Leonardo Maria del Vecchio was spotted at the amfAR Gala Venezia 2023 in Venice, Italy. Wall Street advisors were busy in December with major deals like the Warner Bros. Discovery bidding war and Trump Media’s $6 billion merger. Family offices made 35 direct investments in companies, down 62% annually, according to Fintrx data. Motier Ventures, founded by Guillaume Houzé, participated in a 7.2 million euro seed round for blood testing startup Lucis. Del Vecchio, heir to Luxottica, acquired 30% of Il Giornale through his family office’s media division to build an Italian information hub. Ultra-high-net-worth families are engaging next-gen heirs through direct investing and philanthropy, as per UBS’ family office survey.

Read more at CNBC: Where family office dealmakers placed their bets in December