Ziff and his brothers Dirk and Robert inherited the family fortune in 1994 after their Father sold 95% of the Business to Forstmann Little for $1.4 billion and retired. The Father had originally wanted to pass the company on to his sons but they were not interested. Instead, they formed New York City-based Ziff Brothers Investments, investing their inheritances broadly across equities, debt, real estate, commodities, private equity and hedge funds. They also provided seed money to fund manager Daniel Och in exchange for a 10% stake in Och-Ziff Capital Management which went public in 2007.