A recent survey conducted by UBS has unveiled some intriguing insights into the political preferences of millionaire investors as the November elections approach. Despite a favorable view of former President Donald Trump’s handling of the economy, an overwhelming 57% of surveyed millionaires plan to cast their votes for Vice President Kamala Harris. This dichotomy reflects
Wealth
Family offices—private investment entities for the ultra-wealthy—are signaling a notable shift in their investment strategies following a prolonged period marked by financial caution. The latest findings from Citi Private Bank’s Global Family Office Survey suggest that these entities are gradually abandoning their cash hoards in favor of a more aggressive investment posture. A striking 97%
Over the last decade, the landscape of global wealth has undergone a dramatic transformation. A recent report from New World Wealth and Henley & Partners unveils an explosive growth in the population of centimillionaires—individuals with investable wealth exceeding $100 million. As prosperity spreads, particularly across China and the United States, the demographic of the ultra-wealthy
In the midst of an increasingly competitive presidential race, high-net-worth investors are faced with a growing urgency to reassess their tax planning strategies. The looming expiration of a generous estate tax exemption exacerbates the sense of urgency among affluent individuals and families, as they grapple with the implications of potential tax hikes. Advisors and tax
China’s ultra-wealthy population is expected to increase by almost 50% in a few years, with projections indicating a rise to 144,897 by 2028. This surge in numbers comes at a time when China’s economy is facing challenges and growth has been slowing down significantly. Amidst these economic headwinds, where are the wealthy Chinese individuals, with
In recent years, the United Kingdom has been experiencing a significant trend of high-net-worth individuals leaving the country. According to the Henley Private Wealth Migration Report, the UK is expected to see a net loss of 9,500 millionaires in 2024. This figure is more than double the previous year’s record of 4,200 millionaires leaving the
The recent news of Burberry Group dropping out of the U.K.’s FTSE 100 stock market index comes as a significant blow to the iconic luxury fashion house. This move reflects the culmination of various challenges that the company has been facing, including waning sales, management changes, and a general decline in consumer interest in the
In September 1916, the world saw its first billionaire, John D. Rockefeller, due to the soaring share price of Standard Oil. Fast forward more than a century later, the question on everyone’s mind is who will be the first trillionaire. Companies like Berkshire Hathaway and Nvidia have already entered the trillion-dollar territory, sparking further speculation
Sports team owners across various leagues are currently experiencing a unique set of challenges when it comes to passing down their wealth to the next generation. With team values soaring into the billions and the average age of team owners on the rise, there is a growing concern about how to smoothly transition ownership to
The world has witnessed a staggering 95% increase in the population of crypto millionaires over the past year, driven by the exponential growth of bitcoin exchange-traded funds and other crypto assets. According to a recent report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally holding more than $1 million