Anyone can be a target of financial fraud. People believe that HNWIs are the most secure in terms of financial fraud. Yes and no. Yes, because they have in place a rapid action team to respond to these frauds. No, because their status as HNWIs make them prime targets of...

Running a business, in general, is a big challenge. But, when you run a small business, you’re a fledgling trying to soar higher than before. Everything needs to be taken care of from scratch. From the blueprint of the business to resources, there’s a higher degree of volatility than in...

You’d often hear advice from high-net-worth individuals (HNWIs) not to put all your eggs in one basket. They will ask you to diversify your portfolio of investments. Why? Because it helps to reduce risk and enhance the likelihood of consistent returns. The more spread out your portfolio is, the more...

If you're an aspiring entrepreneur, you will acknowledge the value of brainstorming. Every high-net-worth individual (HNWI) would tell you that you need a plan, not just an idea, to build and run a successful business. And it may very well happen that you don't have a concrete idea, to begin...

Everyone starts small. The beginnings are usually humble and full of new experiences. We use everything within our means and in our knowledge for sustenance. And negotiation is no exception–whether you own a big or a small business. But today, let’s connect to the small business owners out there. No...

Financial downturns can make companies take drastic steps. All kinds of measures are taken to ensure the survival of the company. One of the measures about which you may have heard is the hiring freeze. Apparently, it is pretty clear from the name itself what it means. But let’s make...

We all read about the glamour-studded lives of high-net-worth individuals in media. Their portrayal is that of individuals separated from reality and its concerns. However, this is not true. Yes, their lives work differently because of the vast amount of resources at their disposal. But the picture isn't complete. In...

As of July 02, 2023, with a net worth of roughly $237.7 billion, Elon Musk is the wealthiest person in the world, followed by Bernard Arnault (No. 2, $231.9 billion), Jeff Bezos (No. 3, $153.0 billion); and Larry Ellison (No. 4, $149.2 billion). Bill Gates is the fifth-richest person globally,...

As of July 02, 2023, with a net worth of roughly $93.0 billion, L’Oréal heiress Francoise Bettencourt Meyers is the wealthiest woman in the world, followed by Alice Walton (No. 2, $62.9 billion), Julia Koch (No. 3, $58.1 billion); and Jacqueline Mars (No.4,$39.3 billion). Miriam Adelson is the fifth-richest woman...