Members of the high net-worth membership network TIGER21 hold the majority of their wealth in assets other than public equities, data from the organization suggests.
About 25% of TIGER21 member assets are in publicly-traded equities. The plurality of assets (27%) are held in real estate, whereas private equities and cash/cash equivalents make up 22% and 14% of the asset pool, respectively.
“Our members are invested in technology stocks because of their scalability and increasingly in ETFs so they’re getting broader exposure,” TIGER21 Chairman Michael Sonnenfeldt said in a recent interview with Yahoo Finance Live. “But they only have about 25% of their assets in public stocks because they’re doing much better and feel more comfortable in the private equity space... and in the real estate space.”
TIGER21 describes itself as an “exclusive peer membership organization of high-net-worth entrepreneurs, investors, and executives.” Annual membership dues are $30,000, and members are required to have at least $10 million in liquid assets.
High-level investments