As family offices and ultra‑wealthy individuals proliferate, a distinct mode of patronage could reappear: commissioning one‑of‑a‑kind, public‑oriented projects that reflect a sponsor’s singular perspective rather than chasing market returns. These 'great works' would be hybrid commercial, scientific, cultural, or philanthropic ventures that only their commissioner could conceive and fund at scale.
— If realized, this patronage model would shift who builds cultural and scientific infrastructure and create new accountability and governance questions about privately funded public goods.
Nathaniel Koloc
2026.03.18
100% relevant
Article cites Deloitte’s forecasted rise in single family offices (≈8,000 in 2024 to ~11,000 by 2030), UBS/Forbes counts of new billionaires, and examples like Nat Friedman’s PlasticList and the Vesuvius Challenge as prototypes of this approach.
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