Articles for Wealth

From the world's richest to fifth: The ups and downs of Bernard Arnault
17 hours, 44 minutes ago

From the world's richest to fifth: The ups and downs of Bernard Arnault

India Today  

Once the world’s richest person, Bernard Arnault, chairman and CEO of luxury goods giant LVMH, has seen his fortune take a dramatic hit in 2024. THE RISE AND FALL OF A LUXURY MOGUL Arnault first claimed the title of the world’s richest person in August 2021, fuelled by soaring luxury goods sales in Asia. He is the sole representative of …

Luxury Billion
Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report
2 days, 7 hours ago

Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report

ABP News  

More than 15 per cent of the high networth individuals in the country are aged under 30, a recent report said. Prashant Thakur, Regional Director and Head of Research, Anarock Property Consultants, noted, “A dynamic mix of young entrepreneurs, tech pioneers, and seasoned industrialists driving the expansion in affluent population.” The study found that 20 per cent of the Indian …

India Indian Report Cent 15 Per Cent Uhni Hnis
Here's why 2025 could be start of the 'Great Downsizing,' says ANDREW OXLADE
3 days, 10 hours ago

Here's why 2025 could be start of the 'Great Downsizing,' says ANDREW OXLADE

Daily Mail  

Britain faces many pressing financial challenges. Rents have surged by about 28 per cent in four years, taking the average monthly cost to £1,330, says the Office for National Statistics. Andrew Oxlade says the 'Great Wealth Transfer' could begin in 2025 Buying your first home has always been hard. You also pay less than the full 40 per cent rate …

Tax Pension Average Cent Inheritance Tax Ted Pensions
Strict laws for women's welfare, not to threaten, extort husbands: Supreme Court
Trending News
3 days, 17 hours ago

Strict laws for women's welfare, not to threaten, extort husbands: Supreme Court

India Today  

The Supreme Court on Thursday underscored that laws enacted for the welfare of women should not be misused as instruments of harassment, intimidation, or extortion against their husbands. The Supreme Court's observations came amid the massive outrage of a techie, Atul Subhas, who alleged that his estranged wife and her family demanded Rs 2 lakh in monthly maintenance, later increasing …

Supreme Court Court Wife Husbands Supreme Extort Husband
Musk ascends as a political force beyond his wealth by tanking budget deal
3 days, 21 hours ago

Musk ascends as a political force beyond his wealth by tanking budget deal

Associated Press  

In the first major flex of his influence since Donald Trump was elected, Elon Musk brought to a sudden halt a bipartisan budget proposal by posting constantly on his X megaphone and threatening Republicans with primary challenges. “All that does is give the keys to these districts over to the Democrats.” Musk spent an estimated $250 million during the presidential …

Trump Democratic Musk Senate Elon Musk House Gop
Ex-Husband Can't Be Expected To Maintain Ex-Wife As Per His Present Status All Life; Alimony Not To Equalise Wealth : Supreme Court
Trending News
4 days, 4 hours ago

Ex-Husband Can't Be Expected To Maintain Ex-Wife As Per His Present Status All Life; Alimony Not To Equalise Wealth : Supreme Court

Live Law  

The Supreme Court has observed that a divorced wife cannot seek permanent alimony just to attain equal wealth status with the ex-husband. The Court expressed reservtions with tendency in matrimonial proceedings to seek maintenance or alimony as an "equilisation of wealth with the other party." While the wife is entitled to be maintained, as far as possible, to the same …

Court Wealth Status Husband Wife Maintain Alimony
Ex-Husband Can't Be Expected To Maintain Ex-Wife As Per His Present Status All Life; Alimony Not To Equalise Wealth : Supreme Court
Trending News
4 days, 4 hours ago

Ex-Husband Can't Be Expected To Maintain Ex-Wife As Per His Present Status All Life; Alimony Not To Equalise Wealth : Supreme Court

Live Law  

The Supreme Court has observed that a divorced wife cannot seek permanent alimony just to attain equal wealth status with the ex-husband. The Court expressed reservtions with tendency in matrimonial proceedings to seek maintenance or alimony as an "equilisation of wealth with the other party." While the wife is entitled to be maintained, as far as possible, to the same …

