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wealth

Billionaire baloney

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.

Europe and Asia see huge wealth losses, but number of global millionaires to shoot up

October 10, 2012

The number of millionaires globally is set to increase by 18 million to 46 million in 2017, despite big falls in wealth over the last year.

That’s according to research by Credit Suisse, which said Europe lost almost $10.9 trillion (€8.4 trillion) in household assets in the year to June while Asia-Pacific shed about $1.4 trillion, as economic uncertainty continued to take its toll.

Rich in Europe see fortunes drop

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.

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.

Happiest Asian millionaires confident of increasing wealth

May 16, 2012

High net worth individuals in Malaysia, India, Indonesia and Thailand are not just the happiest in Asia, they are also confident of tripling their fortunes within the next 10 years.

That’s one of the findings of a survey of 2,800 rich individuals across nine countries in Asia, conducted by wealth industry consultant Scorpio Partnership.

The study found high net worth Malaysians, Indians, Indonesians and Thais as the “most content when it comes to their life-wealth balance”.

Just how rich is the family behind Walmart?

December 12, 2011

The Walton family, which controls the $400 billion-plus retail empire Walmart, is no doubt rich. But just how wealthy the family members are was recently highlighted by an American economist.

According to Sylvia Allegretto at the University of California, the descendants of Sam and James Walton, who founded family business Walmart, have the same net worth as the combined wealth held by the bottom 30% of American earners. In other words, the least wealthy Americans.

Rich are getting richer, report

October 20, 2011

The wealth of the world’s millionaires jumped by $20 trillion to $89 trillion in just one year, according to research from Credit Suisse.

The wealth of the world’s millionaires jumped by $20 trillion (€14.5 trillion) to $89 trillion in just one year, according to research from Credit Suisse.

The bank’s Global Wealth Report also found that there are 84,700 ultra-high net worth individuals, those with net assets exceeding $50 million, across the world.

Read the full story at CampdenFO

Preisser and Williams: Mentoring your heirs will give you a higher rate of return

August 25, 2010

Research on estate transitions is quite specific: 70% of families will lose their assets and their coherence as a family unit following the transition of their estate. Why is this? What are the causes? Unfortunately, the answers to these questions and solving the horrific failure rate are neither obvious nor easy.

While the causes of post-transition failure are puzzling to most families, they are no longer a mystery to researchers: the biggest cause of failure lies in unprepared heirs.

Did your investment knee jerk?

April 30, 2009

Last week’s UK budget has been widely seen as a political budget designed to set the parameters for the country’s general election, due next year. Chancellor Alistair Darling’s headline-grabbing increase in interest rates for the wealthy (the top rate is now 50%) was certainly a knee-jerk reaction to political rather than economic problems.

Last week's UK budget has been widely seen as a political budget designed to set the parameters for the country's general election, due next year. Chancellor Alistair Darling's headline-grabbing increase in interest rates for the wealthy (the top rate is now 50%) was certainly a knee-jerk reaction to political rather than economic problems.

Women take the lead in family wealth management

April 23, 2009

Novelist Edith Wharton once wrote that the only way not to think about money is to have a great deal of it. While this may have been the case during the US author’s lifetime, which ended just after the Great Depression, wealthy women in the post-credit crunch world are not only thinking hard about the money they have, they are taking control of it too.

Novelist Edith Wharton once wrote that the only way not to think about money is to have a great deal of it, writes Marc Smith. While this may have been the case during the US author's lifetime, which ended just after the Great Depression, wealthy women in the post-credit crunch world are not only thinking hard about the money they have, they are taking control of it too.

Affluent women take control of family wealth

April 16, 2009

Women of exceptional affluence are increasingly taking control of wealth management in their families, reflecting larger societal shifts that have taken place over the last few decades according to a new study.