Managers of Wealth

Billionaires in 2024: Political profits, luxury losses and a sporting rollercoaster

Which billionaires soared and who was floored during another busy year for the world’s very richest individuals?

With a Net Worth of $36.8 Billion, Phil Knight is Oregon’s Richest Individual

The ranking, which evaluates 400 billionaires and their families in the United States, places Knight among the top 100 wealthiest people worldwide.

Michael Jordan Sells His Massive Luxury Mansion For $9.5 Million – But It Took 12 Years To Find A Buyer And He Spent $50 Million Building It

After sitting unsold for over a decade, the property has finally found a buyer.

7 richest sports team owners: net worths, ranked

But, as it turns out, the real wealth in sport lies with the teams’ billionaire owners.

How rich people are making their money

Dr. Prashant Thakur, regional director & head, research, Anarock Group, highlights some USPs

How HSBC has become the trusted partner for multigenerational wealth management in Asia

They’re looking for a bank that can combine a whole range of skills, services and attributes, from advice on multigenerational wealth transfers and charitable giving to support in navigating global uncertainty and complex regulations.

Wealthy millennials shift focus to lifetime wealth transfer, Schwab survey finds

The findings highlight a generational divide in legacy planning among high-net-worth individuals (HNWIs) with more than $1 million in investable assets.

Private Banks Boost Hong Kong Hiring to Woo Rich Chinese Clients

For the city, it’s a welcome reprieve after years of political turmoil, rigid Covid restrictions, and an exodus of people.

Elon Musk's net worth tops $400 billion, a first for any person

Musk's wealth, which was last counted at $384 billion by the Bloomberg Billionaires Index, jumped after an insider share sale of SpaceX, the space exploration company that he founded.

Musk's $119 Billion Wealth Increase Outpaces Dell and Zuckerberg, But Guess Who's Catching Up

Big names like Larry Ellison, Jensen Huang and Mark Zuckerberg are also on the list.

Jeff Bezos: A Visionary Leader With a $226 Billion Net Worth.

He made his billions as the founder of Amazon.com and has held various roles, including former CEO and current president and chairman of the board.

Swiss Super-Rich Had a Good Year

This is an increase of 4.8 percent compared to the previous year.

L’Oréal heiress and Europe’s richest woman has lost more of her wealth than most other billionaires. But that isn’t stopping her from loading up on investments

Despite the carnage, Bettencourt Meyers hasn’t refrained from supporting French ventures through her family’s investment firm, Téthys Invest.

New group aims to promote legacy giving among wealthy people

The committee of wealth advisers will share expertise and advocate for legacy giving

Elon Musk's net worth hits all-time high

Tesla owner becomes the richest person in the world after his fortune surges $70 billion following Trump's win

Elon Musk's Net Worth Tops $330 Billion

The company is worth $1.1 trillion, so that means Musk’s piece is half his net worth.

Bernard Arnault's son to take up new job leading LVMH's struggling drinks division

All five children currently hold top managerial positions at LVMH, with the oldest, Delphine, 49, now the CEO of fashion brand Christian Dior (FR:CDI).

UK’s Richest Man Says ‘Spiteful’ Tax Hikes Will Kill Off Growth

The remarks are the most high profile attack from a British business leader since Reeves’ budget after firms were forced to shoulder the bulk of her £40 billion of tax rises.

Warren Buffett Made His Fortune 'Sort Of By Accident,' According To His Daughter. Loving What He Did Led To Unexpected Wealth

In 2017, Susie Buffett shared insight with People into her father’s life, describing him as a man whose love for investing drove his success, not the pursuit of wealth itself.

French luxury titans see wealth decline

Their combined wealth has contracted by 53 billion euros this year, reflecting broader headwinds in the premium goods sector.

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