Luxury brands are no longer the luxury goods of the rich, they are also the filhiest of filth.Luxury goods like jewellery, cars and designer bags are being marketed to people who are filthy rich and they are not good for them, a new report has found.The report by the Australian Institute of Economic and Social […]
Rich people aren’t the only ones whose wealth is on the rise.The wealth of people in the US is soaring, and some are getting richer faster than others.That’s according to new wealth study by wealth enrichment group Wealth Partners, a wealth management company that advises rich people on how to invest their money.Among its findings, […]
You’re in a business, you want to sell a certain type of product.The product you’re selling requires a certain level of trust and legitimacy.You know it’s worth your while to try and sell that product, and you know there are some who have a good chance of making a profit from it.But what if you […]
LATIN FOOTBALL: Desjardin’s family wealth gap was widest in 2009, according to a study by the American Enterprise Institute.It was widest when he was in his 60s.What’s the generational wealth gap?There are several ways to look at the generational gap.One is to look across generations.But in the United States, a recent study from the University […]
Rich people are now an increasingly important part of Singapore’s wealth ecosystem, but a new report has highlighted the extent to which the country has not yet taken advantage of the global trend.The report from Wealth and Power, an independent research and consultancy firm based in Singapore, found that the number of wealthy individuals in […]
The global wealth transfer industry is booming.More than $1 trillion is now held by households, businesses and institutions around the world.Some of the biggest names include Vanguard Group, BlackRock, Vanguard Total Return and Bank of America Corp. But there are many others.Some have their roots in China, while others are based in Switzerland, the Netherlands, […]
Wealth management company Legacy Wealth Management has come under fire for claiming its Wealth Builder service is more than 30 times more accurate than what it says it is.A report from The Times of London on Tuesday revealed that Legacy Wealth has claimed to have helped millions of people save more than $2 trillion.Its website […]
The U.S. Department of Justice is investigating a Colorado sanctuary city’s efforts to shield its wealthy residents from deportation.A U.N. report found that sanctuary cities were failing to adequately protect immigrants from violence and crime.The report is expected to be released this week.The city of El Paso, Texas, was also named in the report.A federal […]
UNITED STATES — Chinese billionaires have been the world’s richest for more than a decade, according to a new analysis by CNBC.The ranking was published on Thursday.The U.S. is still second, with a wealth distribution of just under $4 trillion.Singapore’s wealth is a fraction of the $8.7 trillion global, and the report’s authors say it’s […]
US Defense Secretary James Mattis is expected to propose boosting spending for the military in a budget bill expected to be unveiled Wednesday, including plans to add a new aircraft carrier and expand its missile defense.A senior administration official told Reuters the proposed defense budget would include a boost in the number of F-35s, and […]
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