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rich list

April 23, 2013

Billionaire Russians, commodity dealers and property magnates are pushing family business owners out of the list of the richest individuals in the UK, according to an analysis of the annual Sunday Times Rich List.

Billionaire Russians, commodity dealers and property magnates are pushing family business owners out of the list of the richest individuals in the UK, according to an analysis of the annual Sunday Times Rich List.

Out of the top 100 wealthiest individuals in the list, 40 were either owners of a family business or their fortune was connected to such a business. That compares to 53 individuals in last year’s list.

March 6, 2013

As spectator sports go, reading rich lists is a pretty grim one. Poring over stories about others peoples’ billions is an odd pastime, vulgar and vaguely dirty. There’s also a 300-foot-high flashing neon question-mark over whether they are even accurate.

As spectator sports go, reading rich lists is a pretty grim one. Poring over stories about others peoples’ billions is an odd pastime, vulgar and vaguely dirty, which seems to appeal to the sort of boggle-eyed saddo who is obsessed with money for its own sake. There’s also a 300-foot-high flashing neon question-mark over whether they are even accurate.

January 3, 2013

This year is being touted as the one of recovery, but for the world’s richest people 2012 proved quite a good year. 

This year is being touted as the one of recovery, but for the world’s richest people 2012 proved quite a good year.

In fact, according to the Bloomberg Billionaires Index, a daily ranking of the 100 wealthiest individuals globally, the world’s richest got even richer last year – boosted by huge rises in global stock markets.

Overall, they added $241 billion (€183 billion) to their collective net worth, to a total of $1.9 trillion at the market close on 31 December.

October 17, 2012

Think Carlos Slim is rich? Well meet Mansa Musa I of Mali – the richest person in history.

Think Carlos Slim is rich? Well meet Mansa Musa I of Mali – the richest person in history.

His name might leave you scratching your head in confusion, but Mansa Musa, a 14th century African king, topped the 25 Richest People of All Time list by website Celebrity Net Worth.

July 4, 2012

The economic growth rates in India may be slowing, but if recent research is to be believed, there is no downturn for the very wealthy in the country.

The economic growth rates in India may be slowing, but if recent research is to be believed, there is no downturn for the very wealthy in the country.

A report released this week by the wealth management division of Kotak Group, a financial services company, and Crisil, a research agency, suggested the overall fortunes of ultra-high net worth households in India would increase five-fold by 2016/2017 – from the current 65 trillion Indian rupees (€950 billion) to 318 trillion Indian rupees.

June 20, 2012

Many wealthy baby boomers are considering not leaving their children an inheritance in favour of giving their money to charity.

Many wealthy baby boomers are considering not leaving their children an inheritance in favour of giving their money to charity.

That’s one of the findings of research by US Trust, part of the global wealth and investment management unit of Bank of America, which looked at 642 Americans with at least $3 million (€2.36 million) in investible assets and found big variations in how different generations view wealth transfer.

June 19, 2012

The ongoing eurozone crisis has affected the fortunes of high net worth individuals in Europe, with their overall investible wealth declining by 1.1% last year.

The ongoing eurozone crisis has affected the fortunes of high net worth individuals in Europe, with their overall investible wealth declining by 1.1% last year.

That’s according to the World Wealth Report 2012, released on 19 June by Royal Bank of Canada's wealth management division and consultants Capgemini.

May 3, 2012

The combined fortunes of Indonesia’s ultra-high net worth population grew by 47% last year, as the Asian country benefited from the commodities boom.

The combined fortunes of Indonesia’s ultra-high net worth population grew by 47% last year, as the Asian country benefited from the commodities boom.

There are now an estimated 775 individuals resident in Indonesia worth at least $30 million (€22.9 million), an increase of about 50 people since the release of the World Ultra Wealth Report 2011.

March 8, 2012

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

That’s according to the latest Forbes billionaires list, released on 7 March, which showed that 14 of the top 20 on the list had family-controlled groups responsible for their wealth.

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