company is worth $11,911,586,000.