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,
Wealth
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
In a significant turn of events, Burberry Group, the iconic British luxury fashion house, has been removed from the prestigious U.K.’s FTSE 100 stock market index. This decision comes after a series of setbacks for the 168-year-old retailer, including declining sales and a string of management changes. The company’s relegation to the FTSE 250 marks
Back in 1916, the world witnessed the rise of the first billionaire, John D. Rockefeller, thanks to the soaring share price of Standard Oil. This landmark event was once thought to be unattainable, marking the beginning of a new era in the world of extreme wealth. The Trillionaire Speculation Fast forward to the present day,
In the world of professional sports, team ownership has become a lucrative investment with soaring team values reaching into the billions. However, with the average age of team owners rising, new challenges around estate planning and taxes have emerged. The focus has shifted towards ensuring smooth ownership transitions to the next generation of buyers. The
The world has witnessed a staggering increase in the population of crypto millionaires, with a 95% surge over the past year. According to a report from New World Wealth and Henley & Partners, there are currently 172,300 individuals worldwide holding more than $1 million in crypto assets, a significant increase from the 88,200 reported last