Court Wealth Status Husband Wife Maintain Alimony
Macao’s casino boom brings wealth but at a cost, 25 years since China’s takeover
4 days, 13 hours ago

Macao’s casino boom brings wealth but at a cost, 25 years since China’s takeover

Associated Press  

MACAO — When Portugal returned its colony Macao to China in 1999, coffee shop owner Daniel Chao was a first grader living in a different world. “Leaving must come at a heavy price,” he said, adding that “it seems Macao isn’t exactly unlivable yet.” The ruling Communist Party’s agenda for Macao now holds sway, with city leaders often referring to …

China Hong Kong City Chinese Beijing Kong Hong
Children who are born with wealth are becoming increasingly rich; research shows
4 days, 17 hours ago

Children who are born with wealth are becoming increasingly rich; research shows

NL Times  

The amount of wealth a parent has is increasingly becoming a factor in their children’s wealth. This showed that children whose parents are amongst the most wealthy also end up gaining wealth, while children of parents with the lowest assets make less progress and have more difficulty climbing the ladder in terms of how much money and possessions they have. …

Children Parents Wealth Rich Cpb
Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024
4 days, 20 hours ago

Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024

Associated Press  

NEW YORK — Billionaire author and philanthropist MacKenzie Scott acknowledged another $2 billion in donations in a blog post on Wednesday, bringing the total she’s given away since 2019 to $19.2 billion. “I’ve asked the investment team helping me manage the assets I’m working to give away to source funds and companies focused on for-profit solutions to these challenges,” Scott …

Giving Organizations Grants Nonprofits Donovan Mackenzie Scott Received Scott
Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol
5 days, 17 hours ago

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol

India TV News  

The year 2024 marked a significant shift in India’s real estate market, with luxury homes emerging as the ultimate status symbol for the country’s wealthy. Record-breaking deals across cities This year witnessed record-breaking transactions in the luxury real estate market. Several factors are driving the affluent class towards luxury real estate: Wealth growth: The 2024 Hurun Rich List reported a …

India Real Estate Luxury Market Wealth Luxury Homes Luxury Housing
Govt wealth seen as key to boosting consumption
5 days, 17 hours ago

Govt wealth seen as key to boosting consumption

China Daily  

China's ongoing efforts to boost consumption can be significantly enhanced if the government's substantial wealth and assets are mobilized to support household incomes and social welfare, leading economists said. Liu Shijin, former deputy director of the Development Research Center of the State Council and a prominent economist, said that a relatively high share of State-owned equity in social wealth could …

China Social Wealth Consumption State Zhang Liu
This company is profiting from India’s wealth boom in a massive way
6 days, 17 hours ago

This company is profiting from India’s wealth boom in a massive way

Live Mint  

In our previous analysis, we highlighted the immense growth potential of the wealth management sector and discussed a company that deserves your attention. View Full Image Wealth management accounts for 65% of 360 One's revenue. 360 One's wealth management segment The wealth management segment is the largest, with assets under management growing at a CAGR of 26.1% over the last …

India Growth Wealth Management Wealth Management Revenue Crore
Jellyfish production hub spreads its tentacles
Top News
6 days, 17 hours ago

Jellyfish production hub spreads its tentacles

China Daily  

A visitor buys jellyfish products during the 2024 jellyfish festival in Yingkou, Liaoning province, in October. Editor's Note: In a series of reports titled "Claims to Fame", China Daily looks at how some regions have earned wealth and recognition through specific products to realize the goal of development. Feared by some for its ghostly appearance and toxic tentacles, and loved …

Jellyfish Yingkou
Jellyfish production hub spreads its tentacles
Top News
6 days, 17 hours ago

Jellyfish production hub spreads its tentacles

China Daily  

A visitor buys jellyfish products during the 2024 jellyfish festival in Yingkou, Liaoning province, in October. Editor's Note: In a series of reports titled "Claims to Fame", China Daily looks at how some regions have earned wealth and recognition through specific products to realize the goal of development. Feared by some for its ghostly appearance and toxic tentacles, and loved …

Yingkou Jellyfish Production
Jellyfish production hub spreads its tentacles
Top News
6 days, 17 hours ago

