How much is the Whittier family worth?
Nearly 70 descendants of Mericos “Max” Whittier (1867-1925) share the fortune he started building six generations ago, now worth at least $2.6 billion.
Who owns Whittier Trust?
Whittier Trust Company is an American independent wealth management and investment firm….Whittier Trust Company.
| Type | Private |
|---|---|
| Key people | Michael J. Casey (Executive chairman) David A. Dahl (CEO) |
| Services | Investments Trust services Philanthropy |
| Total assets | US $19 billion |
Who is the Whittier family office?
In 1935, Max Whittier’s family and advisors started the Whittier Family Office, which later became the Whittier Trust Company, a multi-family office. Today the company continues to serve high net worth families with a focus on tangible and intangible aspects of family wealth – as it has done for six generations.
How did the Whittier family become so rich?
The oil field had already made the family very wealthy by the time they sold it to Shell Oil for $3.6 billion in 1979 — then the largest corporate acquisition ever. In 1935, Whittier’s heirs launched a family office to oversee their assets.
What is the Whittier Trust Company?
In 1935, Whittier’s heirs launched a family office to oversee their assets. In 1989, it became the Whittier Trust Company, which today remains partly family-owned and manages $10.6 billion in assets for 325 families. Alexei Navalny’s supporters have termed the removal of the app as an act of political censorship.
Who was Max Whittier?
Mericos “Max” Whittier (1867-1925) cofounded Belridge Oil in Southern California in 1911 and developed the town of Beverly Hills in the early 1900s before becoming an avid philanthropist and creating the precursor to the Whittier Trust Company.