Managers of Wealth

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)

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.

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.

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.

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.

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.

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

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.

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.

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

Margarita Louis-Dreyfus is considering a successor

Now the share of the Russian-born woman in the group is about the same as before the whole campaign, as the “NZZ” (payable article) now recorded.

Asia's Richest Man is Bullish on Blockchain

Blockchain and DeFi, or decentralized fiance, will level the playing field in finance, Indian billionaire businessman Mukesh Ambani said at the Infinity Forum this week.

Thailand's billionaire families eye retail and crypto deals

With the Chirathivat family to reportedly acquire Selfridges, a UK-based luxury department store group, we take a broad look at how Thai families have been approaching investments this year.

Top 6 Richest Investment Bankers of all Time

Several people had proven how operating inside this profession could make you one of the world’s wealthiest persons.

Billionaires in battle: power struggle at top of Italian finance

Leonardo del Vecchio and rebel investors are in tug of war over country’s biggest insurer

Teh Hong Piow slips to rank 410 on Bloomberg's billionaires list, wealth dips below US$7 bil

Teh holds a 22.78% stake in Public Bank through his private investment vehicle Consolidated Teh Holdings Sdn Bhd, and also directly holds 0.64% in the bank.

To focus on philanthropy, a Malaysian millionaire is selling his 289 feet long asymmetric superyacht.

The mean vessel is powered by a single 2000hp engine with a counter-rotating propeller azimuth drive.

How Atlassian Co-Founder Mike Cannon-Brookes became an accidental billionaire

He’s just your average Sydney-based father of four, who works in IT.

Billionaire Family Feud Puts a Century-Old Business Empire in Jeopardy

Although the Swiss bank is a tiny part of the family’s overall assets, the case raises broader ownership questions.

Asia’s Richest Man Looks to Walton Family Playbook on Succession

Mukesh Ambani’s grand plan is aimed at averting pitfalls of the past

Extremely Wealthy