Henley warn of visa wars

Henley & Partners, the global residence and citizenship advisory firm, says the vote by the European Parliament to end visa-free travel for Americans to EU countries will have a major impact on global mobility, especially the travel freedom currently enjoyed by US and possibly even EU citizens, if US president Donald Trump retaliates in kind. […]

Wealth goes down under

New Zealand can expect to see a 70 percent rise in ultra-wealthy individuals over the next decade. International property consultancy Knight Frank said New Zealand and Australia’s healthy economies and attractive lifestyle were proving attractive with the super-rich. In addition, New Zealand was listed among the most popular second home locations for UHNWIs. “The ongoing […]

More Irish billionaires than ever

The combined wealth of Ireland’s richest 300 individuals and families reached €77 billion last year. The total riches of the top 250 are now greater than at any time in history, beating the previous year, which exceeded the peak of the Celtic tiger era. The Sunday Times Rich List, which has measured Irish wealth annually […]

The power of compounding

With a sound investment strategy, compounding has enabled Warren Buffett, who is 84, to accrue more than 98% of his wealth since his 56th birthday. Over the weekend, the famed value investor and the second richest man on the planet released his annual letter to Berkshire Hathaway shareholders. As is customary, the first page displayed […]

Listing the oil oligarchs

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources, Zainab Calcuttawala writes. As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. […]

Hong Kong leads Asia

Hong Kong is home to the largest number of super rich in Asia with 4,080 ultra high net worth individuals who own three homes on average, compared with four in Taiwan, and three in Singapore. On a global scale, Hong Kong, where luxury real estate is the second priciest in the world after Monaco, ranks […]

Millionaires flee France

There’s been a surge in the number of millionaires around the world who are moving countries, reports. Some 82,000 high-net-worth individuals, defined as those who have assets over $1 million, left their home countries last year, versus 64,000 in 2015, according to the “Global Health Review: Worldwide Wealth and Wealth Migration Trends.” published by […]

UHNWs bounce back

Despite global political and economic uncertainties in 2016, the population of ultra-high-net-worth Individuals—defined as those with $30 million or more in net assets—grew by 6,360 to 193,490, reversing a 3% decline in 2015, according to a report released on March 1 by real estate consultancy Knight Frank. “The momentum gained in wealth creation in 2016, […]

China’s politicians amass huge wealth

The fortunes of the richest 100 members of China’s parliament and its advisory body – all dollar billionaires – grew about 64 percent in the four years since Xi Jinping rose to power, according to data from an organisation tracking wealth in China. Xi has overseen a crackdown on corruption and decadence, and made the […]

Super-rich will flock to London – report

The super-rich will continue to flock to London, despite the political and economic concerns around the UK’s intention to leave the European Union, according to a report published on Wednesday by property broker Knight Frank. The number of ultra-wealthy people — those with $30 million or more who private banks such as UBS and Citigroup […]