Wealth

Auction sales during Monterey Car Week saw a 3% decrease from the previous year, largely attributed to a shift in preference towards newer cars. This shift has resulted in a surplus of unsold classic cars from the 1950s and 1960s. Total sales at the five main auctioneers in Monterey, including RM Sotheby’s, Broad Arrow, Gooding
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The ongoing Murdoch family feud unfolding in a Nevada court has shone a spotlight on the state’s emergence as a hub for family trusts and a sanctuary for the world’s wealthiest individuals. Nevada is now recognized as the leading state in the U.S. for asset-protection trusts, thanks to its attractive combination of no income taxes,
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India is projected to experience the most rapid expansion in ultra high net worth individuals worldwide over the coming years, according to consultancy Knight Frank. This comes as no surprise given the surge in India’s ultra-wealthy population, with a net worth exceeding $30 million, which increased by 6.1% to 13,263 individuals in 2023. The ultra-wealthy
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In recent years, Jeff Bezos, the founder and executive chairman of Amazon, has been making waves not only with his extravagant purchases but also with his strategic investments in artificial intelligence. While his multi-million dollar properties and luxury yacht garner attention, Bezos’ family office, Bezos Expeditions, has been quietly pouring funds into AI companies. According
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In the world of family offices, there is a noticeable shift towards offering more enticing compensation packages to employees. Unlike the traditional setup of salaries and bonuses, family offices are now providing equity stakes and profit-sharing opportunities to attract and retain top talent. This change in approach is driven by the intensifying competition among family
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