In a striking shift in behavior among wealthy Americans, a considerable segment is contemplating leaving the United States as the national political landscape becomes progressively unsettling. The upcoming election serves as a catalyst for this contemplation, with many affluent citizens expressing apprehension about potential social and political turbulence, regardless of the election’s outcome. According to
Wealth
The landscape of charitable giving is undergoing a transformative shift, largely driven by the aspirations and values of younger generations. Wealthy millennials and members of Generation Z are challenging traditional philanthropic norms, viewing themselves not merely as donors but as active change-makers and advocates for social causes. A recent study by Bank of America Private
Rolls-Royce has long been synonymous with luxury and exclusivity, but in a bold move, the British automotive giant has launched its first U.S. “Private Office” in New York City’s Meatpacking District. This innovative space caters to a niche market of affluent clients seeking bespoke automobile designs that reflect their unique tastes and lifestyles. This new
In the rapidly evolving landscape of technology, artificial intelligence (AI) has emerged as a frontrunner, capturing the attention of high-net-worth investors eager to tap into its burgeoning potential. Among these investors, Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs and a prominent philanthropist, is making waves with her family’s investment entity, the Emerson
A recent UBS survey highlights intriguing findings about millionaire investors’ voting intentions and their perceptions of the economy as the U.S. heads towards important elections. The survey, which polled 971 individuals possessing a minimum of $1 million in investible assets, reveals a notable inclination towards Vice President Kamala Harris, with 57% indicating their intent to
Family offices, the private investment entities that serve affluent families, are displaying unprecedented optimism in the wake of shifting monetary policies. A recent survey conducted by Citi Private Bank indicates that these entities are ready to reinvest substantially into the market, particularly now that indications suggest the Federal Reserve may start easing interest rates. With
The affluent strata of society has been dramatically transformed over the past ten years, as revealed by recent findings from New World Wealth and investment migration experts Henley & Partners. A steep increase in the number of centimillionaires, individuals holding a staggering $100 million or more in investable assets, has redefined the landscape of wealth
As the political landscape in the United States becomes increasingly polarized, the implications for wealth transfer and estate planning are profound, particularly among high-net-worth individuals. The potential for a change in government—and consequently, tax policies—has prompted a flurry of activity among wealthy investors eager to optimize their financial legacies. With heightened concerns regarding the impending
The ultra-wealthy population in China, those individuals with a net worth of at least $30 million, is projected to increase by almost 50% in the coming years. Despite facing economic headwinds and slowing growth, the number of wealthy Chinese is expected to swell to 144,897 by 2028 from 98,551 in 2023, according to a recent
The United Kingdom is facing an alarming trend as a record number of millionaires are expected to leave the country this year, according to new research. The upcoming general election is predicted to further exacerbate this exodus, with significant implications for the country’s economy and overall wealth distribution. The Henley Private Wealth Migration Report highlights