Money and Wealth

Australia’s richest woman, Gina Rinehart, continues to expand her wealth, driven by a staggering property portfolio that spans from vast cattle stations to luxurious real estate. As a mining magnate with a fortune exceeding $34 billion, Rinehart has built a sprawling empire that keeps her cash flow booming. One standout...

India’s 100 richest tycoons have set a new milestone, with their combined wealth surpassing the $1 trillion mark for the first time. This surge in wealth was driven by investor optimism following Prime Minister Narendra Modi’s third-term victory in June, achieved with the support of a coalition. The stock market...

A recent study conducted by the Institute of Policy Studies (IPS) has uncovered significant imbalances in Sri Lanka’s Public Service Pension distribution, revealing that nearly 50% of the benefits are concentrated among the wealthiest 20% of the population. The IPS study aimed to assess the fairness of tax policies and...

A newly released report from Global SWF on October 8, 2024, revealed that Abu Dhabi holds the title of the richest city globally in terms of sovereign wealth fund (SWF) assets, managing a staggering $1.7 trillion. The ranking, based on data and analysis from industry experts, highlighted the significant capital...

Sixty of the UK's wealthiest individuals collectively paid more than $3.9 billion in income tax during the 2021/22 fiscal year, contributing a significant share of the nation's tax revenue. Each of these high earners reported an income of approximately $65.4 million, though many likely earned far more and contributed through...

Among the 100 richest people in the United States, three sports billionaires have made their mark, with NBA legend Michael Jordan standing out as the only athlete to appear on the list of the wealthiest individuals in the country. Stanley Kroenke, a powerhouse in both sports and real estate, ranks...

A recent analysis from the Allianz Global Wealth Report 2024 highlights Singapore’s position as a financial powerhouse, ranking fourth globally in terms of financial assets. Data for the Allianz report was sourced from a range of institutions, including Eurostat, national central banks, financial supervisory authorities, and Allianz Research. According to...

Tilman Fertitta, owner of the Houston Rockets and head of the Landry's hospitality empire, has ascended to the position of Houston's wealthiest person, according to recent rankings of the country’s richest individuals. Fertitta’s net worth is now estimated at $10.1 billion, placing him 99th in the United States and 12th...

DBS Hong Kong has announced the appointment of Kuok Khoon Hua to its board of directors, effective immediately. Kuok, the son of Malaysia’s wealthiest individual, Robert Kuok, takes on this role while maintaining his prominent leadership in several major companies. Currently, Kuok serves as chairman and CEO of Kerry Properties,...

Miami has once again captured the attention of Latin American investors and entrepreneurs, but this time, its appeal stretches beyond the usual focus on real estate. Wealthy families, including the founders of prominent companies such as Ecuador’s Bonita Banana, Guatemala’s Pollo Campero, and Panama’s Copa Airlines, are set to gather...