Managers of Wealth

Wealth Of Korea’s 50 Richest On 2023 Forbes List Falls 18% To Us$106 Billion

While South Korea’s export-dependent economy grew 2.6% in 2022, its stock market was one of the worst performers in Asia over the past 12 months.

20 Cities With the Most Ultra-Wealthy Residents

Information in the report was compiled by Wealth-X, an Altrata company, and sponsored by REALM, a real estate platform for the top 1% of real estate professionals globally.

Rich Chinese scrutinise investments like never before, with overseas funds seen at ‘grave risk’

Some affluent citizens are even leaving money in banks – marking the first time in a decade that bank deposits are a top-three investment play for China’s wealthy

The ultra-wealthy appear to be losing interest in NZ

That compares to 492 applicants to the country’s old visa program in 2021, before it tightened the rules to require bigger sums of money and ruled out investing in real estate.

‘Super-rich’ South Koreans ditch real estate for cash in 2022

The report was based on a survey of 2,013 South Koreans above the age of 19 conducted in December 2022.

Singapore Gets Crazier and Richer

For all the other brackets of the ultra-high net worth out there looking to place a family office or assets in the city-state, you better watch out. It might not be the best place anymore.

The wealthy are beginning to feel responsible, so what will they do next?

Now in its ninth year, it also reported that 36% of the wealthy wanted to demonstrate that family wealth can be invested for positive outcomes, a 13% rise compared to 2021’s results.

HSBC invites Grammy-winner Pharrell Williams to meet its richest Hong Kong clients as it introduces art-finance offering

HSBC’s art finance offering allows private-bank clients to borrow against the value of an art collection to finance other business initiatives

Are the Ultra-Rich Ready for Singapore After Credit Suisse?

The wealthy might want to diversify beyond UBS to the likes of DBS.

Dubai: Over 60% of millionaires prefer to use the emirate as their primary residence

Dubai has been a haven for millionaires in the past few years who migrated in large numbers to the emirate during and post-pandemic

Billionaires: L'Oreal heir names new head of family office

In our fortnightly round-up of the world’s super wealthy, Elon Musk says Twitter may break even soon and Mukesh Ambani enters the genome testing market

How a Saudi prince lost a £250mn ‘London palace’

Deals and loans stretching back decades lie behind ‘for sale’ notice on UK capital’s most expensive home

The World’s Richest People (Top Billionaires, 2023)

The list of the world’s wealthiest people can vary daily, depending on their latest net worth and financial performance.

Billionaire financier Thomas H. Lee dies at age 78

Lee died by suicide, New York City's Office of Chief Medical Examiner said Friday in an email to CBS MoneyWatch.

Millennials are just as wealthy as their parents

But their wealth may be distributed more unevenly.

Richest Tennis Players In The world And Their Net Worth, 2023

Here is a compiled list of the wealthiest tennis players in the world and their net worth.

Japan’s Newest Billionaire Masters The Science Of Turning Waste Into Wealth

The stock is up nearly 30% since then, making Fumio Kaneko, 66, the company’s cofounder and president, the country’s newest billionaire with a net worth of $1 billion.

Most wealthy Britons do not discuss their will with family

Those wealthy individuals who put off making a will may find their wealth isn’t passed on in the way they wish

Wealthiest People in Japan (February 14, 2023)

Akio Nitori ($3.6 billion) occupied the 9th position among the top 10 wealthiest people in Japan.

Elon Musk Donated $2 Billion Shares in Charity Last Year

Musk’s donations were made through a donor-advised fund, a type of charitable giving account that allows donors to contribute to the fund and recommend how the money should be distributed to charities over time.

Extremely Wealthy