Jellyfish production hub spreads its tentacles

China Daily  

A visitor buys jellyfish products during the 2024 jellyfish festival in Yingkou, Liaoning province, in October. Editor's Note: In a series of reports titled "Claims to Fame", China Daily looks at how some regions have earned wealth and recognition through specific products to realize the goal of development. Feared by some for its ghostly appearance and toxic tentacles, and loved …

Jellyfish Yingkou
Jellyfish production hub spreads its tentacles
Top News
6 days, 17 hours ago

Jellyfish production hub spreads its tentacles

China Daily  

A visitor buys jellyfish products during the 2024 jellyfish festival in Yingkou, Liaoning province, in October. Editor's Note: In a series of reports titled "Claims to Fame", China Daily looks at how some regions have earned wealth and recognition through specific products to realize the goal of development. Feared by some for its ghostly appearance and toxic tentacles, and loved …

Jellyfish Yingkou
Jellyfish production hub spreads its tentacles
Top News
6 days, 17 hours ago

Jellyfish production hub spreads its tentacles

China Daily  

A visitor buys jellyfish products during the 2024 jellyfish festival in Yingkou, Liaoning province, in October. Editor's Note: In a series of reports titled "Claims to Fame", China Daily looks at how some regions have earned wealth and recognition through specific products to realize the goal of development. Feared by some for its ghostly appearance and toxic tentacles, and loved …

Jellyfish Yingkou
Jellyfish production hub spreads its tentacles
Trending News
6 days, 17 hours ago

Jellyfish production hub spreads its tentacles

China Daily  

A visitor buys jellyfish products during the 2024 jellyfish festival in Yingkou, Liaoning province, in October. Editor's Note: In a series of reports titled "Claims to Fame", China Daily looks at how some regions have earned wealth and recognition through specific products to realize the goal of development. Feared by some for its ghostly appearance and toxic tentacles, and loved …

Jellyfish Yingkou
Letters to the Editor: How the U.S. is messing up on immigration
6 days, 17 hours ago

Letters to the Editor: How the U.S. is messing up on immigration

LA Times  

Roofing company workers assemble to shovel snow off a building on Dec. 3 in Mammoth Lakes. Why aren’t there articles about farm and restaurant owners applying for work visas, nonimmigrant NAFTA Professional visas, or other employment visas for their employees? To the editor: In light of President-elect Donald Trump’s push for mass deportation, the view on immigrants has become dehumanizing …

Immigrants Mass Deportation
Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
6 days, 19 hours ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

Tesla Trump Musk Billion Elon Wealth Jumps
Are you ultra-rich, rich or merely affluent? It makes a big difference for your bank
1 week ago

Are you ultra-rich, rich or merely affluent? It makes a big difference for your bank

Live Mint  

Scale is crucial in the wealth-management business, but it needs to be the right kind of scale. Its American wealth business, which now amounts to $4.6 trillion in client assets, is so large that it yields a 29% pretax profit margin, according to estimates by Anke Reingen at RBC Capital Markets. Meanwhile, the U.S. wealth arm of its main global …

Wealth Assets Bank Net Worth Rich Big Ubs
Ustad Zakir Hussain's Net Worth: Know Tabla Maestro's Concert Fee And Total Wealth
1 week ago

Ustad Zakir Hussain's Net Worth: Know Tabla Maestro's Concert Fee And Total Wealth

ABP News  

Renowned tabla virtuoso Zakir Hussain passed away at the age of 73 on Sunday, just hours after being admitted to a hospital in San Francisco due to heart-related issues. Born on March 9, 1951, in Mumbai, Maharashtra, Ustad Zakir Hussain was the eldest son of legendary tabla player Allah Rakha, which naturally nurtured his passion for music from an early …

Zakir Hussain
World’s Richest 2024: Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business challenges
1 week ago

World’s Richest 2024: Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business challenges

Live Mint  

World's Richest 2024: India's richest billionaires and among Asia's richest people, Reliance CMD Mukesh Ambani and Adani Group chairman Gautam Adani, have both dropped out of the Bloomberg's $100 billion club for the year, amid a number of business challenges, according to the publication. As such, Bloomberg reported that both Adani and Ambani are out of its “elite centibillionaires club”, …

India Billion Bloomberg Adani Richest