An Heir with No Spare The Deitch Family Office 2022
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“We had always been a very close family, and the unexpected passing of our beloved father in 2017 left us all in shock. My parents, the late Michael Deitch and the late Barbara Deitch, had a beautiful marriage of over 60 years, and their love for each other was contagious. Michael and Barbara raised our two sisters, Susan and Sarah, with the utmost care and affection. They had four children, including my two siblings, who were also blessed with the gift of being their parents’’s only children
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“The heir to the Deitch Family Office was a young adult who never experienced anything but his wealthy family, wealthy relatives, and money. This child did not understand or even care about the consequences of his family’s abuse of power and mismanagement. This child, who was never educated to question authority or demand answers to questions, had grown up in such an environment that the notion of a different system, of a system where the rights of people are supreme, a system where the weak and oppressed are uplifted, a system where justice
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“Heir to a major New York City family business. His grandfather founded the company over five decades ago and he is now the third-generation owner. His father was instrumental in establishing the family business and his mother worked her way up the ranks. The family enjoys a significant amount of wealth and possesses some of the most coveted real estate in Manhattan. The company’s assets range from luxury homes to top-rated restaurants and hotels. The business has seen strong growth in recent years, with a 25% increase in
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In 1987, David Deitch, founder of the world’s largest and most successful artists’ marketing company, Deitch Art Marketing, turned 44. In a single decade he built a network of dealers around the world, expanded into a dozen international offices, added a new wing to his Manhattan headquarters, opened several off-site galleries, and hired 30 full-time staff, making him the world’s top marketing executive. In the early 1990s, he had six employees, and in
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An Heir with No Spare The Deitch Family Office, headed by Dina Deitch, is one of the most prestigious in New York. The founder, Dina Deitch, is an astute businesswoman who has risen to the top of the elite class. She started her journey by working in fashion, eventually moving into real estate. As one of the most successful entrepreneurs of her generation, Dina Deitch has developed a keen instinct for investment, which has made her one of the most sought-after entrepreneurs in
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Whenever my grandfather died in 1997, my father’s inheritance was over 120 million dollars. We inherited his life savings. All his assets were liquidated, and I don’t have the slightest interest in owning businesses or properties. My father’s life savings was over 100 million dollars, and I kept it. I decided to take it easy. I didn’t think about it at all. I enjoyed my life, and I wasn’t very ambitious. I’m not a
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We’re a private family office dedicated to helping business families achieve their financial objectives while building a strong and lasting legacy for future generations. Our team includes the best minds in business, law, and finance. We’re not your typical accounting firm, but we are your trusted advisor. I am thrilled to be part of this team. I was honored to be asked to assist the Deitch family with a special case study on their experience with financial planning. Here are some insights from my conversation with the family: “I had weblink