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94-Year-Old Tycoon Builds Massive Family Office

Wall Street Journal Markets •
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Following the sale of Jetro Restaurant Depot to Sysco, the Kirsh family is recruiting senior investors to guide an expanding New York family office. The Kirsh family is building out what is expected to be one of the largest family offices created in recent years after its patriarch, Nathan Kirsh, sold his restaurant supply company, Jetro Restaurant Depot, earlier this year for $29 billion, including debt.

Representatives for the family have been interviewing potential investment chiefs, investment committee members and advisers for the existing Kirsh family office in New York, sometimes called Kifo, as they prepare to manage the sudden influx of money. The family—Kirsh and his three children and their families—also has kicked off a search process for a head of private investments and a head of public investments.

The company sale to Sysco, which is expected to close by the end of the first quarter, was for $22 billion in cash and 91.5 million in Sysco shares, worth about $7.2 billion at Tuesday’s close. The Kirshes are part of an explosive wealth boom at the top. Total U.S. household wealth reached a record $185.7 trillion in the second quarter of 2026, according to Federal Reserve data.

The number of single-family offices roughly reflects the surge in wealth at the top. Wealth-intelligence firm Altrata estimates there were 9,237 single family offices globally in 2025, up from 6,269 in 2019. Jeff Bezos’ stepfather, Mike Bezos, hired a chief executive for his Miami-based family office last year. Nvidia Chief Executive Jensen Huang has a small family office but also has become a client of multifamily office Iconiq Capital in San Francisco.