More young money enters the real estate market. A new survey by Coldwell Banker Previews International and the Luxury Institute finds that Wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 and older. According to the survey of Americans age 21 … Read more
World’s ultra wealthy population reaches all-time record. During the past year, the world’s UHNW population reached an all-time high of 199,235 individuals and a combined wealth of US$27.8 trillion, according to latest Wealth-X and UBS World Ultra Wealth Report dedicated to the most commercially significant segment today – the ultra wealthy. The total wealth … Read more
Top 5 wealthiest NBA players by net worth. Longevity in the sport and corporate endorsements are key to wealth for today’s athletes, according to Wealth-X ranking of ultra wealthy players following this year’s NBA Draft. The NBA’s wealthiest have been playing for an average of 15 years, or since 1998, which is considered a … Read more
Top Billionaire Island Owners. Lawrence Ellison, co-founder and CEO of technology giant Oracle, the French luxury business titan Bernard Arnault, and Google CEO Larry Page are the top wealthiest owners of luxury islands valued at US$10 million and above, according to Wealth-X “Top Billionaire Island Owners.” All of the top five billionaire hail from … Read more
Mexican Billionaires Beat Brazilians In Wealth: Wealth-X Unveils Top 10 Wealthiest Latin Americans List With a net worth of US$78.9 billion, Carlos Slim remains at the top of the list of the Wealthiest Latin Americans. Coming in second is Jorge Lemann, co-founder of 3G Capital, with a net worth of US$19.2 billion. Alberto Bailleres … Read more
World UHNW Population Loses US$480 Billion: Wealth-X Released World Ultra Wealth Report 2012-2013 The world’s ultra wealthy population grew by 0.6% to reach 187,380 and their combined wealth shrank by 1.8% to reach US$25.8 trillion, according to the latest edition of “World Ultra Wealth Report” released by Wealth-X, the ultra high net worth (UHNW) business … Read more