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This article was published online on February 12, 2021. In the mid-1990s, when I was in middle school, my family moved to the suburbs of Seattle, where my father had gotten a job at Boeing. My parents would drive my sister and me down I-90 to the Bellevue Square mall on weekends, and I’d sit […]
Many über-rich people don't outsource their wealth — they hire their own chief investment officers. These money managers fly under the radar, but their investment decisions range from buying sports teams to picking hedge funds. Insider's Hayley Cuccinello got to know 10 CIOs who control the vast personal fortunes of some of the richest Americans. […]
In many countries their share of wealth is now falling
In many countries their share of wealth is now falling
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 […]
Getting the most from government assets requires a new perspective on fiscal policy
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 […]
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 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 […]
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 […]
