Managers of Wealth

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 …

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.

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

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.

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.

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

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.

The insanely luxurious life of Dubai’s ruler even puts billionaires to shame.

It was an accurate picture of extravagance and sheer luxury.

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.

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