Westend61 | Westend61 | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The number of family offices in the world has tripled since 2019, setting off a new race … Read more
Many passport rankings focus on one factor: visa-free travel. But passport strength is more complex than this, according to the tax and immigration consulting firm Nomad Capitalist. That’s why it produces a weighted annual index that analyzes five criteria: Visa-free travel — 50%Taxation — 20%Global perception —10%Ability to hold dual citizenship — 10%Personal freedom (freedom … Read more
Harness Wealth, which started in 2018 primarily offering financial advice to startup founders and employees, has expanded into the tax advisory space and raised a $17 million extension to its Series A round, bringing that financing to $32 million. It is offering a new tax advisory platform that, it says, powers the practices of leading … Read more
Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. “(Our) agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in … Read more
Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings. Catherine Falls Commercial | Moment | Getty Images A gigantic wealth transfer over roughly the next decade will likely make millennials “the richest generation in history,” according to a … Read more
The sun sets on the skyline of midtown Manhattan, the Empire State Building and Hudson Yards in New York City on February 17, 2024. Gary Hershorn | Corbis News | Getty Images The entry barriers to the 1% rich club have been getting tougher across the world. Here’s how much you need to join the … Read more
‘Just tell the honest truth!’: Ramit Sethi slams Kevin O’Leary for repeating the tired trope of creating wealth by skipping coffee, says ‘frugality’ isn’t the key to riches Buying coffee to-go has become a hot topic in personal finance. Some high-profile financial experts are convinced that overspending on lattes and cappuccinos is among the key … Read more
Ho Chi Minh City, Vietnam. Marty Windle | Moment | Getty Images Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & … Read more
Lucy Alexandra Spencer spent 16 weeks abroad last year in Oman, France, Switzerland and Portugal. Unlike with most people, traveling is how she earns — rather than spends — money. The trips are paid for by Spencer’s employers — they’re wealthy Europeans and Americans who hire her to travel with their families for weeks and, … Read more
After nearly four years, the Eastern & Oriental Express is back on the rails. The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic. The luxury train has been operating in Southeast Asia … Read more