“The biggest wealth transfer in history has already begun:” $10 trillion in family office capital signals a new era

Family office guru Ron Diamond predicts younger generations will drive direct investments in startups and deep-tech and that Israel will be a prime destination for the next wave of private wealth.

“The private capital of wealthy families is eating into the funds’ money and taking up a very large place in the business world. Today, there are 15,000 family offices globally that together manage $10 trillion. In other words, this is now an industry larger than the private equity fund industry, which manages $6.5 trillion. It is thirsty for investments, but of a different kind than those we usually see from investment funds,” says Ron Diamond, CEO and founder of Diamond Wealth, in an interview with Calcalist.

Diamond, who has expressed interest in making more investments in Israel, declares that “the greatest intergenerational transfer of wealth in history has already begun. Over the next 20 years, trillions will move from the management of baby boomers to the younger generation, and this generation wants to invest far more in technology.”