🔥On this Real Estate Hustlers Podcast episode with  Ron Diamond, longtime investor and entrepreneur Ronald Diamond is the Founder and Chairman of Diamond Wealth. He invests alongside 100 Family Offices ranging in size from $250 million to $30 billion. Diamond Wealth invests in private markets (private equity, venture capital, real estate).

Ronald serves on the Advisory Board of numerous privately held companies and acts as Chairman for several of them. Ronald is also the Chair of two TIGER 21 chapters in Chicago and Chairs a newly created Family Office Group for TIGER 21. He is the past Chairman of the Advisory Board for the Disruptive Technology and Digital City’s Program at Stanford University, taught classes in the Entrepreneur Program at Stanford, and helped to create the Stanford Family Office Initiative.

What actionable value will you provide to our listeners?

–Ron shared his journey from graduating from Northwestern to working at Drexel Burnham during its collapse.

–He discussed his transition back to Chicago, where he started a hedge fund, grew it to $250 million, and eventually sold it in 2000.

–Ron explained how family offices leverage patient capital to invest in various asset classes, excluding office real estate

–He highlighted the importance of due diligence and the advantage of having multi-billion dollar families conducting their own due diligence alongside his team.

–Ron provided a comprehensive definition of a family office, emphasizing the need for a minimum of $250 million to $500 million to make economic sense.

–Ron candidly shared his thoughts on the importance of in-person interactions for younger professionals and the potential drawbacks of remote work.