The wealth of the top 1% may have peaked

LEE SHAU KEE moved to Hong Kong from mainland China in 1948, the year before China’s Communist Party seized control. In 1976 he set up a property company, Henderson Land Development, which helped to develop the tallest building on Hong Kong island and the hotel where Edward Snowden spilled America’s national-security secrets. Mr Lee is […]

How to plug budget holes by managing public wealth better

PROPONENTS OF sovereign-wealth funds like to say that returns from publicly owned assets could in theory displace taxes. In countries that have not struck oil, however, the chance of politicians building up savings rather than running up debt seems remote. Yet states may not need to save in order to enable at least some tax-free […]

‘Kiss your newfound wealth goodbye!’ – Trump warns of economic troubles if Dems win midterms

President Donald Trump has tweeted “newfound wealth” would be lost if people vote for Democrats in midterm elections. His statement has sent many wondering where’s that wealth may be. With the US Senate and House elections inching closer, the President has ramped up his efforts to win swing voters as he bragged about the nation’s […]

Rodrigo Alves net worth: Human Ken Doll and ex Celebrity Big Brother star’s wealth

Rodrigo Alves is a TV personality who has undergone 62 plastic surgeries. He has spent more than £500,000 in his quest to look the way he does, so it’s unsurprising that the Human Ken Doll has a substantial fortune. Alves has an estimated wealth of over £30 million and is financially secure for life. He […]

Switzerland chooses gold bullion over paper wealth backed by US dollar

Another country is betting on physical gold. Switzerland’s pension fund has boosted its investments in bullion, switching from the paper-backed securities in US dollars. Read more “The Swiss government Pension System decided to change from paper gold in the amount of 700 million CHF into physical gold and store it in Switzerland. The 700 million […]