Managers of Wealth

Dubai ranked 14th-most expensive city in the world for ultra-wealthy

Higher prices for luxury goods and services are eroding the purchasing power of high-net-worth individuals, according to Julius Baer report

Who will become the world’s first trillionaire?

Of the 21 individuals who stand a chance of reaching this phenomenal milestone in their lifetime, Elon Musk is predicted to be the first.

The banking billionaire making a $3.7bn bet on Colombia

While others move wealth ahead of critical election, Jaime Gilinski is aiming for the country’s crown business jewels

The World’s Wealthiest People (13 June 2022)

Warren Buffett is the fifth-richest person globally, with $103 billion.

Tiger Woods is officially a billionaire, Forbes estimates

Woods also reached the financial milestone without taking a lucrative to compete in Saudi-backed LIV Golf tour, which reportedly would have been in the "high nine digits."

Billionaires plough more money into private equity

Family offices boost exposure to unlisted shares despite policy tightening and concerns over valuations

Property Tycoons Lose $65 Billion After China Curbs Excesses

A Bloomberg Intelligence gauge of Chinese property stocks sank on Monday to a five-year low versus the Hang Seng China Enterprises Index.

Billionaire Russell Weiner Acquires Superb Park City Compound for $39.6M

The mansion, completed last year, is a striking expression of luxurious alpine vacationing.

Dubai Billionaire Sajwani Buys Bankrupt Swiss Diamond Jeweler

The company was founded in 1993 by former Bulgari SpA executive Fawaz Gruosi and is known for its signature black-diamond jewelry.

Moderna CEO Bancel Says He’ll Give Most of His Money Away

Moderna CEO Stephane Bancel has an estimated net worth of $4.1 billion.

Total Rich List wealth soars past half a trillion dollars

The rise in iron ore, property and solid gains in manufacturing – and the fact that tech was still well up overall – has widened the gap between the top of the list and the rest.

Oxfam pushes governments to implement ‘solidarity tax’ on ultra-rich

The organization stated that the fortunes of food and energy billionaires have risen by $453 billion in the last two years amid the pandemic.

How much is Elon Musk's right-hand man paid?

It is also placing a spotlight on Excession managing director and Musk’s right-hand man, Jared Birchall, who is now leading one of the most significant takeovers in history.

What luxury items ultra wealthy Australians are buying

There are close to 21,000 Aussies who have a net worth of more than $43 million and a new report reveals how they splash their cash.

‘Straw Owner’ Hides $1 Billion Worth of Russian Yachts

A US affidavit seen by Bloomberg News says a nest of offshore companies and a yacht broker helped obscure a superyacht’s true owner

Growth push: Koda Capital sells stake to wealthy US family

Koda Capital is planning to grow via acquisition after selling a stake to family-owned US wealth business Emigrant Partners.

UHNWs may think differently due to their level of wealth

Some 81 per cent of UHNWs (those worth more than $30 million) consider tangible assets – such as artwork, boats, planes and collectibles – as part of their portfolio of assets and, therefore, something that should be managed as such.

Wealthy investors pile into the carbon market

Amid the proliferation of net-zero commitments, money managers look to the rise of carbon-related assets

Wealthy Americans are buying second passports as a 'plan B' for their families

The top programs grant citizenship to foreigners who invest millions of dollars in the country.

Opinion: A New Normal

A billionaire weighs in on the new approach he believes is now needed in business.

Extremely Wealthy