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....Bezos, 53, has been having a very good year. His net worth has risen by almost $20bn (£16bn) in the past five months to $85. ... [Read full article on Guardian ]
Friday 2nd of June 2017 06:49:18 PM
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....The climb has made fortunes for investors, and for tech entrepreneurs. Amazon founder Jeff Bezos has seen his net worth soar by almost $20bn (£16bn) in the past five months to $85. ... [Read full article on Guardian ]
Monday 12th of June 2017 04:33:15 PM
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Latest Finance News related to Net Worth

Tech shares keep sinking amid concerns sector is slowing image
Source : Guardian [Read Article] Monday 12th of June 2017 04:33:15 PM
....The climb has made fortunes for investors, and for tech entrepreneurs. Amazon founder Jeff Bezos has seen his net worth soar by almost $20bn (£16bn) in the past five months to $85. ...
Student housing tempts wealthy investors image
Source : Guardian [Read Article] Friday 26th of May 2017 05:08:32 PM
....“They have seen how much others have made from student housing and want to join them,” Pullan said. “More than 70% of investment is coming from overseas buyers, from sovereign wealth funds and ultra high net worth individuals [people with investable assets of more than $30m] and private equity. ...
Billionaire makes 'biggest philanthropic gift' by living Australian image
....The Fortescue Metals chairman has a history of philanthropy. "I have been very fortunate, with my wife, Nicola, to be able to accumulate capital, and then as soon as we can to commence giving it away," said Mr Forrest, who is estimated by Forbes to have a net worth of almost A$5. ...
Facebook's Sheryl Sandberg in call to help working mothers image
Source : BBC [Read Article] Sunday 14th of May 2017 07:24:19 PM
...."It's time for our public policies to catch up with what our families deserve and what our values demand," she said. Ms Sandberg, an influential voice in corporate America, is one of the wealthiest American women with a net worth estimated at $1. ...
Cybercrime on the high seas: the new threat facing billionaire superyacht owners image
....“Confidentiality clauses have been in crew contracts for a long time; [they have] got to remember who they are looking after,” William MacLachlan, a senior associate at law firm Holman Fenwick Willan, said. “[The owners] will be high net worth individuals and they could be very much in the public domain and very sensitive, they don’t need the crew facilitating the release of photos whether accidentally or otherwise. ...
The new status symbol: it’s not what you spend – it’s how hard you work image
.... The vast majority of Americans work because their survival depends on a wage. By contrast, Mayer, Immelt and Cook could retire tomorrow and still live very comfortably for the rest of their lives, with plenty left over to pass on to the next generation – their collective net worth is almost $1. ...
Celebrities warned over Instagram ads image
Source : BBC [Read Article] Thursday 20th of April 2017 05:37:35 AM
.... On Instagram they include: . The exact net worth or rate per post is hard to pin down, but be prepared to fork out several thousand dollars, or even tens of thousands, if you want your product featured in one of their Instagram posts. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
.... Greenwich police, who are facing cuts too, let them leave a $446m bill outside the 35,000 sq ft mansion of Steve Cohen, founder of Point72 Asset Management and SAC Capital Advisors. Cohen’s net worth is an estimated $13bn; his $1bn art collection could almost plug Connecticut’s budget hole on its own. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
.... Some of it went on luxury items including diamonds, leather jackets, and home-cinema equipment. One of Deutsche’s high net worth customers blew €500,000 at Mahlberg, a German jewellery firm. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
....Forbes' top ten: . The number of women on the list rose to 227 from 202, giving them a collective net worth of $852. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....Global markets have hit record highs due to the so-called “Trump bump” following Trump’s election, with the Dow Jones soaring above 20,000 points for the first time and the UK’s FTSE 100 closing at a record 7,415 points last week. The fall in Trump’s net worth is due to a drop in the value of office space in Midtown Manhattan, where the president owns about 10 buildings. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... He sold Grosvenor Gardens with planning permission only, leaving others to redevelop the property and collect larger rewards from selling individual apartments. The Candys say Holyoake is a liar and a fraudster, who put none of his own money into the project, and who overstated his net worth in order to deceive them. ...
From V-necks to handcuffs image
Source : BBC [Read Article] Thursday 9th of March 2017 05:52:51 AM
....But since Mr Lee's father suffered a heart attack in 2014, he has been considered de facto boss of the entire Samsung group. Forbes ranks the divorced father-of-two as the 40th most powerful person in the world, with a net worth of almost $6bn (£4. ...
