Thomas Peterffy: is there a family office?

The Hungarian-born billionaire amassed his fortune by founding Interactive Brokers in 1993, a company he ran until 2019 and where he now holds a position on the board. As of February 2024, Peterffy has an estimated net worth of $34 billion. This makes him the 44th richest person in the world, according to Forbes. A fortune like that needs good management. In this articel we are going to find out if there is a Thomas Peterffy Family Office which manages his wealth.

Where does Peterffy`s wealth come from?

Peterffy immigrated to the US in 1965 and saved money by working as an engineer to buy a seat on the American Stock Exchange in 1977. Peterffy is considered a pioneer in the electronic brokerage and trading market, using his engineering and coding knowledge to grow Interactive Brokers (IBKR) to be a global leader in online brokerage. In 2019, IBKR had a market value of $22bn and employed over 1200 people worldwide. Peterffy remains 75% ownership of IBKR, which in 2020 acquired Folio Investing to expand IBKR’s books with 70,0000 clients.

Is there a Thomas Peterffy Family Office?

Peterffy is the sole owner of Timber Hill Group, a private equity firm specializing in developing and acquiring logistics real estate. Peterffy maintains a strong interest in real estate, he owns over 560,000 acres with the majority based in Florida. Therefore it can be said, that there is no Peterffy family office. In fact he manages his wealth through Interactive Brokers, Timber Hill, and real estate investments.

Picture source: Austin Distel via Unsplash