Wealth

In an intriguing twist of events, the authenticity of “The 38 Letters from J.D. Rockefeller to His Son: Perspective, Ideology and Wisdom” has captured public interest and scrutiny. Initially touted as a collection of correspondence between the American business magnate John D. Rockefeller Sr. and his son, John D. Rockefeller Jr., this volume has found
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LVMH, renowned as the behemoth of the luxury goods market, released its annual results recently, showcasing revenues that slightly surpassed expectations. With reported earnings of €84.68 billion ($88.27 billion) for 2024, LVMH outperformed analysts’ projections of €84.38 billion from LSEG. However, despite these promising figures, a stark decline in share prices has raised eyebrows within
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LVMH Moët Hennessy Louis Vuitton, the largest luxury conglomerate globally, recently disclosed its full-year sales for 2024, revealing a performance that exceeded market expectations. Reporting revenues of €84.68 billion (approximately $88.27 billion), LVMH outperformed the analyst forecast of €84.38 billion, marking an organic growth of 1% from the previous year. This financial boost, especially notable
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The J.P. Morgan Private Bank has unveiled its highly anticipated annual compilation, the “NextList 2025,” providing an elegant mix of experiences and reads designed for its wealthy clientele. This list isn’t just a mere recommendation but a thoughtfully curated collection reflecting the evolving interests and lifestyles of affluent families. It encompasses a variety of cultural
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The intermingling of academia and high finance has taken an intriguing turn as elite universities intensify their focus on family offices—private wealth management firms set up to manage the investments and financial interests of affluent families. The recent launch of initiatives like the Booth Family Office Initiative at the University of Chicago is a testament
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As Britain grapples with fiscal challenges and looming budgetary restrictions, the ultra-wealthy are becoming increasingly vocal in their concerns regarding the future of non-domicile (non-dom) tax statuses. The lobbying group Foreign Investors for Britain has raised alarms about the government’s potential changes to this colonial-era tax policy, which permits wealthy individuals residing in the U.K.
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In recent years, the composition of wealth distribution has undergone a significant transformation, especially regarding the participation of women. The Altrata Billionaire Census reveals that women now constitute approximately 13% of the world’s billionaires, a notable figure with 431 women among a total of 3,323 billionaires. This growth reflects broader societal changes, including an increase
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