From sweaters to suits: the evolution of Silicon Valley CEO style image
Source : Guardian [Read Article] Sunday 5th of March 2017 02:00:02 PM
.... Both are seen on twentysomethings in 2017 – accessorised with an iPhone, of course. At the start of 2016, Zuckerberg – a man with a net worth of £46. ...
A London penthouse for £60,000. No, not to buy – that's the weekly rent image
Source : Guardian [Read Article] Saturday 18th of February 2017 09:00:35 AM
.... Also available for £40,000 a week is a seven-bedroom house in Mayfair, which features a cinema, swimming pool and underground garage. Tom Smith, head of super-prime lettings at estate agent Knight Frank, said there was so much demand for serviced luxury apartments that it had become a challenge to find enough to show to the firm’s “ultra-high net worth, incredibly wealthy” clients. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....Warren Buffett is perhaps the world’s most respected and successful investor. Often dubbed the “Sage of Omaha” due to his uncanny ability to spot lucrative investments and homespun wisdom, the 86-year-old is the world’s third richest man, with an estimated net worth of $60. ...
Samsung head arrested over South Korean Choi-gate corruption scandal image
Source : Guardian [Read Article] Friday 17th of February 2017 12:27:38 AM
.... But the firm insisted it had not expected any special favours in return. Lee, whose net worth is estimated at $5. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Trump’s choice of Mnuchin stood at odds with his rhetoric on the campaign trail, where he repeatedly decried Hillary Clinton for giving paid speeches to Wall Street while vowing to lift up working-class Americans. Mnuchin, whose net worth is estimated at $400m will join the wealthiest cabinet in US history. ...
Snapchat to make high-profile stock debut after revealing IPO plans image
Source : Guardian [Read Article] Thursday 2nd of February 2017 10:54:42 PM
.... Spiegel, 26, is a Stanford University dropout who started Snapchat while still at college. Before the IPO announcement, Forbes estimated his net worth, thanks to his Snap holding, at $2. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
....The report, by the research firm Wealth-X, found that as private jet travel has become more accessible and faster internet speeds have made working from the beach or ski lodge more practical, the world’s wealthiest people are buying up multiple homes. More than 10% of the world’s 212,625 ultra-high net worth individuals – defined as those with assets of at least $30m (£24m) – own five or more properties in addition to their main home, the research found. ...
South Korean court refuses arrest warrant for Samsung boss image
Source : Guardian [Read Article] Thursday 19th of January 2017 05:37:18 AM
....“We appreciate the fact that the merits of this case can now be determined without the need for detention,” Samsung said in a statement on Thursday. The main opposition Democratic party accused the court of showing undue leniency to Samsung and its heir apparent, whose net worth is estimated at US$5. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
....Senator Orrin Hatch, the finance committee chairman, said nominees “will undergo the same bipartisan vetting process as the nominees from previous administrations” and will not progress to a public hearing until the committee has reviewed the past three years of a nominee’s tax returns. The multi-page questionnaire asks nominees to list all jobs held since college, all business relationships, political activities and contributions, any legal or ethics conflicts and a calculation of the nominee and their family’s net worth. ...
HMRC chasing £1.9bn tax from UK's richest people image
Source : BBC [Read Article] Tuesday 1st of November 2016 02:11:03 AM
....HMRC is chasing almost £2bn that is potentially owed in taxes by the UK's richest people, according to the public spending watchdog. The National Audit Office said HMRC's specialist unit recovered £416m in 2015 from 6,500 "high net worth individuals" with wealth of more than £20m. ...
Leak reveals Amber Rudd's links to offshore investment funds image
Source : BBC [Read Article] Wednesday 21st of September 2016 06:41:48 PM
...."It was a combination. We worked with family offices, high net worth private clients, funds of funds, and private investors introduced by intermediaries. ...
London's elite 'pushed out of exclusive postcodes by super rich' image
Source : Guardian [Read Article] Wednesday 31st of August 2016 05:38:40 PM
....The researcher added that international buyers of luxury high rise apartments did not want social housing on site and developers did everything to shift social tenants elsewhere. London is home to around 4,900 “ultra-high net worth” individuals, with assets of at least £23m, a rise of 39% in the past decade, according to the latest wealth report by estate agents Knight Frank. ...
ONS data shows UK wealth wedded to property image
Source : Guardian [Read Article] Thursday 18th of August 2016 04:19:44 PM
. Britain’s obsession with property has sent the country’s net worth soaring to an estimated £8. ...
