Greensill, founded by Australian banker Lex Greensill and advised by ex-prime minister David Cameron, was last week thrown into turmoil when Credit Suisse suspended its $10 billion (£7.2 billion) supply chain fund.
The number of ultra high net worth individuals (UHNWI) in the Philippines, or those with more than $30 million (around P1.5 billion), will likely increase by 35% in the five years to 2025.
During 2019 it made $8.4bn worth of profits for investors, according to LCH Investments, profiting from gains in stocks including Alphabet, Charter Communications and Canadian Pacific Railway.
Although Asia has been a limited contributor thus far, Goldman Sachs estimates that it and other non-U.S. markets are set to raise $300 billion of M&A capital from such vehicles in the coming two years.
It takes $8 million in Monaco, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows.
In recent weeks, Musk has changed his profile to simply “#bitcoin” and commented on the rally in GameStop, jokingly calling it “GameStonk.”
In stepping away from the executive suite, Mr Bezos is following in the footsteps of other tycoons who temporarily - and in some cases permanently - walked away from running the businesses that made them rich.