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Family offices in generational wealth transition
The concept of the family office dates back to the Medici family, which was a powerful banking dynasty that rose to prominence in Renaissance Florence, Italy, starting in the early 15th century.
Over the next few weeks, I want to explore the creation of dynasties. No, not the “Hustler-turned-tenderpreneur-turned-Runda rich but legacy poor” types of dynasties.
I want to explore the real family dynasty that emerges when hard-working individuals put their backs into it, start businesses that have both legitimate employees and customers and which businesses generate dividends that form the backbone of wealth, passed on from generation to generation.