Bebo tycoon Michael Birch invests in 'sad state' Devon village image
Source : BBC [Read Article] Tuesday 16th of August 2016 09:23:42 AM
....". Mr Birch has a net worth of $390m (£303m). ...

Hillary Clinton releases tax returns as pressure mounts on Donald Trump to follow suit 
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....On Thursday, Trump's special counsel, Michael Cohen, told CNN that he would not allow Trump to release them until the audits were complete. Critics, including 2012 Republican presidential candidate Mitt Romney and other fellow Republicans, have said Trump's refusal raises questions about his net worth, his charitable contributions, his business dealings and various other ties, including with Russia. ...

Forget QE. Theresa May should cut taxes if she wants to drive growth
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Source : Telegraph [Read Article] Thursday 11th of August 2016 06:33:22 PM
.... Meanwhile the price of vintage Ferraris, of prime London property, of gold and diamonds all hit the stratosphere. Hence the grotesque spectacle of the net worth of the wealthiest growing far faster after the crash than before it. ...
Monaco has most millionaires per head in Europe – but London not far behind image
. One in every three people in Monaco are millionaires, according to research into the cities of Europe that have the most high net worth individuals, with Zurich close behind. ...

New inheritance tax 'penalises 28,000 for dying early' 
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Source : Telegraph [Read Article] Tuesday 26th of July 2016 12:29:58 AM
....In April this newspaper reported that resentment to build among middle-class savers who were for the first time being forced to pay “death duties” because of their inflated house prices. Alan Miller, campaigner and director at SVM Private, a financial firm for high-net worth individuals, said: "The new IHT allowance is unfair as it penalises some people for dying before others. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
....The Asia-Pacific region has for the first time overtaken North America both for the number of rich people and the wealth held by them, according to the annual world wealth report from consultancy firm Capgemini. Around the world, the number of “high net worth individuals” (HNWIs) – defined as those with investable assets of at least $1m (£675,000) excluding their main home, art collection, vintage sports cars and other collectibles – rose nearly 5% in 2015 to 15. ...
Asian millionaires 'top wealth rankings' image
Source : BBC [Read Article] Thursday 23rd of June 2016 11:27:29 AM
....That could rise to $100 trillion by 2025, Capgemini said. Asia's growth in high net worth individuals - defined as having $1 million in assets - came despite slowing economic growth in China and a weak Japanese economy. ...
City news: Approved Food, Trade fair and Invstr image
Source : Daily Express [Read Article] Sunday 12th of June 2016 04:25:00 PM
.... We are considering finance to move to a new larger place, which needs serious money. It could come from crowdfunding, venture capital or high-net worth individuals. ...
Angela Merkel is the most powerful woman in the WORLD, says Forbes  image
Source : Daily Express [Read Article] Monday 6th of June 2016 05:05:00 PM
....The 61-year-old leader has been nominated as the globe's number one power woman for the sixth year running. The power chart takes into account the person's money and net worth, media presence, 'sphere of influence' both within their field and outside it. ...
With a $55,000 debt, you learn to appreciate the little things | Stephanie Land image
.... I try to be proud of the diploma on the wall. It’s difficult to know how my life would be different if my net worth wasn’t so far in the negative. ...
Elizabeth Holmes's fall from hero to zero highlights problems of rich lists image
.... Rarely are we treated to the kind of fall from grace that we’ve witnessed with Holmes, founder of Theranos, a blood-testing startup that took Silicon Valley, and some sections of the financial press, by storm. Forbes’ previous estimates pegged Holmes’s net worth at a cool $4. ...
Forbes downgrades net worth of former 'richest self-made woman' to zero image
Source : Guardian [Read Article] Wednesday 1st of June 2016 10:39:24 PM
....Related: Forbes investigates after 'contributor' asks PR for £300 to write online profile. US business magazine Forbes, which monitors the world’s wealthiest individuals and publishes a rich list, has revised the net worth of the woman it named as America’s richest self-made woman last year from $4. ...
Donald Trump's brand appears to be thriving – but could his bubble burst? image
....”. What we are seeing are gross revenues, as Shawn Tully at Fortune has pointed out in his own attempts to calculate Trump’s net worth. ...
Pro-Brexit bosses include retirees and tax avoidance experts image
Source : Guardian [Read Article] Monday 16th of May 2016 06:26:01 PM
....Related: Brexit could shift Europe's political centre of gravity, says Fitch. Fellow signatory Martin Bellamy is the chairman and chief executive of Salamanca Group, which advertises “dynastic estate-planning” for “ultra-high net worth families”. ...
