Money and Wealth

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...

"Inside Out 2" has surged to the top of the 2024 box office charts, surpassing "Dune: Part Two" to claim the highest-grossing film title of the year. The animated sequel has amassed a staggering $1.2 billion, making it the fifth highest-grossing animated film globally and the tenth highest at the...

Canada's latest high world ranking brings concerning news, as a report from Desjardins Financial Services reveals that the nation has the third-highest household debt levels globally, trailing only Switzerland and Australia. This follows a May 2023 report from the Canada Mortgage and Housing Corporation (CMHC), which highlighted that Canada had...

In late June, Buffett announced that he had donated Berkshire Hathaway shares valued at approximately $5.3 billion. This donation, along with a slight decrease in the value of his stock, resulted in Buffett dropping three spots to rank No. 10 among the world's richest individuals as of July 1. This...