In an era characterized by social change, the way wealthy millennials and Generation Z engage in philanthropy is undergoing a seismic transformation. According to a recent study conducted by Bank of America Private Bank, affluent individuals under the age of 43 are increasingly seeing themselves as activists rather than traditional donors. This emerging perspective is
Wealth
Rolls-Royce has long embodied the pinnacle of luxury automotive craftsmanship, but now the iconic British brand is elevating its game by introducing a groundbreaking concept: the “Private Office.” Nestled in Manhattan’s chic Meatpacking District, this exclusive design studio offers affluent clients a unique opportunity to craft their own bespoke vehicles, pushing the boundaries of vehicle
Laurene Powell Jobs, a name largely recognized due to her connection with Apple co-founder Steve Jobs, is stepping into the limelight with her assertive investment approach towards artificial intelligence (AI). Her investment firm, Emerson Collective, is making waves by channeling significant resources into a variety of AI startups around the globe. This strategic portfolio expansion
A recent survey conducted by UBS has shed light on the voting intentions of millionaire investors, revealing a complicated relationship between economic perceptions and political support. While 57% of respondents express their intention to vote for Vice President Kamala Harris in the upcoming election, a noteworthy contradiction arises; these same investors assign former President Donald
In a significant shift in sentiment, family offices are demonstrating a renewed confidence in the investment landscape. A recent survey by Citi Private Bank has illuminated a strong recovery in risk appetite among these private investment entities responsible for managing the wealth of high-net-worth families. It is noteworthy that 97% of family offices anticipate positive
In the current economic landscape, the phenomenon of wealth accumulation among the super-rich has gained significant traction, leading to an extraordinary rise in the population of centimillionaires—individuals boasting a net worth of $100 million or more. According to a recent report by New World Wealth in conjunction with investment migration advisor Henley & Partners, the
The current political climate is inciting a flurry of tax planning activities among affluent investors, particularly in light of the impending alterations to estate tax laws. With the potential for a new administration that may implement increased taxes, the urgency for high-net-worth families to reassess their financial strategies has reached a critical juncture. The 2017
China’s ultra-wealthy population, those with a net worth of at least $30 million, is predicted to surge by nearly 50% in the coming years. Despite the challenges faced by the Chinese economy, where are these affluent individuals choosing to park their wealth? Current Investment Strategy Wealthy Chinese investors are adopting a cautious approach, with a
Recent research indicates that the United Kingdom is expected to see a record number of millionaires leaving the country in the upcoming year. The Henley Private Wealth Migration Report predicts a net loss of 9,500 high-net-worth individuals in 2024, which is more than double the previous year’s figure. This exodus is expected to be exacerbated
Burberry Group, a British luxury fashion house, faced a major setback as it dropped out of the U.K.’s FTSE 100 stock market index, highlighting the challenges the company is currently navigating. The company’s fall from the FTSE 100 index came after a period of waning sales, management changes, and a significant decline in its share