Super-rich may quit London homes under new anti-corruption rules image
Source : Guardian [Read Article] Thursday 12th of May 2016 06:46:27 PM
....”. His view was backed by Craig Hughes, tax director in offshore services at Menzies accountancy firm, who said the policy “could impact investment in UK property” and argued that “high net worth, high profile individuals do have a right to a private life”. ...
City news: Supermarkets, living wage and HMRC tax probe image
Source : Daily Express [Read Article] Tuesday 3rd of May 2016 08:44:00 AM
....Paul Noble, tax director at Pinsent Masons, said: “Returns from investigations have been healthy this year, and HMRC will likely want to build on this success. High net worth individuals and other wealthy taxpayers are likely to face further scrutiny as a result – both here and abroad. ...
Australian Craig Wright claims he is bitcoin founder Satoshi Nakamoto image
....There are around 15. 5m bitcoins currently in circulation, including the million or so reportedly owned by Nakamoto, giving the founder – or founders – a net worth of around US$450m, at the current price. ...
How did Donald Trump make his fortune? image
Source : BBC [Read Article] Tuesday 12th of April 2016 11:01:19 PM
Blairs add Manchester flats to property empire before stamp duty deadline image
....Many investors rushed through purchases ahead of the deadline to spare themselves the higher rate of tax, with estate agents in expensive parts of the country reporting buyers willing to pay more to solicitors to ensure deals were completed in time. Research by Bower Private Clients, which arranges loans for high net worth customers, found that 29% of lawyers were planning to use property to fund their retirement, either drawing money from their main home or investing in buy-to-let. ...
Philip Green could face £280m demand over BHS pensions deficit image
Source : Guardian [Read Article] Sunday 13th of March 2016 05:28:14 PM
....The amount represents 12. 5% of Green’s estimated net worth of £3. ...
How London’s booming ‘butler class’ takes care of the wealthy elite image
.... “They decided to take more control and create a structure which they felt was … entirely doing their bidding,” he added. Karen Clark, managing director of the Family Office Exchange, which represents 450 single-family offices worldwide with median assets of just more than $500m, said the rise was also spurred by the subsequent spike in the number of ultra-high net worth individuals, especially since the economic upturn from 2011-12. ...
A third of £1m-plus homes paid for in cash since 2011, study shows image
Source : Guardian [Read Article] Tuesday 8th of March 2016 07:01:31 PM
....Essex-based BPC, which focuses on London and the south-east, hopes to tap into the need for more specialist advice by recruiting 10 advisers from private banks such as Coutts, and offers specialist underwriting for rich clients. The company says it is the first to launch a high net worth equity release advice business. ...
Revealed: The richest people in the world 2016 image
Source : Daily Express [Read Article] Wednesday 2nd of March 2016 09:07:00 AM
....58bn, the fall is unlikely to win many votes of sympathy. Despite shedding £3bn of value, Bill Gates retained his title as richest person on the planet with a net worth of £53. ...
Beijing is new 'billionaire capital' image
Source : BBC [Read Article] Thursday 25th of February 2016 12:07:04 PM
....China has 568 billionaires after gaining 90 new ones, compared with the US which has 535. China's billionaires boast a combined net worth of $1. ...
Kanye West could pay off his $53m debt by seeking donations on a smaller scale image
....However, it doesn’t seem likely that West is really in dire financial straits, tweet storm notwithstanding. Most estimates peg his personal net worth at around $147m; certainly, even if he’s under a strain after foolish spending (hiring an entire orchestra to propose to his now-wife, Kim Kardashian, at AT&T Park in San Francisco), it’s still going to be north of $100m. ...
Strong Walmart earnings add $5bn to Walton family fortune image
Source : Guardian [Read Article] Thursday 18th of February 2016 03:14:19 PM
....6bn. The Waltons, descendants of Sam Walton, who founded Walmart as a single store in Arkansas in 1962, are the richest family in the US, according to Forbes with a net worth of $149bn. ...
Liverpool tech startups out to prove there's life outside of Shoreditch image
Source : Guardian [Read Article] Tuesday 9th of February 2016 06:00:12 AM
....The pair are talking in a small meeting room about the 14 or so private shareholders who have backed his company. Many of them are high net worth individuals based locally and a well-known figure from the football industry is advising on future finance. ...
