The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows
A record-breaking 128,000 millionaires are expected to relocate in 2024, according to the Henley Private Wealth Migration Report.
Millionaires are abandoning the UK in their droves, new research shows
A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year's election expected to exacerbate...
Gen X stands to gain the most wealth from the $84 trillion wealth transfer
According to Wealth-X, the average age of individuals in North America set to inherit fortunes from parents worth $5 million or more is 46.1 years...
Beatrice Advisors launches to serve millennial and Gen Z investors from diverse backgrounds
Beatrice aims to make education and accessibility paramount since many young inheritors will be new to managing wealth amid the 'great wealth transfer.'
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth...
Shares of Cartier owner Richemont climb on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.
‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.
Family offices become prime targets for cyber hacks and ransomware
With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.
Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy
The mass wealth migration to Florida from New York and other high-tax states has created record demand for household staff in elite Florida enclaves.