by Jacob Silverman · 9 Oct 2025 · 312pp · 103,645 words
code-base. Musk’s “war room” was staffed by venture capitalists David Sacks, Jason Calacanis, Sriram Krishnan, and Antonio Gracias, lawyer Alex Spiro, and Musk family office manager Jared Birchall. Musk also drafted numerous employees of the companies in his vast portfolio—supposedly as volunteers—but their identities were largely unknown. A
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that a number of law firms were subpoenaed. So were Andrew and James Musk, cousins of Elon. The Musk employees came from SpaceX, Musk’s family office, The Boring Company, and Tesla. In the case of SpaceX, Musk brought over 11 employees, mostly senior executives, including top people from finance, human resources
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names in tech financing to pour nearly a billion dollars into this quixotic project? Notably, they had invested their own money from personal fortunes and family offices, not their VC firms. “We’ve been working on this for seven years quietly, and so, it’s nice to be able to tell it
by Zoë Schiffer · 13 Feb 2024 · 343pp · 92,693 words
to see you win.” Musk didn’t seem to believe him. He’d talked it over with Jared Birchall, a wealth manager who ran his family office and acted as CEO of Musk’s brain-implant company, Neuralink, and told Calacanis that Birchall was suspicious of his motives. “Morgan Stanley and Jared
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the spirit of the old company values, doing what I thought was right,” Yue says. * * * — Later that evening, Jared Birchall, the manager of Musk’s family office, called Roth and asked him to reconsider his resignation. Roth declined. Birchall asked if Roth would talk to Musk, in an informal exit interview. When
by David G. W. Birch and Victoria Richardson · 28 Apr 2024 · 249pp · 74,201 words
to investors who hadn’t previously invested in digital assets wasn’t the hard part: the sticking point was closing the investment, which required the family offices and smaller investors that she was targeting to get their heads round the concept of private keys and the security measures necessary to manage them
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the company. While the HSM approach appeared foreign and fraught with risk management challenges, more established solutions like BitGo were too expensive and inaccessible for family offices. Hagège turned to multi-party computation: a cryptographic protocol that distributes a computation process across multiple parties, with no single party having access to the
by Richard Behar · 9 Jul 2024
Madoff feeder funds located outside the US—including Luxalpha. “They range from small German savers who lost three thousand euros to large, wealthy Paris-based family offices with tens of millions of losses,” he says. “But ninety-nine percent of them had no clue that someone in the Lipstick building was supposed
by Anupreeta Das · 12 Aug 2024 · 315pp · 115,894 words
or hospitals and research centers don’t know where to start. Philanthropic advisors and those who manage the investments of billionaires through private firms called family offices, say their industry has gotten much better at helping people understand how to do a better job of giving money away. They say they are
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the Rockefeller and Ford foundations, which had been preeminent in global philanthropy for decades and had long set the agenda. Michael Kurdziel, who works with family offices, as the private firms that invest the money of billionaires are known, said that the Gates Foundation had a big impact on how the wealthy
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S&P 500 stock index. Cascade is a type of firm that has become popular in the past couple of decades among wealthy individuals. Called family offices, such firms are unregulated entities that invest the fortunes of billionaires. Traditionally, many wealthy people used external wealth managers at banks and other firms to
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as wealth has grown, and new fortunes have been made, many billionaires have sought to create family offices to run their investments, and sometimes their philanthropy. Depending on the owner’s wealth and ambition, a family office can be a small affair with a handful of employees. Or it can be like Cascade, which
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, Cascade would be on any list of the industry’s top 100 firms given its size. Larson adopted a more conservative investment strategy popular with family offices, where the preservation of capital was paramount. Families don’t often want to take too many risks with their money, so they are willing to
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for its employees. Some 200 people manage his family’s homes, horse farms, meals, security, jets, travel, and lifestyle through a company called the Gates Family Office, formerly known as Watermark. Another 150 or so people are employed by Cascade. Gates Ventures, the billionaire’s private office and investment firm, has at
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by American artists, among them an 1885 oil painting by Winslow Homer that Gates bought for a reported $30 million. Watermark—now renamed the Gates Family Office—which for years managed the Gateses’ personal assets, has had on its payroll, at various points, project managers, financial planners, a coordinator for “gifting,” a
