Large family offices often employ 25 to 40 people

It’s estimated there are 10,000 single-family and 5,000 multifamily offices globally

Family offices are expanding around the world at a rapid pace, impacting the wider financial landscape.

Family offices have a median of $476M in managed assets

There are several types of family offices that cater to ultra-high net worth individuals, starting with single-family offices that cost an average of $3.2M annually.

The responsibilities of family offices range from managing assets to coordinating travel

Family offices provide a broad swath of services to ultra-high-net-worth individuals that help the family maintain their wealth for generations.

The average pay for family office executives has soared

As the number of family offices grows, they’re battling for top talent with traditional financial institutions by bulking up pay and incentive packages.

The origins of modern family offices date back to the 1500s

Wealth management for families with massive fortunes has evolved over the centuries, with the Rockefellers establishing the first single-family office in 1882.

Family offices are estimated to manage more assets globally than hedge funds

As baby boomers prepare to transfer more than $84T in assets to the next generation over the next 20 years, family offices’ impact is expanding.

More than half of family offices have succession plans in place

The UBS annual report on family offices found that its clients are preparing for trade wars, generative AI, and generational wealth transfers.

Family CEOs tend to prioritize a non-economic goal: keeping the business in the family

Companies led by family CEOs tend to prioritize corporate social responsibility, but they also tend to invest less in innovation and international growth. They also have more debt on average.

The 'Two and Twenty' structure allows hedge funds and private equity firms to earn significant returns

With this structure, firms charge limited partners or "LPs" a 2% management fee for overseeing the fund (assets under management or AUM) and take 20% of the fund's overall profits (carried interest). Many private credit funds also operate under this structure.

Real estate investment firms handle enormous, complex real estate transactions

In the large-scale projects real estate investment firms handle (such as huge commercial developments), the parties involved in a sale are more likely to be large corporate real estate developers and investors than individuals.

Who’s who at the Vatican?

The Vatican is a massive organization whose processes and positions can appear impossibly dense to the common public. But, as this explainer from a University of Dayton professor makes clear, the Catholic Church's bureaucracy functions much like similarly-sized companies and universities. While the processes might still seem unnecessarily complex after reading, you'll at least be able to trace the org chart from the Pope on down.

The Lauder family still owns more than 80% of Estée Lauder Companies

When Estée Lauder went public in 1995, the company implemented a dual-class stock structure to retain family ownership of the company. Alongside owning a majority of the stock, almost everyone in the family also works within the company, leading to the family's reputation as a cosmetic dynasty.

Ten people on Goldman Sachs’ 31-person senior management committee are women

However, only two of those 10 women were in charge of a revenue-generating business arm. Learn more about what it’s like to be a woman in investment banking—and about Goldman’s recent gender discrimination settlement.

By 2005, Microsoft may have made as many as 12,000 millionaires

Stock options given to early employees also created four billionaires, including Bill Gates, who became the then-youngest self-made billionaire at the age of 31. As of 2025, Microsoft employs about 228,000 employees, including more than 50,000 at its headquarters in Redmond, Washington.

About 63% of employees making $100K+ salaries can work from home sometimes or always

However, only 38% of those making $50K to $100K can do the same. Some have pointed out that working from home is increasingly inaccessible to blue-collar workers and those who did not attend elite higher education institutions, furthering America's class divide.

Broadway employs tens of thousands of people in various roles

While we often just think of the actors and directors who take top billing, Broadway productions operate as distinct businesses employing numerous people in various roles: stage managers, sound designers, house managers, ushers and more.

Principals are important pieces of F1 teams

In the Big Four American sports, teams have a head coach to lead the team and a general manager to run the business side. In Formula 1, they have a team principal, who speaks publicly on behalf of the team, manages the team's personnel, and engages with F1's governing body.

Jobs that marry each other the most

Out of all married physicians, roughly one in five is married to another physician. The trend extends beyond the medical field. Some professionals are more likely to marry one another than others. Find out which jobs most often pair together among married couples with this interactive tool based on estimates from the American Community Survey. Click here to type in your profession and see your most likely match.

The FBI is the largest agency within the Department of Justice

The Federal Bureau of Investigation is the DOJ's largest component, leading national efforts to fight terrorism, cybercrime, organized crime, and corruption. It has roughly 38,000 employees and functions as both a domestic intelligence agency and the federal government's main investigative body.

