In the days leading up to significant political events, it’s not uncommon to hear discussions about individuals seeking refuge or opportunities abroad. However, a recent surge of interest among affluent Americans in obtaining second passports or long-term residencies abroad indicates a marked change in sentiment and urgency. Immigration attorneys and advisors specializing in the needs
Wealth
In recent years, a transformative shift has occurred within the realm of charitable giving, predominantly influenced by the perspectives of wealthy millennials and Generation Z. Unlike previous generations, this cohort perceives their philanthropic efforts through the lens of activism rather than merely financial contribution. This evolution in mindset, as highlighted by insights from Bank of
When one thinks of the epitome of luxury vehicles, Rolls-Royce inevitably comes to mind. The fabled British automaker has now taken an innovative step forward by establishing its first U.S. “Private Office” located in the vibrant Meatpacking District of Manhattan. This unique design studio is exclusively aimed at affluent clients who desire tailor-made automotive experiences,
As artificial intelligence continues to evolve, it has captured the attention of prominent investors, and Laurene Powell Jobs is leading the charge. Powell Jobs, known for her multifaceted role as a philanthropist, investor, and the widow of Steve Jobs, is increasingly shifting her focus to AI startups through her family office, the Emerson Collective. Recent
Amid the political uncertainty leading into the upcoming election, the views of millionaire investors provide insightful, albeit complex, reflections on American economic priorities and political allegiances. A recent UBS survey of affluent individuals—those with investible assets exceeding $1 million—reveals that a majority of this group supports Vice President Kamala Harris against former President Donald Trump,
In the world of high-net-worth investors, family offices are currently witnessing an unprecedented shift in sentiment towards investment. According to Citi Private Bank’s latest survey, these private entities are increasingly optimistic, with a significant majority anticipating positive returns in the coming year. After years of cash-hoarding and cautious stances during economic uncertainty, family offices are
The past decade has seen a remarkable transformation in the landscape of global wealth, with a pronounced increase in the number of centimillionaires—individuals boasting a net worth of $100 million or more. According to a report by New World Wealth in collaboration with Henley & Partners, the number of these ultra-rich individuals surged by an
As the political climate tightens with the presidential race heating up, the ultra-wealthy are actively engaging in a frenzied wave of tax planning. In light of escalating concerns regarding an impending hike in estate taxes, affluent investors are scrambling to formulate strategies that could safeguard their wealth. This moment is further exacerbated by the impending
China’s ultra-wealthy population, individuals with a net worth of at least $30 million, is expected to grow by nearly 50% in the next few years, according to projections in a recent Knight Frank wealth report. Despite facing economic headwinds and a slowdown in growth, the ultra-rich in China have been diversifying their investment portfolios into
Recent research indicates that the United Kingdom is expected to experience a significant departure of millionaires this year, with the general election further contributing to this exodus. The Henley Private Wealth Migration Report forecasts a net loss of 9,500 high-net-worth individuals in 2024, more than double the previous year’s figure. This represents a stark shift