The Journey of Wealth Creation and Investment

Ultra high net worth entrepreneurs often face a significant transition after selling their businesses, realizing that the skills that fueled their entrepreneurial success do not necessarily translate into effective investment strategies. Michael Sonnenfeld, who sold two companies before age 43, underscores the importance of learning wealth preservation after a liquidity event. He founded Tiger 21, a peer network for high-net-worth individuals, to share insights on responsible financial management and to avoid common post-sale pitfalls. The creation of Tiger 21 stemmed from the need to educate sellers on capital preservation, legacy planning, and emotional challenges associated with transitioning from business ownership to investment.