Country: United States
Americas · 13 posts
How the Getty Family Is Taking Getty Images Back Through Bankruptcy
On 12 October Getty Images agreed a prepackaged Chapter 11 plan: the Getty family and Koch invest up to $533 million and get 100%. How it works, and why public shareholders are set to receive nothing.
America's Oldest Families Are Now Its Richest: The Fed's 2025 Survey
The Federal Reserve's 2025 Survey of Consumer Finances shows families headed by people aged 75 and over with the highest median net worth, while the youngest families lost ground.
A Chanel Owner Opens a Swiss Family Office: What a Second Office Can Signal
Bloomberg reports that Gérard Wertheimer has set up a family office in Geneva, alongside the family's New York office, Mousse Partners. Why rich families run more than one office.
Larry Ellison's Pledged Oracle Shares and His Son's $110 Billion Hollywood Deal
The Ellisons now control Warner Bros. through Skydance, while Larry Ellison has pledged 413 million Oracle shares for personal loans. What pledging means, and the lesson about concentration.
Most Wealthy Families Aren't Ready to Hand Over. Here's the Data
New surveys of North American family offices and affluent U.S. parents show the same gap: the money is being prepared for the next generation, but the conversations are not.
California's Billionaire Tax: What Prop 40 Would Do and Who Is Fighting It
On 3 November, Californians vote on a one-time 5% tax on billionaires' net worth. The rules, the revenue estimates, the latest poll, Newsom's stance and the money behind the opposition.
Onassis (Part 5 of 5), Capital: The Charter as Collateral
How a bank loan backed by an oil company's charter paid for supertankers.
Onassis (Part 2 of 5), Accounting: Cost per Ton, Bigger Ships, Smaller Crews, Offshore Structures
Why bigger ships, smaller crews, and offshore structures cut his cost per ton.
Rockefeller (Part 5 of 5), Capital: Railroad Rebates and the Leverage of Volume
The final post in the series: how guaranteed freight volume became a cost advantage, and where it crossed a line.
Rockefeller (Part 4 of 5), M&A: The Cleveland Massacre, 22 of 26 Competitors in One Season
How Standard Oil bought most of Cleveland's refiners in 1872, what it offered them, and what it cost in reputation.
Rockefeller (Part 3 of 5), Strategy: Own the Bottleneck, Not the Product
Why Rockefeller stayed out of drilling, took refining and transport, and what it cost him in the end.
Rockefeller (Part 2 of 5), Accounting: 39 Drops of Solder and a Barrel of His Own
How Rockefeller tracked costs to a fraction of a cent, made his own barrels, and turned waste into products.
Rockefeller (Part 1 of 5), History: How a Traveling Peddler's Son Laid the Foundation of an Empire
The first of five posts on John D. Rockefeller, one for each category below. How a boy who kept a ledger at 16 became the base of Standard Oil.