Money and Wealth

This weekend, the wedding of Anant Ambani and Radhika Merchant in Mumbai drew international attention, highlighting the lavish nature and significant economic impact of Indian weddings. This spotlight on an Indian wedding provides a backdrop for exploring the phenomenon of destination weddings among wealthy Indian families, their market size, economic...

Recent Federal Reserve data reveals that a net worth of at least $3,795,000 places you in the top 5% of U.S. households. While this figure is impressive, it pales in comparison to the wealth held by the ultra-affluent. Wealth Breakdown Top 1% Echelon: To join the top 1%, a net...

Gen Z, those born between 1997 and 2012, is poised to become the wealthiest generation ever, according to NielsenIQ's recent "Spend Z" report. The report projects that Gen Z will experience the fastest growth in spending power, expected to reach $12 trillion by 2030, surpassing baby boomer spending by 2029....

The wealthiest farming family in California, Stewart and Lynda Resnick, are planning to significantly expand an industrial warehouse complex to transform the small town of Shafter into an international trading hub. The Resnicks, who own The Wonderful Company, already possess a large distribution center in Shafter, northwest of Bakersfield. The...

A perfect spot near the Cypriot southern coast, almost three times the size of Buskett Gardens in Malta, is being transformed into a luxury golf resort known as Limassol Greens. This ambitious project is a collaboration between some of Malta's wealthiest businessmen and one of Cyprus's largest development companies. Alec...

According to the 2023 Global Wealth Report by Swiss bank UBS, Belgium stands out as one of the wealthiest countries in the world, consistently performing well in terms of median wealth. This metric, which represents the midpoint of the wealth distribution, highlights Belgium's strong position. In 2023, Belgium's median wealth...

The United States boasts the highest number of billionaires globally, while Switzerland leads in average wealth per person. Germany also ranks prominently in these metrics. According to the latest Global Wealth Report by Boston Consulting Group (BCG), Germany is home to around 3300 billionaires. In contrast, the USA has approximately...

Zhong Shanshan, the head of Nongfu Spring and China's wealthiest individual, has experienced a significant decline in his fortune, losing up to $20 billion since early May. This downturn stems from investor skepticism about the company's aggressive pricing strategy for new bottled water products. Despite this setback, Zhong, aged 69,...

Recent financial data from Roy Morgan's Wealth Report indicates that Macquarie Bank boasts the wealthiest customers among the larger banks, with a per capita net wealth of $943,000 as of March 2024. Macquarie's clientele not only enjoy higher incomes than those of other major banks but are also more likely...

By 2025, reaching the top 2% of wealth in the United States will require a net worth of around $2.7 million, signifying an elite economic status. In contrast, a recent Schwab Modern Wealth Survey indicated that Americans generally consider $2.2 million as the threshold for feeling wealthy. Net worth, a...