After two consecutive months of positive improvement, optimism of America’s wealthiest has dipped due to continued concerns about the economy and the job market.
Graff Diamonds has pulled its planned $1 billion Hong Kong IPO less than two days before its deadline – the latest sign of weakness in global equity markets.
Whether it’s wealthy French or Americans fleeing the prospect of higher taxes or wealthy Russians and Chinese trying to escape political uncertainty, millionaires and billionaires around the world are migrating like never before, according to government statistics and relocation experts.
Sen. Chuck Schumer's disapproval of Eduardo Saverin's move to Singapore has led several commentators and pundits to praise Saverin for taking a stand against the U.S. tax code.
A recent survey of 2,800 millionaires across the region, conducted by Scorpio Partnership, a global wealth-management consultancy, shows that high net worth individuals, especially those living in India and Indonesia, are the happiest, and most optimistic about growing their fortune.
According to Australia's BRW magazine, mining magnate Gina Rinehart’s net worth is now $28.5 billion. That tops WalMart heiress Christy Walton’s $26 billion pile.
While Mark Zuckerberg’s daily wealth gyrations may be new, the phenomena of sudden wealth loss is not. It is now part of the world of wealth, where a growing number of personal fortunes are made and lost in the volatile stock market.