Families controlling the largest assets through family offices are growing rapidly. According to a report by the consulting company Deloitte, by 2030 it will increase by 73% and reach $9.5 trillion.
Today, family firms manage $5.5 trillion in assets and their influence continues to grow.
Interestingly, family offices are beginning to catch up with hedge funds in terms of asset size and strategic influence on financial markets. Their number will also increase significantly in the coming years, by a third, to 10,720 firms providing services to wealthy families. These investment structures are actively involved in major transactions and have even begun to act as activist investors, shaping market trends.
Amid the rapid growth of wealth, things don't always go smoothly. An example is the collapse of Archegos Capital Management, a fund owned by billionaire Bill Hwang, when the fund failed to fulfill its pledge obligations, resulting in $20 billion in losses. In recent years, the list of the world's richest families has changed significantly. In December 2023, the ruling dynasty of Abu Dhabi Al Nahyan first topped the Bloomberg ranking with a fortune of $305 billion, displacing the perennial leader - the Walton family, which owns Walmart.
It should be reminded that the law allowing foreign banks to open branches in Russia has come into force. The growth of Russians' salaries will lead to an acceleration of inflation.