As the political climate in the United States grows increasingly volatile, an alarming trend emerges: a significant number of affluent Americans are contemplating or already taking steps to leave the country. Beyond typical election year sentiments, a mix of underlying anxieties—both political and social—are propelling this decision. Reports from immigration attorneys indicate a surge in
Wealth
Philanthropy is rapidly evolving, particularly among wealthy millennials and Gen Z. Recent research from Bank of America Private Bank underscores a marked shift in how these younger donors view their role in charitable giving—not merely as cash dispensers but as active participants in social change. The willingness to volunteer, mentor, and engage directly with causes
In an ambitious move to elevate luxury car ownership, Rolls-Royce has launched its first U.S. **Private Office** in the fashionable Meatpacking District of Manhattan. This exclusive design studio serves as a sanctuary for affluent clients seeking unparalleled personalization in their vehicles, far beyond the standard offerings. Rolls-Royce is keenly aware that in today’s saturated automotive
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, continues to carve out a significant niche in the tech investment landscape, particularly in the realm of artificial intelligence (AI). Her family office, the Emerson Collective, has increasingly turned its focus towards AI ventures, evidencing a remarkable growth trajectory in the last few years. Fintrx,
A recent UBS survey reveals a fascinating dynamic among millionaire investors regarding their political preferences as the November elections approach. Despite acknowledging former President Donald Trump’s superiority in economic management, a significant 57% of respondents with over $1 million in investible assets expressed their intent to vote for Vice President Kamala Harris. This information highlights
Family offices, which serve as the personal investment entities for affluent families, are experiencing a renewed sense of optimism as they re-enter the investment arena. Recent findings from the 2024 Global Family Office Survey conducted by Citi Private Bank reveal that a staggering 97% of family offices anticipate positive returns this year, with nearly half
Over the last ten years, the landscape of unprecedented wealth has changed dramatically, especially with regard to centimillionaires—the term used to categorize individuals possessing investable assets of $100 million or more. According to the recently released report by New World Wealth in collaboration with Henley & Partners, the total number of centimillionaires worldwide has surged
In an environment marked by political uncertainty, the urgency for strategic tax planning among high-net-worth individuals has reached new heights. With looming discussions around estate taxes and potential legislative changes, ultra-wealthy investors are feeling the pressure to take decisive action. The scheduled reduction of the estate tax exemption, originally established under the Tax Cuts and
According to projections from a recent Knight Frank wealth report, China’s ultra-wealthy population, individuals with a net worth of at least $30 million, is expected to grow by approximately 50% in the coming years. Amidst a backdrop of economic challenges and slowing growth in China, where are these affluent Chinese individuals focusing their investment strategies?
The United Kingdom is facing an unprecedented exodus of millionaires, with a record number of high-net-worth individuals expected to leave the country in the coming year. New research from the Henley Private Wealth Migration Report indicates that the UK will experience a net loss of 9,500 millionaires in 2024, more than double the previous year’s