Google's Sundar Pichai becomes highest-paid CEO in US image
Source : Guardian [Read Article] Monday 8th of February 2016 09:05:36 PM
....Pichai, who became Google’s CEO in October following its reorganisation into holding company Alphabet, was handed 273,328 shares, according to a company filing, worth $199m when they were awarded. The new shares takes the value of Pichai’s Alphabet holdings to roughly $650m – or 14,440 times the $45,000 median net worth of US citizens as calculated by Credit Suisse. ...
Film investor Ingenious sells its £1.8bn asset management business to private equity image
.... Ingenious Asset Management currently manages £1. 8bn of investments on behalf of high net worth clients and is part of Ingenious, the company best-known for its controversial film partnership schemes. ...
Scrap the tax on profits – but don’t tax turnover  image
Source : Telegraph [Read Article] Monday 1st of February 2016 09:17:01 PM
.... Becoming a non-dom is no longer a viable long-term tax minimisation solution for the world’s most prosperous people. Some will still want to move here but there is no doubt this will significantly reduce the inflow of high net worth individuals. ...
How much does money matter to you? Take the test image
Source : Guardian [Read Article] Thursday 28th of January 2016 09:26:09 AM
....The Klontz Money Script Inventory (KMSI) was developed as a tool to help people uncover their money scripts. It has been researched extensively, and scores on the KMSI have been found to be associated with income, net worth, credit card debt, socioeconomic status in childhood, financial behaviour and other aspects of financial health. ...
Gina Rinehart gives way to Blair Parry-Okeden as Australia's wealthiest person image
....In the past five years Rinehart has topped Forbes Australia’s rich list but this year she has been unseated by another woman, the reclusive US-born heiress and longtime Australian resident Blair Parry-Okeden. Parry-Okeden’s net worth of $12. ...
‘Ushers and butlers’ … how fawning politicians welcomed world’s rich image
.... They conclude that London has become one of a handful of international havens for the very wealthy, thanks to central and local government kowtowing to their demands. The deference of the UK government has facilitated the construction and extension of mega-mansions for the several thousand ultra-high net worth individuals, with assets of at least £21m, and the 80 billionaires who now live in London. ...
How Iranians could rescue London's luxury property market image
Source : Telegraph [Read Article] Wednesday 20th of January 2016 02:33:49 PM
.... Iranians celebrate in the street of Tehran, Iran, after nuclear talks between Iran and World powers ended in Lausanne, Switzerland  Photo: EPA. Statistics from New World Wealth show there are 32,000 high net worth individuals (HNWIs) in Iran, including 65 individuals worth over $100m (£71m) and four billionaires. ...
Bowie's financial innovation image
Source : BBC [Read Article] Monday 11th of January 2016 04:31:58 PM
....However the deal was split, it would have certainly helped Mr Bowie's finances. The latest estimate of Bowie's net worth by the Sunday Times Rich List is £135m - putting him him joint 707th on the list, equal with pop star Robbie Williams, and Conservative Party co-treasurer Lord Lupton. ...
'Should I give money to my sister and borrow it back to reduce my IHT bill?'  image
. I want to reduce my net worth so that I minimise the tax due on my estate when I die. ...
Chinese conglomerate in talks to buy majority stake in Legendary film studio image
....The son of a Communist Red Army captain, Wang was a soldier before he founded Wanda in the 1980s, building it up with military discipline. Now 61, Wang is the 13th richest man on the planet according to Bloomberg’s real-time ranking, which put his net worth at $33. ...
Ex-Sainsbury's boss backs his own members' club image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 05:00:37 PM
.... . “We have agreed a memorandum of understanding with a Chinese investor to open clubs in Hong Kong and China,” Mr Blaskey said, adding that the company was already talking to a number of high net worth investors, venture capital funds and private equity companies about raising further funds to grow the business. ...
Theo Osborne's fund wants to turn crowdfunders into venture capitalists image
Source : Telegraph [Read Article] Saturday 26th of December 2015 05:20:07 PM
.... . "We looked at both models and have taken the best of both worlds," said Martijn de Wever, co-founder and chief executive of Force Over Mass, which invests in technology start-ups on behalf of high net worth individuals who can invest at least £25,000. ...
JP Morgan Chase to pay $307m for steering investors toward own products image
Source : Guardian [Read Article] Friday 18th of December 2015 06:51:28 PM
....“Firms have an obligation to communicate all conflicts so a client can fairly judge the investment advice they are receiving,” said Andrew Ceresney, director of the SEC enforcement division. According to the SEC between 2008 and 2013 the bank failed to properly disclose its preferences to both retail mutual fund customers and high net worth clients. ...

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