In the world of finance, political choices often reflect a complex interplay between personal beliefs and economic interests. A recent UBS survey highlights the duality of thought among millionaire investors, revealing a paradox in their voting intentions. Despite their preference for Vice President Kamala Harris in the forthcoming elections, many grant former President Donald Trump
Wealth
As the global economic landscape evolves, family offices—the private wealth management advisory firms for ultra-high-net-worth individuals—are rediscovering their bullish sentiments towards investment strategies. A recent survey conducted by Citi Private Bank has spotlighted their renewed enthusiasm, indicating a significant shift from cautious asset management to a more aggressive investment posture. This article delves into the
The landscape of wealth has undergone dramatic shifts in the past decade, with a notable increase in the number of centimillionaires—individuals boasting a net worth of $100 million or more. This analysis dives into the trends revealed by the latest report from New World Wealth, detailing a significant expansion of the ultra-wealthy population globally, with
As the nation braces itself for a closely contested presidential race, a distinct ripple effect is occurring in the realm of estate planning, particularly among ultra-wealthy investors. Fears surrounding potential changes to estate tax regulations have prompted significant shifts in tax strategies, with many affluent individuals scrambling to alter their financial approaches before looming deadlines.
China is experiencing a significant growth in its ultra-wealthy population, defined as individuals with a net worth of at least $30 million. According to projections in a Knight Frank wealth report, this group is expected to increase by almost 50% in the coming years, from 98,551 in 2023 to 144,897 by 2028. This growth is
The United Kingdom is experiencing a significant shift in its millionaire population, as a record number of high-net-worth individuals are expected to leave the country in 2024. Research conducted by the Henley Private Wealth Migration Report indicates that the UK will see a net loss of 9,500 millionaires this year, more than double the figure
British luxury fashion house Burberry Group has faced a significant setback as it dropped out of the U.K.’s FTSE 100 stock market index. This move comes as a result of waning sales and a series of management changes within the company. The 168-year-old retailer’s slide into the FTSE 250 during September’s quarterly rebalancing signifies the
In a significant historical event on September 29, 1916, the world was introduced to the first-ever billionaire, a feat previously thought to be unattainable. The announcement was made in newspapers across the country, with The New York Times highlighting Standard Oil’s soaring share price that made John D. Rockefeller the world’s first billionaire in measurable
Sports team owners are currently experiencing not only the financial benefits of the soaring values of their teams but also the pressure that comes from two significant factors in American wealth – death and taxes. As the average age of team owners increases and team values reach into the billions, owners and leagues are now
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year, with individuals holding more than $1 million in crypto assets soaring to 172,300 from 88,200. The number of pure bitcoin millionaires has more than doubled, reaching 85,400. This significant growth has also led to the emergence of