Extremely Wealthy

820 articles found

Extremely Wealthy

This billionaire is capping his kids’ inheritance at 8 figures—like Bill Gates, he thinks generational wealth is bad for society

Dylan Taylor made his first million at 27. Last year, he became a billionaire at 53, after taking his space-holding company, Voyager Technologies, public on the New York Stock Exchange. But don’t expect his two children to inherit all of it.   “I’m not a huge believer in generational wealth transfer,” the founder and philanthropist […]
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Extremely Wealthy

Zara Billionaire In Talks to Buy €850 Million Paris Office

Spanish billionaire Amancio Ortega’s Pontegadea Inversiones is in talks to buy an office in central Paris for about €850 million ($985 million) in what will be the biggest European office deal since 2022.   The family office has secured an exclusivity period to complete negotiations to acquire the Capital 8 complex, people with knowledge of […]
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Extremely Wealthy

Billionaire Femi Otedola buys £53 million 10-bedroom mansion in London

Billionaire and chairman of Geregu Power, Femi Otedola, has reportedly acquired a luxury mansion in one of London’s most exclusive neighbourhoods in a deal valued at about £53 million.   The property is located in St John’s Wood, an affluent district in northwest London known for attracting high-net-worth individuals, diplomats, and international business elites, according […]
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Extremely Wealthy

Wealthy clients go global as ultra-rich fortunes set to reach $84T by end of decade

The world’s richest individuals are increasingly building their fortunes across borders, a trend that could create greater demand for advisors with international planning expertise.   A new report from Altrata and Arton Capital, found that one in five ultra-high-net-worth individuals (defined as those with more than $30 million in net worth) were born outside the […]
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Extremely Wealthy

Why the super-rich are investing in rare whiskies

For much of its history, fine whisky belonged more to ritual than to finance. It was collected, but typically with the expectation that bottles would eventually be opened, poured and enjoyed.    Today, rare whisky has evolved into something else entirely: a global asset class that sits comfortably alongside art, watches and even property in […]
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