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
Wealth
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
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