Ultra-wealthy now worth $75 trillion thanks to rallying equities
A late-year rally in global equities increased the global ultra-high-net-worth population’s total net-worth by 7.6% to US$49.2 trillion, a new report has found.
Wealth
Another 400,000 Australians to become millionaires by 2028
Australia’s average wealth-per-adult increased by nearly 10% to $388,000 in 2023, more than twice the growth-rate of USB’s sample of 56 countries, according to the latest UBS Global Wealth Report.
How most billionaires made their money
There are many routes to making the billionaires list. Some are more likely than others.
What net worth do you need to be a part of Australia’s 1%?
Knight Frank released the 2024 list of minimum net worth for 1-percenters across the globe. The threshold in Australia fell almost a million dollars from last year.
‘I was financially illiterate’: Wendy McCarthy’s golden rules for wealth
Businesswoman, activist and author, Wendy McCarthy AO reveals the best wealth advice she ever received.
Elton John’s tour ‘highest-grossing ever’ but here’s where U2, Taylor Swift, Rolling Stone rank
John’s tour surpassed Ed Sheeran’s Divide Tour, becoming the first tour to gross more than $800 million.
Adani Group market selloff continues
Gautam Adani’s fortune shrank by another US$10 billion on Monday pushing him down to the 8th spot on the list of the world’s richest people.
How to profit from indulgence
Luxury-goods companies are riding high on strong sales of exclusive brands, sought after by cashed up consumers.
Ukraine’s wealthiest man donating US$25 million to war effort after securing record transfer fee from soccer club
Rinat Akhemetov said he will dedicate US$25 million of the payout from Chelsea toward a fund supporting soldiers.
Ivana Trump left behind US$34 million. Here’s what is in her will.
Ivana’s assets are large enough that the Trumps have to file a federal estate tax return.