You've searched for
wealth
Try a different search term for better results
India’s Strategic Trade Deal with Europe’s Wealthy Countries Bolsters Global Ties
India recently inked a pivotal trade agreement with the European Free Trade Association (EFTA), involving Iceland, Liechtenstein, Norway, and Switzerland.
This landmark deal, formalized in...
Wealth Flight and Future Prospects in Africa
Over the past decade, Africa has seen about 18,700 high-net-worth individuals leave the continent.
They left due to falling local currencies and weak stock markets....
From Riches to Rags: Vietnam’s Death Sentence for Wealthy Businesswoman
In a significant legal ruling, a court in Vietnam sentenced Truong My Lan to death for embezzling an estimated $12 billion.
Starting as a humble...
The U.S. Sun Belt Shines: Wealth and Millionaires on the Rise
The Sun Belt, a region spanning from California to Florida, has seen an influx of millionaires, making it a prime area of wealth in...
Europe’s Wealthy Non-EU Countries Eye Strategic Trade Ties with Mercosur
EFTA nations, comprising Iceland, Liechtenstein, Switzerland, and Norway, are actively pursuing a trade agreement with Mercosur during their discussions in Brazil.
This collaborative effort aims...
The Diverging Fortunes of Latin America’s Ultra-Wealthy
In 2023, Latin America uniquely witnessed a decline in Ultra-High-Net-Worth Individuals (UHNWIs), those with over $30 million in assets.
This stood in contrast to North...
Bezos Tops Wealth Rankings Again
Jeff Bezos, Amazon's founder, clinched the world's wealthiest title again with a $200 billion fortune on March 5, 2024, overtaking Elon Musk.
Musk, known for...
Wealthy Brazilian States’ Governors Form Regional Pact for Stricter Crime Laws
Brazil's southern and southeastern state governors, tired of the rising power of gangs, have formed a Regional Security Pact to combat organized crime.
Launched this...
Wealth Entry Threshold for Global Elite Rises
A Knight Frank study reveals that securing a place in the United States' top 1% now requires at least $5.8 million, marking a nearly...
Wealth Taxes in Latin America: A Strategic Overview
Latin America employs diverse strategies for taxing wealth. Colombia, Uruguay, and Argentina tax overall wealth.
Chile, Mexico, and Peru focus on specific assets, like real...
G20’s Wealth Tax Debate: A Shift Towards Equality
At a recent G20 finance ministers' gathering, wealthier countries resisted efforts to reform tax systems to bridge the inequality gap.
Oxfam Brazil's research reveals a...
Latin America’s Inheritance Wealth Surge
In Latin America, over half of the billionaires, 53.8%, inherit their fortunes, a rate higher than the global average of 37.3%, surpassing the United...
Vietnam’s Unprecedented Wealth Surge
Vietnam is on track to experience the world's most significant wealth growth in the next decade, with an anticipated 125% increase, surpassing giants like...
Brazil’s Wealth Gap Widens
Brazil's top 0.01% of earners, merely 15,000 individuals out of 212 million, saw their income soar by 96% in recent years.
This rate starkly contrasts...