Just to give it some context, a Bugatti Veyron’s standard service bill runs upwards of $21,000, which is almost as much as an affordable mid-size sedan.
For the wealthy, juggling extensive non-liquid assets, life assurance and insurance can be the secret weapon of an inheritance plan.
Shrikant Bhat, Managing Director and Regional Head of Investments at Citi, speaks to Hubbis about how his bank guides focused, meaningful conversations with clients with theme-based investment strategies calibrated to market outlooks and world events.
For the MENA region, its 52 billionaires (with only one member falling from the list in the past year) together boast a wealth of $165.1 billion, up from $143.8 billion in 2016.
Brothers Daniel & Richard Tsai, who had held the top spot, slip to No. 4, after we re-sorted the family's assets.
The sector does continue to attract strong investor interest whenever anything comes onto the market, particularly in London, said Kett, citing £5.2bn-worth of sales in the last 12 months of trading.
IT MIGHT not feel like it when you’re slugged with a massive bill, but apparently, we are the wealthiest people on the planet.
The survey also indicates that other generations of high-net-worth individuals, including Boomers and Gen Xers, are less likely to report the same feelings.
Anesthesiologists earn an average salary of $265,990, while petroleum engineers make $132,280.