Colombia Emerges as the Wealth Hub of Latin America In defiance of misconceptions and global trends over the past five years, the number of millionaires in Colombia has grown by 39%, whereas worldwide they declined by 0.3%. Despite a global recession, regional economic volatility and Colombia’s internal instability and drug wars, the number of millionaires […]
By Xie Yu HONG KONG (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency. The trend became evident last year but has accelerated in recent […]
By Xie Yu HONG KONG (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency. The trend became evident last year but has accelerated in recent […]
Trump’s fundraising email subjects veer from hugs to guillotines. What to know about mifepristone after the Supreme Court struck down a challenge to accessing the abortion pill. And a landslide in Wyoming deepens the disparities between the ultrawealthy and local workers. Here’s what to know today. Trump’s fundraising emails are a roller coaster Photo illustration […]
Older Americans are stashing thousands around the house. Here’s why this practice can lead to lost wealth Adrienne Volpe almost threw out her grandmother’s collection of books after she passed away — a decision that could have lost her a small fortune. “My grandmother had pressed thousands of dollars in single bills inside books,” Volpe […]
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash? When managing significant wealth, maintaining cash on hand is a crucial strategy. High-net-worth individuals (HNWIs), defined as those with at least $1 million in liquid financial assets, often keep a portion of their portfolio in cash. This approach ensures liquidity and addresses […]
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(Bloomberg) — Norway’s $1.7 trillion sovereign wealth fund said it would vote against the $56 billion pay package for Tesla Inc. Chief Executive Officer Elon Musk, adding to opposition for the carmaker ahead of its annual general meeting next week. Most Read from Bloomberg “We remain concerned about the total size of the award, the […]
By Louise Rasmussen and Gwladys Fouche OSLO (Reuters) -Norway’s $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla’s eighth-biggest shareholder, according […]
(Bloomberg) — Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion. Most Read from Bloomberg Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of $106.1 billion, […]
(Reuters) – U.S. household wealth rose to a record of more than $160 trillion in the first three months of 2024 thanks to the stock market’s record run and gains in real estate, Federal Reserve data showed on Friday. Household net worth rose 3.2%, or by $5.1 trillion, with the appreciation of equity holdings accounting […]
Investors often try to get rich quick, buying shares of stocks that are rocketing higher. The problem is that those stocks sometimes flame out in the end. A more reliable way to build generational wealth is to have a strong foundation of boring, reliable companies. It’s even better if those companies pay dividends that can […]