Managing money effectively is critical for everyone, but high-net-worth individuals (HNWs) have a few advantages that set them apart. They are usually very successful in managing their wealth and preserving it for the long term through a few savvy money management strategies. Let’s take a closer look at five of...

When I ask business owners about their goals, one of the biggest things they tell me is that they want to make more money and grow their wealth. But when I then ask how much time they spend working on this goal, by getting close to the numbers and being...

Let us think... The Sustainable Development Goals (SDGs), with the objective to end poverty by 2030 were adopted by the United Nations Member States in 2015. Today’s complex challenges from stemming the spread of disease to preventing conflict cannot be tackled neatly in isolation. For UNDP, this means focusing on...

I would be remised if I did not share an article in the month of May focusing on mental health from a Chief Executive Officer’s perspective.  I have been a Chief Executive Officer (CEO) since 2010 and I remember very vividly the day that I chose bravely to launch my...

It has been reported that Morgan Stanley will be reducing its global workforce by about 3,000 jobs in the second quarter through a new round of job cuts. As of the end of March, the bank employed over 82,000 people. Unfortunately, a layoff is coming that will impact almost 4%...

We often get carried away by emotions regarding the stock market. The market is making remarkable gains so are your investments. Life couldn't be better. But those who have been on the field for a long time know how unpredictable the market can be. Even when we predict the future...

As of May 1, 2023, Mark Mateschitz was the wealthiest person in Austria, with an estimated net worth of 35.9 billion U.S. dollars, followed by Georg Stumpf (No. 2, $9.0 billion), Johann Graf  (No. 3, $7.3 billion); and Rene Benko (No. 4, $6.1 billion). Helmut Sohmen is the fifth-richest person in Austria,...

As of May 1, 2023, with a net worth of roughly $236.7 billion, Bernard Arnault is the wealthiest person in the world, followed by Elon Musk (No. 2, $174.5 billion), Jeff Bezos (No. 3, $128.5 billion); and Larry Ellison (No. 4, $118.3 billion). Warren Buffett is the fifth-richest person globally,...

As of May 1, 2023, with a net worth of roughly $95.2 billion, L’Oréal heiress Francoise Bettencourt Meyers is the wealthiest woman in the world, followed by Alice Walton (No. 2, $61.2 billion), Julia Koch (No. 3, $59.0 billion); and Miriam Adelson (No.4,$38.4 billion) Jacqueline Mars is the fifth-richest woman...