Wealth

A recent study sheds light on the impending Great Wealth Transfer, a phenomenon where trillions of dollars are expected to change hands from one generation to the next. While it is commonly believed that millennials and Generation Z will be the primary beneficiaries of this transfer, the study reveals that Generation X is actually poised
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The United States has seen a striking rise in the number of millionaires, outpacing the rest of the world. In 2023 alone, the U.S. added a staggering 600,000 new millionaires, bringing the total millionaire population to 7.5 million. This exponential growth has been attributed to various factors such as the rebound of the stock market,
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The migration of wealthy individuals from high-tax states to Florida has created a booming demand for household staff in exclusive areas such as Palm Beach. Staffing companies are reporting a surge in the need for butlers (now referred to as “hospitality managers” or “estate managers”), nannies, chefs, drivers, and personal security. Despite the high demand
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Family offices are facing a significant increase in cyberattacks, with 79% of North American family offices acknowledging that the likelihood of a cyberattack has escalated in recent years. This data comes from a survey conducted by Dentons, a global law firm, which also revealed that a quarter of family offices experienced a cyberattack in 2023,
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Shenzhen, often referred to as China’s Silicon Valley, has seen an impressive surge in millionaires over the past decade. According to a recent report by New World Wealth and Henley & Partners, Shenzhen recorded a remarkable 140% growth in millionaire count, far outpacing other first-tier cities in China such as Beijing and Shanghai. This exponential
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For many, the idea of being incredibly wealthy brings to mind a life free of worry and full of luxury. However, the reality is often far from that image. According to therapists who work with the super-rich, individuals in this category frequently struggle with feelings of isolation, depression, and paranoia. Despite their financial abundance, many
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It has been reported that members of the prestigious all-male Garrick Club in Britain have finally voted to allow women to become members for the first time in its long 193-year history. The decision, which was reached with a 59.98% majority in favor, comes after a secret debate that lasted for two hours near the
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