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
Wealth
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
Back in 1916, the world witnessed a historic moment as the first billionaire, John D. Rockefeller, emerged with his soaring Standard Oil share price. Fast forward to the present day, where the question of who will be the first trillionaire continues to captivate the world. According to a recent report from Informa Connect Academy, Tesla
Sports team owners are not only faced with the pressure of managing their teams but also with the challenges of planning for the future in terms of succession and taxes. As the average age of team owners increases and team values reach astronomical levels, owners are grappling with the question of how to ensure a
The number of crypto millionaires in the world has seen a significant increase of 95% over the past year, according to a recent report by New World Wealth and Henley & Partners. The report reveals that there are now 172,300 individuals worldwide holding more than $1 million in crypto assets, compared to 88,200 in the
The recent data coming out of Monterey Car Week indicates a noticeable shift in the classic car market. Auction sales during the event dropped by 3% compared to the previous year, with total sales at the five car auction houses falling to $391.6 million from $403 million. This decline is part of a larger trend,