Money and Wealth

A recent study by Global Finance, which analyzed the Gross Domestic Product purchasing power parity (GDP-PPP) worldwide, revealed that Luxembourg claimed the title of the world's most affluent country in 2024. With a staggering GDP per capita of $143,743, Luxembourg's wealth is nearly double that of the UK, where the...

Elon Musk is projected to become the world's first trillionaire by 2027, largely driven by the remarkable rise in Tesla’s stock value. His net worth, estimated at around $265 billion as of last month, continues to climb, reflecting the stock market’s influence on his wealth. This trend has brought wealth...

Sarath Ratanavadi has solidified his position as Thailand's wealthiest individual, driven by the anticipated completion of the merger between his energy and telecom companies. His net worth has soared to over $16 billion, reflecting an increase of approximately $7 billion in just three months. This significant rise followed a 52%...

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...