inspiral + highnetworth   41

Selling Airborne Opulence to the Upper Upper Upper Class - The New York Times
For a private-jet broker, success is all about knowing who’s who in the world’s 0.0001 percent.
corporatejet  wealthy  highnetworth  JetBusiness  NYTimes  2018 
january 2018 by inspiral
School of hard knocks no barrier for billionaires -
The world’s top self-made billionaires do not just have more money than everyone else; they often have less top-level education than the managers and accountants running their companies.
Research shows that about a quarter of the world’s wealthiest entrepreneurs dropped out of university or high school before going on to join the financial elite, a greater proportion than those who achieved masters degrees.
billionaire  highnetworth  wealthy  education  university  review  VerveSearch  FinancialTimes  2016 
april 2016 by inspiral
Current Affairs | Culture & Politics
Today’s “patrons of the arts” are less interested in opera and ballet, and more interested in novelty furniture and enormous sculptures of their own faces…
culture  patronage  funding  revenues  opera  ballet  decline  wealthy  highnetworth  review  CurrentAffairs  2016 
march 2016 by inspiral
CONVERSABLE ECONOMIST: Facts About Billionaires
The data show three interesting trends. First, extreme wealth is growing significantly faster in emerging markets than in advanced countries. The rise of emerging-market wealth is the subject of our book using this dataset, Rich People Poor Countries: Th e Rise of Emerging-Market Tycoons and their Mega Firms (Freund 2016). The book shows that there has been a sharp increase in billionaires from emerging markets over the past 20 years, a large and growing share of whom are company founders, creating new and innovative products. Th e emerging-market superrich are no longer concentrated in the resource and politically-connected sectors of the past.
Second, wealth is increasingly self-made, even in the advanced countries. The relatively rapid growth in the number of self-made billionaires and their wealth alleviates some concerns raised by the economist Thomas Piketty about returns to capital growing faster than income, which would cause fortunes to become more concentrated over time if capital remained in the same hands. In fact, extreme wealth is created and destroyed at a nearly constant rate in the United States, such that the median age of the businesses behind American fortunes is about the same now as in 2001. There is somewhat less dynamism in the other advanced economies, especially Europe, where fortunes are older and aging over time.
Finally, there are marked differences across regions and countries, even within income groups, which offer information about the climate for big business. Among emerging markets, East Asia is home to the large-scale entrepreneur. In contrast, the Middle East and North Africa is the only region where the share of inherited wealth is growing and the share of company founders is falling. Other emerging-market regions fall somewhere in between. ... In Europe, inherited wealth still makes up the majority of billionaire wealth, while the growth in US billionaires has been driven by self-made wealth.
billionaire  highnetworth  profile  research  developingworld  developedworld  Europe  USA  author:TimothyTaylor  ConversableEconomist  2016 
march 2016 by inspiral
SaaS And The Family Office: Meeting The Needs Of Next-Gen Clients And The Regulator | Wealth-X
A cloud-based, SaaS model allows for unrivaled flexibility, automation and timeliness for a younger generation of clients who expect real-time access to their investments.
familyoffice  softwareasservice  investment  highnetworth  informationtechnology  WealthX  2015 
january 2016 by inspiral
Family office survey: Measuring the market
Deloitte presented the outcome of its survey conducted in close collaboration with the L.A.F.O.
to over 100 family of ces and wealth management professionals, enabling players of the family of ce market to better understand the characteristics of this activity in Luxembourg via the analysis of four key pillars:
- The family of ce market
- Family of ce clients’ perspectives
- Family of ces’ perspectives
- A SWOT analysis aimed at highlighting the strengths, weaknesses, opportunities and threats of each type of player of the family of ce market
The survey results presented in this brochure
further underline the competitive advantages of the Luxembourg market, as well as its primary local assets, which play a signi cant role when analysed from a global wealth management perspective.
familyoffice  investment  highnetworth  Luxembourg  review  Deloitte  2016 
january 2016 by inspiral
The Future Of Family Offices: Emerging Platforms | Family Offices | Bloomberg Professional
The emergence of a new cohort of technologically savvy scions, coupled with a growing group of digitally connected activist investors, is forcing more family offices to develop efficient IT platforms.
