01/02/2022
Gateses’ $15 billion to foundation tops 2021 list of biggest gifts
The money increases the grant maker’s endowment to about $65 billion.
Extremely Wealthy
12/30/2021
Asia’s richest man Mukesh Ambani wants to speed up Reliance’s leadership shift
He wants to avert a succession warfare that has torn apart many wealthy clans, including his own in the past.
12/30/2021
How India’s richest spent (and lost) billions in 2021
For every uplifting Mukesh Ambani or Shah Rukh Khan success story this year, there was a B.R Shetty or Subrata Roy headline giving billionaires a bad name …
12/30/2021
10 Checking Accounts the Ultra Rich Use
In order to meet the needs of this clientele group, these banks have created accounts that come with special perquisites for the ultra-rich, such as personal bankers, waived fees, and the option of placing trades.
12/28/2021
21 ultra-wealthy people who aren't leaving it to the kids
'It’s not a favour to kids to have them have huge sums of wealth,' Bill Gates says
12/28/2021
Top 10 richest men in the world in year 2021
Out of the top 10 richest businessmen in the world in 2021, 9 were from the United States and only one from France.
12/28/2021
Nearly 22 million Americans are millionaires. Here’s how they got wealthy
Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure out their secret to success.
12/28/2021
Princess Maria Laura of Belgium set to wed British investment banker
Royal, 33, who lives in London, sported a black floral dress as she showed off a dazzling ring in engagement photos which have been released by the Palace
12/27/2021
Russian oligarch has treated himself to the world’s most expensive private jet
If rumor mills are to be believed, an additional $102 million of equipment, as per the taste of the very wealthy owner of Millhouse, are outfitted in the giant aircraft.
12/27/2021
The insanely luxurious life of Dubai’s ruler even puts billionaires to shame.
It was an accurate picture of extravagance and sheer luxury.
12/27/2021
Billionaires' club has record 126 members; combined wealth is $728 bn now
Mukesh Ambani of Reliance Industries once again topped the charts with an all-time high net worth of around $104.7 billion (or Rs 7.85 trillion)
12/27/2021
A Year Like No Other: How Elon Musk Stole The Show
The primary reason: Tesla’s stock price, criticized by some for already being too high, kept climbing.
12/26/2021
Bill Gates is not all interested to join the space race – The centibillionaire instead wants to instead eradicate diseases on earth first.
Gates, in his blog, noted, “It might be foolish to make another prediction, but I think the acute phase of the pandemic will come to a close sometime in 2022.
12/24/2021
Hedge Funds and Private Equity Lure Billions From Rich Asians
This trend is now being extended to high net worth and affluent investors as well.
12/24/2021
Thai Billionaire Family’s Central Group, Austria’s Signa Buying British Retailer Selfridges
The assets also include e-commerce platforms and retail outlets across the U.K., Netherlands, and Ireland.
12/21/2021
Elon Musk says he'll be paying $11bn in tax this year
Mr Musk, founder of electric car maker Tesla and aerospace manufacturer SpaceX, became the world's richest person earlier this year.
12/20/2021
Wealthy investors likely to shun high-yield bonds amid Evergrande debt crisis until second half of 2022, analysts say
High-net-worth customers have shifted to other investments such as yuan-denominated products and US stocks
12/17/2021
Millennial millionaires plan to add more crypto in 2022, CNBC Millionaire Survey finds
The crypto holdings of millennial millionaires stand in stark contrast to older generations of millionaires, and could create a new dilemma for wealth management firms and how they work with clients.
12/16/2021
French Billionaire Drahi Weighs IPO of Sotheby’s Auction House
Drahi has held preliminary discussions with potential advisers about a U.S. listing of Sotheby’s as soon as next year, the people said, asking not to be identified because the information is private.
12/14/2021
Rich Business Owners Rethinking Retirement in Pandemic’s Fallout
Entrepreneurs and families surveyed in the U.S. were more likely than those elsewhere to be considering either delaying and accelerating their plans