Michael W. Sonnenfeldt, a seasoned entrepreneur, established TIGER 21 in 1999 to provide a platform for high-net-worth individuals to exchange insights on wealth preservation and life transitions. With nearly 1,600 members boasting a minimum net worth of $20 million, this exclusive network has become a sanctuary for those navigating the complexities of substantial wealth. While preserving financial assets is crucial, the paramount concern among members revolves around ensuring their children grow up responsibly and productively. This essay delves into the origins of TIGER 21 and explores its pivotal role in addressing the challenges faced by affluent parents.

Sonnenfeldt’s journey began with significant success in real estate development, culminating in the creation of Harborside Financial Center. However, his subsequent venture led to financial losses, prompting him to rethink his approach to wealth management. This experience inspired him to found TIGER 21 as a forum where entrepreneurs who had sold their businesses could learn from one another. Initially comprising six members connected through Vistage, a coaching organization for business executives, the group aimed to explore the transition from entrepreneurship to investing and wealth preservation. Over time, TIGER 21 evolved into a comprehensive community that addresses not only financial matters but also broader life issues such as legacy, health, and community involvement.

The core of TIGER 21 lies in its monthly full-day meetings, which foster open discussions on various topics. Members share personal updates, discuss pressing issues, and benefit from guest speakers on diverse subjects ranging from biodiversity to global affairs. A unique feature of these meetings is the portfolio defense, where a member presents their investment portfolio for peer review. Confidentiality is strictly maintained, creating an environment of trust and mutual respect. Beyond finance, parenting and wealth inheritance are recurrent themes. Members frequently delve into strategies for instilling values in their children, balancing estate planning, and ensuring fair treatment among siblings. One notable example involved two members sharing contrasting approaches to teaching their kids about labor and responsibility, highlighting the diversity of perspectives within the group.

The expansion of TIGER 21 has led to the establishment of a family office division, catering specifically to leaders of single-family offices. This division focuses on advanced topics like estate planning, family governance, and succession planning. The annual membership fee for this division is $50,000, underscoring the commitment required to participate in such discussions. Despite the high stakes involved, the overarching message remains clear: wealth can be both a blessing and a challenge. Through thoughtful engagement and shared wisdom, TIGER 21 members strive to navigate the intricacies of raising responsible heirs in an affluent world.

In essence, TIGER 21 exemplifies a community built on mutual support and learning. By bringing together successful individuals facing similar challenges, it offers a unique space for addressing the multifaceted aspects of wealth management and family dynamics. Whether discussing investment strategies or parenting philosophies, the organization fosters an environment where members can thrive and ensure a prosperous future for their families. Ultimately, the true value of TIGER 21 lies in its ability to help members not only preserve their wealth but also cultivate a meaningful legacy for generations to come.