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Family business

Yesterday

Family Offices, including in Singapore, are on the rise.

The hidden dangers of booming family offices

Private wealth management companies for the super-rich now manage trillions of dollars globally. Critics say they are open to abuse.

This Month

Victoria Denholm, Wollemi Capital Group.

Meet the women controlling the wealth of Australia’s richest families

Family offices in Australia have traditionally been run by men but as wealth shifts to the next generation and tech fortunes change the game, more women are taking the reins.

February

The number of family offices, investment vehicles for the wealthy, is increasing.

What family offices are investing in

This booming sector likes to keep a low profile. But its secrets aren’t always far from the surface.

January

Pratt’s granddaughter married in lavish Raheen wedding

The lavish garden wedding at the Pratt family mansion took place on the same day another branch of the clan were fighting it out over the $23 billion family empire.

An El Jannah outlet in Melbourne’s north-eastern suburb of Preston. The company now has 35 stores.

Owners of cult charcoal chicken chain El Jannah flirt with a sale

The Estephan family founded the business in 1998, growing it from one store into dozens around the country. Their CEO has sounded out prospective buyers.

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November 2024

Owen Hereford is determined to raise his three daughters Grace, Elizabeth and Bella without a sense of entitlement.

Signs you’re raising entitled brats (and how to avoid it)

Keeping children grounded and helping them understand the value of money is a perennial problem for wealthy parents. This dad reckons he has the answers.

October 2024

Elon Musk with his partner, Grimes, the mother of three of his children.

Three mansions, three mothers: Elon Musk’s secret family compound

As the billionaire warns of population collapse and the moral obligation to have children, he’s navigating his own complicated family, which includes 11 children.

September 2024

Andrew Hagger and Guy Debelle in new advisory firm for the ultra rich

The startup, Famille Capital, has been quietly building up a team over the past year.

Family trust: Inside the Pratts’ legal soap opera

Richard Pratt carefully designed a succession plan for his three children, Anthony, Heloise and Fiona. But even the best-laid plans can wind up in court.

August 2024

Anthony Pratt at the 2024 Met Gala in New York. He and his sisters argue their half-sister’s claim to the family’s $23 billion empire should be dismissed.

Anthony Pratt a witness to father’s love for half-sister: court claim

Billionaire Anthony Pratt and his sisters were witness to the “bonds of love and affection” between their late father and his “love child” Paula Hitchcock, claim new court documents.

June 2024

AFR

Nine tips for creating a successful family dynasty

Most dreams of creating a family dynasty are dashed within decades but a solid succession plan can save money and grief.

May 2024

Rod Jones

Perth’s $150m club is among highest in the world

Perth, with a population of more than 2 million, has 64 centi-millionaires. That places it among the richest cities in the world by that measure.

March 2024

Family offices do asset allocation very well, Josh Derrington says.

Inside the Queensland family office making 15pc

Meet a mango farmer managing billions who will back anything except private equity.

February 2024

Francisco Widjojo is the head of his family office Arkblu Capital, an example of the younger generation of family offices.

Wealthy families are trying something new – ditching the secrecy

There’s a new breed of private investment vehicle for the super rich. And they’re less interested in managing money out of view than making more of it.

Beware the hidden dangers of verbal promises when it comes to inheritance.

The inheritance promise that will rip your family apart

Small businesses and farms are potential battlegrounds where future generations dispute verbal agreements about who gets what.

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November 2023

Clark Kirby: “It was great newspaper fodder at that time because we’re an entertainment company.”

‘It was great newspaper fodder’: Village Roadshow CEO on family bust-up

A family feud threatened to break their hold on the entertainment industry. But the Kirbys are staging an unlikely comeback, albeit with a smaller piece of their empire.

September 2023

Eighty-eight per cent of wealthy families surveyed said it was possible to give children too much money.

Why Australia’s wealthy hide their true riches from friends and family

But one Rich Lister warns not talking openly about wealth can end badly for relatives left behind. 

August 2023

Mackay Farming Group includes nine farms spanning almost 5,900ha

Going bananas: Australia’s biggest grower up for sale for $180m

The offering of Mackay Farming Group comprises nine farms in Tully and Lakewood that produce 13 per cent of the nation’s banana crop.

June 2023

Vitex’s founding family said they would explore an IPO back in 2017.

Vitamin maker Vitex flaunts $50m-a-year earnings, MacCap revives talks

It’s round two in family-owned vitamin manufacturer Vitex’s attempts to pin down a private equity investor.

May 2023

The family owners of Pension Grimus (large building, lower right) at Mt Buller acquired the adjoining vacant lot (marked) for $1,375,000.

Grollo gives ‘family discount’ on key Mt Buller lot

In a tight-knit mountain community, the purchase of an alpine piece of land breathes new life into the much-loved Grimus family hospitality business.

Original URL: https://www.afr.com/topic/family-business-hnc