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David G. Wilson: Breaking the third-generation curse

June 16, 2022

In an exclusive interview with Campden FB, David G. Wilson talks about growing up in the family that created the James Bond movie franchise and how he’s pushing things forward into gaming, Web3, the metaverse and beyond – cementing his reputation as an astute custodian of the family wealth.

As the 'shirtsleeves-to-shirtsleeves curse’ would have it, 70% of ultra-high net worth families lose their fortune by the second generation, while an astonishing 90% squander it by the third generation. That’s a lot of hard-earned inherited wealth misplaced due to poor preparedness and lack of vision.

FB ROUNDUP: Druckenmiller dumps Meta stock, Goldman Sachs opens family office, Australian multi-family office's game bonanza

February 16, 2022

In this week’s FB Roundup, billionaire investor Stanley Druckenmiller sells off his stock in Facebook owner Meta, Goldman Sachs creates a family office for senior employees and an Australian multi-family office sees a huge return on investment in Fortnite gaming company.

Stanley Druckenmiller dumps stake in Facebook parent Meta

The family office of billionaire investor Stanley Druckenmiller ditched a $35.9 million stake in Facebook parent Meta and revealed new investments worth $67 million in social media company Snap Inc. and nearly $100 million in oil corporation Chevron.

The share sale by the New York-based Duquesne Family Office suggests Meta’s shift in focus to the metaverse may not have represented a compelling case for Druckenmiller.

Matthew Salloway on venture capital, technology startups and investing across North America, the Middle East and Japan

May 14, 2021

Leading venture capitalist Matthew Salloway is on the hunt for innovative technology startups on behalf of his family office and fund and says the 5G economy is a 15 trillion-dollar economic opportunity.

Salloway is the chief executive of GSI Ventures, a top 50 Global Family Office, with a focus on venture capital and portfolio market expansion into the Middle East and North Africa region. He is also the co-founder and managing partner of SIP Global Partners, an international performance venture fund investing in global technology companies.

Genting Malaysia to launch 20th Century Fox theme park

December 18, 2013

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

Pressure mounts against planned Packer casino

November 12, 2013

Sri Lanka’s main opposition party has called for police to take legal action against James Packer, saying his family business, Crown Limited, doesn’t have the proper license to go ahead with its plans to build a $400 million (€335 million) casino in Colombo.

Harsha de Silva, a lawmaker for the United National Party, said police had been cracking down on small time casinos and should be applying the same law to big players like Packer.