In a rapidly transforming technological arena, Chinese smartphone manufacturers are taking significant steps in enhancing their devices through the integration of artificial intelligence (AI). This move not only represents a leap in innovation for local consumers but also serves as direct competition against established players like Apple. With the anticipated launch of Apple Intelligence on
Wealth
Recent trends in philanthropy unveil a significant transformation in how young wealthy individuals approach charitable giving. Unlike their predecessors, millennials and Generation Z are prioritizing engagement and activism over mere financial contributions. A revealing survey conducted by Bank of America Private Bank indicates that these affluent individuals, typically under 43 years old, participate actively in
Rolls-Royce, a name synonymous with opulence and excellence in automotive design, is making an ambitious leap into the world of extreme personalization with the launch of its first U.S. “Private Office.” Tucked away in Manhattan’s chic Meatpacking District, this innovative VIP design studio is part of the brand’s strategy to prioritize higher-value sales over sheer
Laurene Powell Jobs, an influential figure in both philanthropy and investment, has recently intensified her focus on artificial intelligence (AI) through her family office, the Emerson Collective. This organization, which operates at the confluence of investment and social change, has significantly ramped up its investment activities in AI startups since 2022. Data sourced from the
A recent UBS survey reveals intriguing voting intentions among millionaire investors, highlighting the dichotomy between electoral choices and economic perceptions. While a significant 57% of wealthy investors are inclined to cast their votes for Vice President Kamala Harris this November, 43% still favor former President Donald Trump. This statistic is particularly striking given that the
The recent trends among family offices—the private investment entities of affluent families—signal a stark shift in their investment approach as we transition into 2024. A new survey from Citi Private Bank paints a picture of optimism, with family offices emerging from a period of cash hoarding and recessionary fears. This newfound bullishness reflects an appetite
Over the past decade, the phenomenon of extreme wealth accumulation has transformed the global economic landscape, particularly highlighting the emergence of centimillionaires—individuals boasting investable assets of $100 million or more. A recent report by New World Wealth in conjunction with investment migration expert Henley & Partners elucidates this striking trend, revealing that the number of
The financial landscape for ultra-wealthy individuals is increasingly complex, particularly with looming changes to estate tax regulations. Amid an uncertain political environment, high-net-worth families are now re-evaluating their tax planning strategies in light of an anticipated reduction in estate tax exemptions. With various socio-political factors contributing to this urgency, understanding the best course of action