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Billionaires

March 20, 2018

Global wealth-holders increasingly want secondary passports and residencies, but a new report is warning of the risks to reputations from citizenships on sale.

Global wealth-holders increasingly want secondary passports and residencies, but a new report is warning of the risks to reputations from citizenships on sale.

Just over one-third (34%) of ultra-high net worth individuals already possess a second passport and more than a quarter (29%) were planning to buy one, while one-fifth (21%) are considering emigrating permanently, according to Knight Frank’s annual Attitudes Survey, produced for The Wealth Report.

December 7, 2017

Mars moves in on healthy snacks by investing in Kind, VW expects record sales despite emissions scandal, and which cities contain the most ultra-highnet worth people?

Mars moves in on healthy snacks

Mars, famous for its sweet treats, has invested in a $4 billion healthy snack maker, as it diversifies in the face of growing hostility towards sugar-laden foods.

The terms of the deal, which saw Mars acquire a minority stake in Kind, were not disclosed. The Financial Times quoted “people familiar with the matter” as saying Kind had a value of $4 billion and turned over $700 million a year.

October 31, 2017

Pre-nup popularity increasing to protect wealth; Billionaires return to growth globally; How to avoid “Sudden Wealth Syndrome”

Pre-nup popularity increasing to protect wealth

Pre-nuptial agreements are on the rise among ultra-wealthy individuals and families, especially among people aged under 30 getting married for the first time, a new study finds.

Two-thirds of the 25 English and Welsh law firms surveyed by Forsters’ family team said they had advised their ultra-wealthy and high net worth clients on a greater number of nuptial agreements since 2010.

August 11, 2017

Billionaire faces down tiny fly; Family offices looking to brands, Spanish assets; and Costco founder Jeff Brotman dies suddenly

Billionaire faces down tiny fly

Australia’s richest woman is having her ambitions to export cattle to China foiled by a tiny fly.

Mining billionaire Gina Reinhart wants to ship 300,000 live cattle to China each year, to feed the country’s burgeoning middle class.

August 1, 2017

Mental health and addiction issues are one of the reasons why 90% of family fortunes are lost in the third generation 

Mental health and addiction issues are one of the reasons why 90% of family fortunes are lost in the third generation 

August 9, 2016

A rising taste for entrepreneurialism among billionaires who inherited their wealth is behind a dramatic 29% drop in the number of global billionaires in only two years.

A rising taste for entrepreneurialism among billionaires who inherited their wealth is behind a dramatic 29% drop in the number of global billionaires in only two years.

The new Wealth-X Billionaire Census reported that billionaires whose wealth was inherited comprised only 13% of all global billionaires and 14% of total billionaire wealth.

April 21, 2016

The Arab world’s billionaire families have been revealed in an inaugural survey published by Forbes Middle East.

The Arab world’s billionaire families have been revealed in an inaugural survey published by Forbes Middle East.

With fortunes of up to $8 billion each, the 15 families listed have made their fortunes in an array of sectors, with several running conglomerates spanning multiple industries.

Topping the chart is the Olayan family, who owe their $8 billion to the Olayan Group, built up by the late Suliman Olayan. Along with partnerships with international brands such as Coca-Cola, the group is a stock market and real estate investor.

March 4, 2016

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Microsoft founder Bill Gates, Inditex co-founder Amancio Ortega, and investor Warren Buffett make up the top three with net worths of $75 billion, $67 billion, and $60.8 billion respectively.

July 22, 2015

Majid Al Futtaim Group, the family-owned conglomerate that pioneered Dubai’s indoor ski slope, has set a new benchmark for sustainability in the region thanks to a prestigious accreditation for its City Centre Mirdif shopping mall.

Majid Al Futtaim Group, the family-owned conglomerate that pioneered Dubai’s indoor ski slope, has set a new benchmark for sustainability in the region thanks to a prestigious accreditation for its City Centre Mirdif shopping mall.

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