In a strategic move away from mass production, Rolls-Royce has introduced its inaugural U.S. “Private Office” located in Manhattan’s Meatpacking District. This sophisticated design studio caters specifically to the high-net-worth clientele aiming for tailor-made vehicles. In an automotive landscape where luxury doesn’t just mean opulence but personalized artistry, Rolls-Royce is striving to redefine what it
Wealth
The financial strategies and investment trajectories of high-net-worth individuals often mirror broader economic trends, and Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, is no exception. With a current net worth of approximately $11.5 billion, Powell Jobs has emerged as a significant player in the realm of artificial intelligence (AI) investment since 2022.
Recent findings reveal a notable dichotomy among millionaire investors regarding their political preferences, particularly when it comes to economic assessments. A new UBS survey has uncovered that a substantial majority of affluent individuals—those possessing at least $1 million in investible assets—are inclined to support Vice President Kamala Harris in the upcoming election, even while acknowledging
In a notable shift from previous years of caution and cash hoarding, family offices are now warming up to aggressive investment strategies as they anticipate the end of a prolonged phase of economic uncertainty. A recent survey conducted by Citi Private Bank reveals that a staggering 97% of family offices expect positive investment returns for
In the last decade, the landscape of ultra-wealth has changed dramatically, driven primarily by economic growth in select regions, notably China and the United States. According to a recent report by New World Wealth along with investment migration advisory firm Henley & Partners, the number of individuals classified as centimillionaires—those with investable wealth exceeding $100
As the political landscape shifts with the tightening presidential race, the ultra-wealthy are increasingly turning their attention to tax planning, particularly concerning the estate tax. With mounting apprehension about a potential rise in estate taxes, affluent investors are taking proactive steps to strategize their finances. Experts note that the approaching expiration of a significant estate
The ultra-wealthy population in China, those individuals with a net worth of at least $30 million, is expected to increase by almost 50% in the coming years. Projections from a recent Knight Frank wealth report indicate that the number of ultra-rich individuals in China will rise to 144,897 by 2028 from 98,551 in 2023. This
The United Kingdom is facing a troubling trend, as a record number of millionaires are expected to leave the country in 2024. This is according to the Henley Private Wealth Migration Report, which predicts a net loss of 9,500 high-net-worth individuals this year. This marks a significant increase from the 4,200 millionaires who left the
Burberry Group, a renowned British luxury fashion house, faced a major setback as it dropped out of the U.K.’s FTSE 100 stock market index after a 15-year stint. The company’s downfall was attributed to waning sales, multiple management changes, and a significant decline in its share price. With a current market cap of £2.34 billion
Back in 1916, the world marveled at the announcement of the first billionaire, John D. Rockefeller, reaching a wealth milestone previously thought to be unattainable. Fast forward to the present day, and we now have the looming question of who will be the first trillionaire. The fascination with this prospect is palpable, with several companies