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April 25, 2023

Jefferson Sun, founder and CEO of Fargo Wealth Group, talks about how the past ten years have been a golden decade for Chinese entrepreneurs and what local governments are doing to help establish a raft of new family offices as a result.

Having seen a rise in demand for flexibility within a traditionally rigid banking system, Fargo Wealth Group was established to offer a wide range of expertise to ultra-high-net-worth (UHNW) individuals and families - from wealth management to asset management and family office services to FinTech innovation.

February 13, 2023

In this week’s FB Roundup, the Mills family open an investment firm after their Medline Industries sale; a Chinese man leaves billionaire adoptive family after reuniting with his multi-millionaire birth parents; and Joseph Lau sells dozens of Hermes bags in a Sotheby’s auction.

Mills family open investment firm after Medline Industries sale
The Mills family, the American billionaires who founded Medline Industries, are launching their own investment firm.

December 13, 2022

In this week’s FB Roundup, Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE; Hong Kong tycoon Jimmy Lai is jailed on a fraud charge; and Japanese billionaire Yusaku Maezawa picks his crew for SpaceX's flight to the moon.

Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE
Antoine Arnault, the eldest son of French billioaire Bernard Arnault, has been officially anointed as the chief executive officer of Christian Dior SE, the family owned holding company which operates luxury goods giant LVMH.

Antoine steps up as both CEO and vice-chairman, replacing Sidney Toledano, the former president of LVMH’s Fashion Group and chief of the Christian Dior Couture brand.

December 7, 2022

In this week’s FB Roundup, James Dyson expands his Weybourne family office; Mike Ashley’s Frasers Group serves Coventry City football club stadium an eviction notice; and Ivan Ko plans to revitalise an East London ‘ghost town’ development.

James Dyson expands his Weybourne family office
Billionaire British inventor Sir James Dyson has transferred almost £5 billion from his self-named company to fund his family office, Weybourne.

Sir James has moved funds from his global technology company to shape one of the “World’s biggest investment firms for the super-rich.”

September 15, 2022

Hong Kong and the successful families based there have long had a reputation for generous and charitable attitudes. For family offices with a philanthropic focus, the city state offers a wide variety of opportunities and incentives says Christine Ho, deputy global head of FamilyOfficeHK.

Hong Kong and the successful families based there have long had a reputation for generous and charitable attitudes. For family offices with a philanthropic focus, the city state offers a wide variety of opportunities and incentives. Campden FB talks to Christine Ho, deputy global head of FamilyOfficeHK, a dedicated body of the HKSAR  Government  on the subject of effective giving.
 

August 1, 2022

In this week’s FB Roundup, Bernie Ecclestone's daughter offers a $7.2 million reward for stolen jewellery; tech tycoon Jack Ma plans to transfer control of the fintech giant Ant Group; and Yang Huiyan, Asia's richest woman, loses half her wealth in China's property crisis.

Bernie Ecclestone's daughter offering $7.2 million reward for stolen jewellery
Tamara Ecclestone, the daughter of British billionaire and ex-Formula One boss Bernie Ecclestone, has made a public offer of up to $7.2 million for information leading to the recovery of jewellery worth more than $31 million.

July 20, 2022

Hong Kong’s low tax rates along with comprehensive infrastructure, little government interference and substantial available capital make it attractive to potential investors, including family offices, and thus competitive with other countries in the region, says Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.

On April 4, 2022, the Financial Services and Treasury Bureau (FSTB) submitted a paper for discussion to the Legislative Council Panel on Financial Affairs on the subject of Proposed Tax Concession for Family Offices. The objective of the proposed tax exemption is to provide tax certainty to ultra-high-net-worth individuals and their family members who hold assets via investment holding vehicles in order to attract family offices to set up and operate in Hong Kong.

June 27, 2022

In this week’s FB Roundup, EssilorLuxottica chairman Leonardo Del Vecchio passes away aged 87; Barry Hearn and son are set to receive a £150 million windfall from Matchroom Sport stake sale; and Henry Cheng's family office bids for control of clothing retailer Giordano.

EssilorLuxottica chairman Leonardo Del Vecchio passes away aged 87
Leonardo Del Vecchio, the chairman of spectacles maker EssilorLuxottica and owner of iconic sunglasses brand Ray-Ban, has died aged 87.

“EssilorLuxottica sadly announces today that its chairman has passed away,” the group said in a statement, adding that the board would meet soon to “Determine the next steps”.

June 17, 2022

With more ultra-high-net-worth families deciding to set up an Asian office, the choice of where to make a base is a vitally important one. Hong Kong has long since been a vibrant financial and cultural hub and is increasingly enticing UHNW individuals and families to set up in the city. 

With more ultra-high-net-worth (UHNW) families deciding to set up an Asian office, the choice of where to make a base is a vitally important one. Hong Kong has long since been a vibrant financial and cultural hub and is increasingly enticing UHNW individuals and families to set up in the city.

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