In recent years, a significant generational shift has occurred in the realm of philanthropy. Wealthy millennials and Generation Z are not simply content with the previous models of giving; they are emerging as proactive figures in the charitable sphere. A survey conducted by Bank of America Private Bank reveals that those under 43 harness a
Wealth
Rolls-Royce, the British luxury automobile manufacturer synonymous with elegance and exclusivity, has unveiled its first U.S. “Private Office” in Manhattan’s prestigious Meatpacking District. This hidden gem serves as a specialized design studio for affluent clients desiring uniquely tailored vehicles that reflect their personal style and preferences, completely transforming the customer experience into one of exceptional
The recent surge of interest in artificial intelligence (AI) has captured the attention of significant investors worldwide, none more so than Laurene Powell Jobs. As the founder of the Emerson Collective, Powell Jobs is not just inheritor of a fortune but an influential philanthropist and investor with a keen eye on technology. The decision to
In the lead-up to the upcoming election, a recent UBS survey has revealed intriguing insights into the political inclinations of millionaire investors, a demographic with at least $1 million in investable assets. While a substantial majority appear poised to support Vice President Kamala Harris, many provide a more favorable evaluation of former President Donald Trump’s
Recent data suggests that family offices, the specialized investment entities serving affluent families, are cultivating a newfound optimism after a prolonged period of uncertainty. According to Citi Private Bank’s 2024 Global Family Office Survey, a staggering 97% of family offices anticipate favorable market conditions this year, with almost half projecting double-digit returns. This reinvigorated outlook
In the past decade, the landscape of wealth has dramatically shifted, particularly with the expansion of the so-called ‘centimillionaire’ class—individuals possessing liquid assets amounting to $100 million or more. A recent report by New World Wealth and Henley & Partners highlights a staggering 54% increase in this ultra-high-net-worth demographic, culminating in a total of 29,350
In the world of high-net-worth individuals, the current political landscape is causing a significant shift in tax planning strategies, particularly in the realm of estate taxes. As the race for the presidency heats up, fears surrounding potential changes in tax policy are driving the ultra-wealthy to reconsider their estate planning before deadlines tighten. This article
China’s ultra-wealthy population, defined as those with net worths of at least $30 million, is projected to see an extraordinary 50% increase in the coming years, rising from roughly 98,551 in 2023 to around 144,897 by 2028, according to a recent Knight Frank wealth report. This surge exists alongside a backdrop of a stagnating economy
In recent years, the United Kingdom has witnessed a notable transformation in its status as a financial haven for the wealthy. The Henley Private Wealth Migration Report reveals that the net loss of high-net-worth individuals (HNWIs) in Britain is set to reach 9,500 in 2024, an alarming figure that more than doubles the previous record