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Extremely Wealthy

06/21/2019

Rich kids in Switzerland flaunt wads of cash, their Hermes bags and pose on private jets

The fact that Switzerland is currently facing the threat of being cut off from European stock markets, unless it reaches an agreement over its future partnership with the EU, is clearly of no concern to these minted youngsters.

06/19/2019

Less than 1% of the world's billionaires donate to housing and shelter charities.

Education and the arts are among billionaires' favorite causes to donate to, Wealth-X reports.

06/18/2019

Going, going, gone: Sotheby's auction house sold for $3.7bn

The offer price represents a premium of 61% to Sotheby’s closing price on June 14, 2019

06/18/2019

Hong Kong rich start moving assets offshore as fears rise

"The fear is that the bar is coming right down on Beijing's ability to get your assets in Hong Kong. Singapore is the favored destination."

06/17/2019

An entrepreneur who interviewed 21 billionaires says the key difference between them and millionaires is how they answer a simple question about money

Billionaires are different from millionaires in that they enjoy making money more than they enjoy spending it, according to Rafael Badziag in his book "The Billion Dollar Secret."

06/14/2019

Donald Trump’s net worth rises to $3 billion

The increase in Trump’s wealth reverses two years of declines

06/13/2019

The quiet (and laudable) insurgency building among the world's mega-wealthy millennials

Young heirs helping tilt family investments toward impact investing, thanks to an under-the-radar course at Harvard

06/13/2019

How the ultra-rich battle for the season's best seats, from Wimbledon to The Proms

This turbo set won’t Instagram anything less than the most sought-after tickets or seats, whether that means shelling out for exclusive access to the pit lanes at The British Grand Prix or £3m on a private box at the Royal Albert Hall.

06/13/2019

Millionaire’s Plan to Cut Danish Taxes Lies in Tatters

The swing to a government pledging more taxation, not less, adds fuel to the debate about democratic socialism versus unfettered capitalism

06/11/2019

Quora answers – How did Richard Branson become so successful?

The best part: he never compromises Virgin Group’s customer-centric focus. Branson makes his business an extension of himself and it’s working like a charm.

06/10/2019

The World’s Wealthiest Are Dumping Cash Into Zero-Profit Businesses

Turns out the top percentile of earners across the globe are not only holding too much cash but also making terrible investments including buying shares of companies losing billions of dollars every year; bonds from little-known backwater countries or thr

06/07/2019

The founder of a blockchain startup paid $4.5 million to have lunch with Warren Buffet

The Tron founder’s rendezvous with Buffet will also be attended by the CEO’s of seven other cryptocurrency companies.

06/07/2019

Its official – Jay Z is the worlds first billionaire rapper

Jay-Z’s portfolio also includes investments and cash worth a sweet $200 m and real estate worth another $50 m.

06/07/2019

In Israel, Millionaires are the New Normal

With the estimated personal wealth in Israel going up by 45% in the last decade, Israelis are now a premier target for global wealth management bankers

06/06/2019

Jeff Bezos is buying three New York City condos worth a combined $80 million

If the units were combined, the home would have 12 bedrooms and more than 17,000 square feet of space

06/03/2019

Matt Hamilton gears up to grow $900 million a year til 2027 when most CEOs look forward to retiring, but only banks, not PE investors, are invited to fuel deals

The 64 year-old's Hamilton Capital, a $2.5 billion Ohio RIA, has hired a COO, put out an RIA custody RFP and added Orion -now it just needs the right loan

06/03/2019

South African Billionaire Patrice Motsepe's Investment Firm Launches New Insurance Company

Motsepe owns a minority stake in Sanlam through his Family trusts.

05/30/2019

Man pays a whopping $75,000 to be Tiger Woods’ caddie for one day

here was also a Virtual Green putting a machine that was auctioned for $22,500. But for now, its Gilbert with his $75,000 bid and an exclusive caddie job for the win!

05/29/2019

MacKenzie Bezos Signs ‘Giving Pledge’ to Donate Half Her $37 Billion Amazon Fortune to Charity

Jeff Bezos, who will remain the richest individual in the world even after the divorce, has not signed on to the Giving Pledge to date.

05/29/2019

Emirati businessman Mohammed Bin Ham Al Ameri joins The Giving Pledge campaign

Founded by Bill and Melinda Gates and Warren Buffett in 2010, the Giving Pledge is a global, multi-generational commitment by some of the world's wealthiest individuals and couples to give more than half of their wealth to philanthropy or charitable

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