Politicians have started adopting such structures too. House Speaker Mike Johnson famously has no bank account. He does, just not under his name. It would be managed by his family office.
Politicians have started adopting such structures too. House Speaker Mike Johnson famously has no bank account. He does, just not under his name. It would be managed by his family office.
Now the elite use Telegram groups, Signal, and rotate SIM cards. Everybody should be doing life this way, so the telcos become dumb data pipes.
Family offices are also an artifact of generational wealth. Plenty of famous people aren't rich enough for something that heavily staffed. Also newly wealthy will often want to be able to deal with existing friends and family on the same basis as before.
Indirectly, I've been able to observe some of the habits of someone with stratospheric levels of wealth. They had a phone number, but changed it frequently.