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SWITZERLAND, which developed cross-border wealth-management in the 1920s, was once in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have been spoilt for choice: they can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically. But it has been […]
Mike Hewitt/Getty HONG KONG (Reuters) – The number of millionaires in the world risen by nearly 8% last year to an all-time high of around 16.5 million people, with record total wealth of $ 63.5 trillion (£47.53 trillion), according to a report by global consultancy firm Capgemini. The wealth of high net worth individuals (HNWI) — […]
Reuters The sovereign wealth fund of Norway, officially known as the Government Pension Fund of Norway, is the largest in the world. It allocates the country’s vast oil wealth into bonds, stocks, and to a growing extent, property. It is known to be able to move entire asset markets by its investment decisions. Yesterday, the […]
Reuters/Kai Pfaffenbach (Reuters) – The value of Norway’s sovereign wealth fund, the world’s largest, hit $ 1 trillion for the first time on Tuesday as booming global stock markets and a rising euro lifted its assets. Established in 1998 to save oil and gas revenues for future generations, the wealth fund is now worth about […]
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Startups with robo-advisor products are failing to live up to their initial promise. As solutions proliferate and consumer adoption remains slower than expected, many firms are re-examining and updating their strategies […]
More than two fifths (44 per cent) of people have recently started focusing on improving their physical health in some way, but only 39 per cent are concerned about planning for their future financial security, according to a survey of more than 1,000 people aged between 40 and 65. Over half (58 per cent) of […]
This story was co-published with The Real Deal. In April 2016, as Donald Trump was on the cusp of clinching the Republican nomination for the White House, he sold two luxury condos near Manhattan’s Central Park for less than half the price his company had said they were worth. The lucky buyer: Trump’s son, Eric. […]
More than just a bizarre name, “PlayerUnknown’s Battlegrounds” is a brilliant concept. It’s no surprise that the game — which still hasn’t officially launched — has already racked up over $ 100 million in revenue. This is a game that’s exclusively available on PC and isn’t even finished with development, yet it’s already being played […]
Hong Kong’s wealth gap has widened to a historic high, with the richest household now earning about 44 times what the poorest family scrapes together, despite government efforts to alleviate poverty. The government’s findings put the city behind New York as the world’s second-most unequal city in terms of income, according to the household income […]
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