The ‘Billionaire Effect’ is alive and well across the world – and shows little sign of slowing

    The billionaire boom of the past five years has now undergone a natural correction. Report. Billionaires are transforming the business of global philanthropy. Billionaire-controlled companies have returned almost twice the average market performance over the past 15 years. This is one of the findings of the annual UBS and PwC Billionaires Insights report, … Read more

House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess

As flamenco dancers and baristas help show off multimillion-dollar homes, there is no longer room for the middle class