How to know if you're a workaholic

Are you a workaholic, or do you simply enjoy work? As it turns out, there's a big difference between putting in long hours at the office because you enjoy your job and actually having a work addiction. If you're reading this on hour 12 of your 14-hour workday and wondering which category you fall into, peruse this article to find out.

50 exit interview question ideas

When an employee leaves a company, it can leave leadership (not to mention their manager) with a lot of questions. Thankfully, that's what exit interviews are for. But if the person conducting the interview doesn't know the work-appropriate way to ask questions, or if they need to ensure they've covered all the bases, this list of more than 50 exit interview questions can help. Read it here.

Explore the use of executive orders over time

An executive order is a presidential directive that manages the federal government and carries the force of law when authorized by the Constitution or statute. Since 1789, more than 16,000 have been issued—Franklin D. Roosevelt used the most, signing 3,721 during his 12 years in office.

See which age group pays the most in taxes each year

Americans between 45 and 55 pay nearly 30% of all income taxes, bearing the largest share of tax burden in the country. These taxpayers pay an average tax rate of around 17%.

See what it's like to work at the White House

Anita McBride discusses her experience working at the White House across three presidential administrations. She began in 1984 as a correspondence analyst, reading mail, and later served as chief of staff to first lady Laura Bush from 2005 to 2009.

Hedge funds, the private investment firms that trade a wide swath of financial assets, make money by imposing steep fees on investors and from the fund's investment performance.

Legendary architect Frank Lloyd Wright designed the SC Johnson headquarters in Wisconsin, aiming to make a cathedral-like workplace

A Disney architect designed Epic's headquarters

Epic Systems provides electronic medical records in the US—but its offices are far from bland. The HQ has five different campuses that are inspired by "Harry Potter," "The Wizard of Oz," and "Alice in Wonderland."

Use this tool to calculate the dollar value of your parental mental load, from meal planning to coordinating after-school care, then see resources that help generate solutions.

In 2025, four executives from large tech companies were given positions in the US Army Reserves—including Palantir Chief Technology Officer Shyam Sankar, which reinforced Palantir's ties with the US military and its role as a leading defense partner.

The power and influence of the American presidency have expanded significantly over time—far beyond what the founders envisioned.

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

Before the current East Wing ballroom project, only two White House renovations in the past 100 years cost more than $10M.

The syncytiotrophoblast is the outer layer of the placenta and the largest human cell, spanning an area about twice that of a king-sized bedsheet.

See how each of the more than two million known species relates to each other—and to common ancestors—in this zoomable tree of life.

US housing costs have risen by roughly 175% between 1991 and 2026—but a growing number of Gen Zers are becoming homeowners anyway. In 2025, 4% of homebuyers were Gen Z, up from 3% the year before.

The United States is one of only around two dozen countries with a fully federal system of government, in which power is divided between national and state governments.

Bone marrow (soft tissue found inside certain bones) generates roughly 500 billion new blood cells each day

In 1963, a basement renovation in Turkey revealed a passageway to a hidden, multilevel underground city that once housed as many as 20,000 people

About 2,000 US babies are born annually without some portion of their limbs, potentially leading to a lifetime of pricey prosthetics.

How Amazon operates a 'flywheel' business model, a self-reinforcing cycle that drives continuous growth

See 33 images that became central to huge scandals, including a young Charles and Camilla, Michael Jackson's baby on a hotel balcony, and Hugh Grant's mugshot.

20,000 letters to the advice columnist 'Dear Abby' provide insight into prevailing sex, religion, and LGBTQ fears, anxieties, and concerns from the 1950s onward.

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

Cultural norms about how to handle the bodies of loved ones in communities in West Africa have hampered Ebola responses.

Doctors differentiate between a phobia and fear by asking patients whether their fear interferes with their day-to-day activities.

In 2026, Finland was named the world's happiest country for the ninth consecutive year based on its wealth, social safety network, and high life expectancy, among other factors.

See how Budweiser's famous Clydesdales spend their days at Warm Springs Ranch, where roughly 70 to 80 of the beer brand's giant horses can be found at any given time.

Between 10 million and 50 million people in the US develop rashes from poison ivy, poison sumac, and poison oak each year.

Explore fun facts from the USPS, including unique post office buildings, a stamp that traveled past Pluto, and more.

The Brothers Grimm were lawyers before they were storytellers, but became interested in fairy tales as they began investigating how rules and customs had been passed down through cultures.