familyoffice  investment  highnetworth  tech  informationtechnology  softwareasservice  Bloomberg  2015 
january 2016 by inspiral
As governments push to close
taxation loopholes, the private wealth management industry has come under sharp scrutiny. Yet keen to remain competitive, family of ces are innovating to better serve their clients, while keeping well within the limits of the law.
familyoffice  investment  highnetworth  tech  informationtechnology  softwareasservice  Bloomberg  2014 
january 2016 by inspiral
Family office experts outline top trends for 2015 | Campden FB
Multiple jurisdictions, private equity, generational mathematics, soft services and professionalisation are some of the trends set to rock the family office sector in 2015, according to three family office experts.
familyoffice  investment  highnetworth  trends  review  CampdenFB  2015 
january 2016 by inspiral
2015 Private Wealth Outlook The ongoing institutionalization of the single family of ce
The FO industry continues to undergo a tremendous amount of change and at a much more rapid pace than prior to the nancial crisis. A series of factors, some internal and many external, is causing FOs of all types to gravitate towards a more institutional structure.
A good rst step toward achieving institutional structure is for family members to agree on the long-term vision of the family and to memorialize it into a mission statement. Other steps include embedding the mission statement in the FO’s operations by building a governance structure that supports the statement and building the organization around that structure. Due to the unique needs of each family, there is no right or wrong answer on any of the variety of elements in the organizational structure. However, it is expected that there will be an increase in hiring of subject-matter experts, the use of third-party advisers, and the outsourcing of key roles, such as CFO, CIO, and CTO.
Another key part of the governance structure is the master risk framework, which will vary widely by FO and should be designed to identify and mitigate the risks most likely to impact the FO. To be effective, the risk framework should have strong internal controls, which can be particularly helpful in combatting fraud.
A challenging component of the institutionalization process is how best to harness technology. FOs realize that they need to improve their use of technology, and to do so, they are increasingly expected to turn to technology outsourcing and cloud computing solutions.
In the end, it is expected that FOs will continue to evolve away from operating as a small family business in 2015 and increasingly look like their institutional wealth and investment management counterparts.
familyoffice  highnetworth  investment  review  Deloitte  2015 
january 2016 by inspiral
The Five Most Important Family Office Trends Of 2015 | Wealth-X
It is a busy period in the family office world, which is still adapting to the fall-out from the global financial crisis, the creation of new wealth, the consolidation of traditional institutional providers and increasing confusion in the very definition of family offices. Service providers are equally in flux, looking for specialised credentials, and we are seeing more of an interest in cross-country alliances. Having studied the current state of the family office industry, we have found five “C” trends.
familyoffice  highnetworth  investment  trends  WealthX  2015 
january 2016 by inspiral
For the Wealthiest, a Private Tax System That Saves Them Billions - The New York Times
“We do have two different tax systems, one for normal wage-earners and another for those who can afford sophisticated tax advice,” said Victor Fleischer, a law professor at the University of San Diego who studies the intersection of tax policy and inequality. “At the very top of the income distribution, the effective rate of tax goes down, contrary to the principles of a progressive income tax system.”
taxation  highnetworth  wealthy  taxavoidance  politics  lobbying  USA  NYTimes  2015 
december 2015 by inspiral
Most Billionaires Can't Stay That Rich After 20 Years, UBS Says - Bloomberg Business
Once a billionaire, not always a billionaire.
Most of the world’s richest families 20 years ago have seen their fortunes shrink in the intervening decades, according to a report from UBS Group AG and PricewaterhouseCoopers released Tuesday. More than half, or 56 percent, of people with at least $1 billion in net worth in 1995 were not in that bracket as of 2014, the study said.
highnetworth  billionaire  UBS  research  wealth  Bloomberg  2015 
december 2015 by inspiral
China Inc: The party vs the elite -
As a result, many are now bracing themselves for a potential clash of power and money in China. Any such tussle would pit one of the world’s most enduring authoritarian political parties against hundreds of recently minted billionaires, shattering the previously cosy relationship between the two.