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, audio and video specialists, and even a professional to train people in business etiquette are or have been on staff. As of fall 2022, the family office also employed a professionally trained private chef with experience working on yachts, islands, and estates, practiced at all styles of cuisine and dietary preferences. Although
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the Gates Family Office no longer handles French Gates’s personal affairs, it was once in charge of managing her wardrobe, makeup, and hair, and styling her. The office
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an expert in rare books to catalog their collection, experts in “chemical-free” housekeeping, tennis, golf, boating, massage, yoga, meditation retreats, and riding golf. The family office is also the primary entity through which Gates holds interests in equestrian properties for Jennifer, who is a professional show jumper and doctor. The portfolio
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of the U.S. Dressage Festival for many years, and the equestrian grounds for Palm Beach. At one point, entities tied to Gates through the family office bought up properties on an entire street in Wellington totaling 16.5 acres to ensure privacy and security.13 Kalbfleisch, who worked with the estate
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, 3, 158–159 Gates, William Henry, Sr., 66, 98, 146, 261–262 see also William H. Gates Foundation Gates Center, 90 Gates family, 267 Gates Family Office, 221, 224–225, 268 Gates Foundation board of trustees, 238 campaign for Nobel Peace Prize, 103–105 and children’s vaccine fund, 96 executive meetings
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War Games (film), 51 Warren, Elizabeth, 258, 260 Washington Post, The, 74, 116, 154, 155, 161, 260, 273 Washington Post Company, 148 Watermark, see Gates Family Office Watermark Estate Management Services, 216 WealthQuotient, 270 Wealth-X, 16, 138–139, 270 Weinstein, Harvey, 237, 240 Weird Science (film), 51 Wellcome Trust, 128, 177
by Edwin Black · 30 Jun 2001 · 735pp · 214,791 words
. This section began its existence before 1933 as the Nazi Information Office. Ultimately, after numerous name changes, it became known as the Reichssippenamt, or Reich Family Office, endowed with the final authority to decide who was Jewish or Aryan.71 Lists were distributed, exchanged, and updated continously, often in a haphazard fashion
by Michael Gross · 1 Nov 2011 · 613pp · 200,826 words
end of Dolly’s life in great detail, her January 1987 visit to a glaucoma specialist that left her suicidal, her last visit to the family office that February, the hiring of round-the-clock nurses shortly afterwards, a March call to her lawyers from one of the chauffeurs saying Dolly wanted
by Elizabeth Ghaffari · 5 Dec 2011 · 493pp · 139,845 words
, and two “feline” children. My step-kids range in ages from twenty-two to thirty-two years old. My husband, Stewart Smith, manages investments—the family office—for his family. He is very involved in philanthropy and gives generously of his time, skill, and money. Ghaffari: Do you find it easy to
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such as venture capital funds, hedge funds, and distressed debt funds. Her firm specializes in marketing funds to private investors, including high-net-worth individuals, family offices, foundations, endowments, and independent financial advisors. Ms. Roden holds Series 7, 66, and 79 licenses to sell securities and provide investment advisory services. Previously, Ms
by Sheelah Kolhatkar · 7 Feb 2017 · 385pp · 118,901 words
. Cohen would still have close to $10 billion of his own money, however, which he would be allowed to trade and invest as a private family office. The government could not stop him from trading his own money. Until he was convicted, Cohen and his army of traders would still command respect
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between himself and the legal scandal. As required by the criminal settlement with his company, Cohen had closed SAC and turned it into a private family office that invested only his own money, close to $10 billion. It was important to him, that $10 billion figure. In April 2014, three months after
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hedge fund in the not-too-distant future, something that would likely be impossible if the SEC won its case. In the meantime, Cohen’s “family office” was earning him hundreds of millions of dollars a year. He was still trading billions, he was still buying art—eight years and every resource
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”: Juliet Chung and Jenny Strasburg, “Steven A. Cohen’s Point72 Asset Management to Create Advisory Board,” The Wall Street Journal, November 16, 2014. Cohen’s “family office” was earning him hundreds of millions of dollars a year: Matthew Goldstein, “Profit at Point72, Cohen’s New Firm, Outshines Many a Hedge Fund’s
by Clifton Hood · 1 Nov 2016 · 641pp · 182,927 words
. Starting with the innovation of the Standard Oil Trust in 1883, the Rockefellers have been adept at using organizations to achieve their ends, from the family office in Room 5600 of the RCA Building that handled their investments, to foundations like the Rockefeller Foundation and the Rockefeller Brothers’ Fund that have directed
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