The Family Office Report 2026
The 113 largest single-family offices control an estimated $2.93T and put more into alternatives, 45%, than any other type of investor.
Last updated June 2026. Computed from PipelineRoad's vetted institutional investor and fund-manager data; recomputed on every publish.
Key findings
- Family offices allocate an estimated 45% to alternatives, the highest of any investor type tracked, reflecting their long horizons and tolerance for illiquidity.
- The 113 single-family offices represent an estimated $2.93T in family wealth; the 10 largest account for 47% of it.
- Agache is the largest at an estimated $200B.
- Private equity, real estate, and direct investments feature heavily; family offices increasingly act like direct investors rather than fund allocators.
What family offices allocate to
Share of family offices listing each asset class.
The 20 largest family offices
| # | Family office | Headquarters | Estimated wealth |
|---|---|---|---|
| 1 | Agache | Paris, France | $200B |
| 2 | Excession LLC | Austin, Texas | $200B |
| 3 | Walton Enterprises | Bentonville, Arkansas | $200B |
| 4 | Lawrence J. Ellison Revocable Trust | Lanai City, Hawaii | $150B |
| 5 | Mars Family Office | McLean, Virginia | $141B |
| 6 | Ambani Family Office | Mumbai, India | $100B |
| 7 | Hermes / Dumas Family Office | Paris, France | $100B |
| 8 | Tethys Invest | Paris, France | $90B |
| 9 | Bayshore Global Management | Los Altos, California | $90B |
| 10 | Wertheimer Family Office | Paris, France | $90B |
| 11 | Cascade Investment | Kirkland, Washington | $70B |
| 12 | Cargill-MacMillan Family | Minnetonka, Minnesota | $50B |
| 13 | Woodbridge Company | Toronto, Canada | $50B |
| 14 | Wallenberg Investments / FAM | Stockholm, Sweden | $45B |
| 15 | Ferrero Family Office | Alba, Italy | $40B |
| 16 | Djarum Group | Kudus, Indonesia | $40B |
| 17 | Quandt Family Office | Bad Homburg, Germany | $40B |
| 18 | Exor | Amsterdam, Netherlands | $36B |
| 19 | Cox Enterprises Family Office | Atlanta, Georgia | $36B |
| 20 | Dubai Holding | Dubai, United Arab Emirates | $35B |
Methodology
Every figure is computed at build time from PipelineRoad's curated institutional investor directory and fund-manager dataset. Reported assets reflect each entity's most recent disclosure; figures are deduplicated and scoped to asset owners (for LP reports) or active managers (for fund reports). Family-office and net-worth figures are widely reported estimates, not audited AUM. The page recomputes on every publish, so the numbers track the data as it is corrected and expanded.
PipelineRoad, "The Family Office Report 2026," June 2026. https://pipelineroad.com/research/family-office-report
Frequently asked questions
What is a family office?
A family office is a private organization that manages the investments and affairs of a wealthy family. Single-family offices serve one family; multi-family offices serve several. Family offices allocate more to alternatives than any other investor type.
Which is the largest family office?
Agache is the largest single-family office in PipelineRoad's data, with an estimated $200B in family wealth.
How much do family offices allocate to alternatives?
Family offices allocate an estimated 45% to alternatives on average, the highest of any institutional investor type tracked.
Reach these investors
This report runs on PipelineRoad's data. Members get verified decision-maker contacts, current mandates, and live allocation signals, matched to a fund's thesis across 30+ institutional sources.