GuoGuangchang  highnetworth  wealthy  corruption  government  China  FinancialTimes  2015 
december 2015 by inspiral
See the Most Expensive, Extravagant Mansion in L.A. | Details
On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. The asking price—$500 million—would shatter records, but, as ridiculous as it sounds, in L.A.'s unbridled real-estate bubble, this house could be billed as a bargain.
realestate  porperty  wealthy  highnetworth  LosAngeles  NileNiami  interview  Details  2015 
november 2015 by inspiral
Global Wealth Report - Credit Suisse
Now in its sixth edition, the Credit Suisse Global Wealth Report is the most comprehensive and up-to-date source of information on global household wealth.
wealthy  wealth  highnetworth  country  region  statistics  global  CreditSuisse  2015 
october 2015 by inspiral
Half of world's wealth now in hands of 1% of population – report | Money | The Guardian
Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new report.

The middle classes have been squeezed at the expense of the very rich, according to research by Credit Suisse, which also finds for the first time that there are more individuals in the middle classes in China – 109m – than the 92m in the US.
wealth  highnetworth  inequality  incomeinequality  growth  research  statistics  UK  USA  China  CreditSuisse  Guardian  2015 
october 2015 by inspiral
Do rich people have their own Internet?
With no incentive to create an Internet for everyone, a class divide seems nearly inevitable. It’s perhaps not surprising, then, that the wealthy browse a radically different Internet than we do, the result of self-selection, artificial curation, and a desire, perhaps, to avoid being forced to rub shoulders with the hoi polloi.
internet  inequality  wealthy  highnetworth  Netropolitan  DailyDot  2014 
september 2014 by inspiral
Ultra-rich man's letter: "To My Fellow Filthy Rich Americans: The Pitchforks Are Coming"
The oldest and most important conflict in human societies is the battle over the concentration of wealth and power. The folks like us at the top have always told those at the bottom that our respective positions are righteous and good for all. Historically, we called that divine right. Today we have trickle-down economics.
wealthy  highnetworth  inequality  incomeinequality  minimumwage  critique  NickHanauer  TopInfoPost  2014 
july 2014 by inspiral
Lessons from a $110 million penthouse — Medium
It’s a physical manifestation of r>g: the way that the rich get richer, while people who have to work for a living fall further and further behind. Any $110 million apartment, of course, will be emblematic of extreme wealth inequality. But beyond that, the only way for the owner of the building to realize the incredible increase in value that the top floors have seen in recent years was to keep them empty. If you need income, you can’t get the wealth; if you want the wealth, you can’t chase the income.
realestate  wealthy  highnetworth  NewYork  WoolworthBuilding  incomeinequality  inequality  author:FelixSalmon  Medium  2014 
june 2014 by inspiral
Surge in Asian millionaire clients is opportunity for private banks -
Asia is producing more new wealth than any other part of the world at any point in history. Over the past five years, the assets of rich individuals have grown at triple the rate of the wealthy elsewhere, while the number of rich people has increased by twice that of other regions, according to the recent annual survey by Capgemini and Royal Bank of Canada.
wealthy  millionaires  highnetworth  China  Asia  growth  Europe  FinancialTimes  2014 
may 2014 by inspiral
Library - Barclays Wealth Insights
Reports looking at high net worth individuals and their financial management needs
highnetworth  wealthy  barclaywealth  imported 
march 2011 by inspiral
Barclays Wealth Insights
Profile high net worth individuals and associated wealth management issues
highnetworth  wealthy  wealthmanagement  barclayswealth  2010  imported 
march 2011 by inspiral
World Wealth Report 2010 | Publications | Capgemini Worldwide
Growth size and profile of the high net worth population globally.Email address: password: WundermanInfo
highnetworth  wealthy  global  capgemini  merrilllynch  imported 
march 2011 by inspiral
Global Wealth Report
Report running through the state of the wealthy and a run down of key markets
highnetworth  wealthy  global  creditsuisse  2010  imported 
march 2011 by inspiral
The Rise of the New Global Elite - Magazine - The Atlantic
Feature article looking at the growing gap between the very wealthy and the rest of the world and the characteristics of this group.
highnetworth  audience  theatlantic  2011  imported 
january 2011 by inspiral

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