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
Wealth
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
The ultra-wealthy population in China, individuals with a net worth of at least $30 million, is projected to grow by almost 50% in the coming years. Despite facing economic headwinds and slowing growth, where are these wealthy individuals choosing to park their wealth? Currently, wealthy Chinese individuals are taking a more “conservative” approach to investments,
Recently, the United Kingdom is facing a looming crisis as a record number of millionaires are anticipated to leave the country in the upcoming year. Research indicates that the general election scheduled for this year is predicted to exacerbate this exodus. The Henley Private Wealth Migration Report revealed that the UK is set to experience
The iconic British luxury fashion house Burberry Group recently experienced a significant setback as it dropped out of the U.K.’s prestigious FTSE 100 stock market index. This move came after a period of waning sales, management changes, and overall challenges faced by the 168-year-old retailer. The company’s share price has plummeted by over 53% in
In the annals of financial history, few milestones are as remarkable as the ascension of individuals to billion-dollar net worth figures. The term “billionaire” first graced the public lexicon in the early 20th century, with John D. Rockefeller emerging as the first when Standard Oil’s shares soared to astronomical levels in 1916. More than a
Sports team owners are currently facing a myriad of challenges when it comes to succession planning and dealing with taxes. The average age of team owners is on the rise, while team values are skyrocketing into the billions. This combination is intensifying the focus on how to ensure smooth ownership transitions to the next generation
The number of crypto millionaires in the world has skyrocketed by an impressive 95% over the past year, as reported by New World Wealth and Henley & Partners. Currently, there are 172,300 individuals globally who hold more than $1 million in crypto assets, a significant increase from 88,200 millionaires the previous year. Moreover, the number