Private Wealth
Blackstone targets two new European markets in global wealth push
To help expand the business, Blackstone has promoted Sheila Rapple to chief operating officer for EMEA wealth, who relocated to London from New York in October
 "Blackstone targets two new European markets in global wealth push")
Inheritance tax: An idea doomed to failure
If levied, within 20 years we will see a repeat of V P Singh's 1985 Budget speech proposing abolition because of its meagre yield and high cost of collection
 "Inheritance tax: An idea doomed to failure")
Inheritance rights of adopted children vary on the basis of religion
Hindu and Christian personal law treat adopted child on a par with natural-born ones
 "Inheritance rights of adopted children vary on the basis of religion")
Covid-19: Global pvt wealth takes a hit; India sees 20% dip in Jan-March
India sees 20 per cent drop in total wealth in January-March 2020 period; fares worse than global drop of 15 per cent
 "Covid-19: Global pvt wealth takes a hit; India sees 20% dip in Jan-March")
$5-trillion economy to double individual wealth to Rs 800 trillion: Karvy
Overall individual wealth is currently estimated to be Rs 430 trillion
 "$5-trillion economy to double individual wealth to Rs 800 trillion: Karvy")
At rich kid summer camp, big banks try to hook heirs for a lifetime
On one level, these programs-also held in cities such as Zurich, London and Singapore-represent high-end networking opportunities where the young and rich can be young and rich together
 "At rich kid summer camp, big banks try to hook heirs for a lifetime")
Total individual wealth in India is a whooping Rs 304-lakh crore: Karvy
It expects the individual wealth in India to grow to Rs 558-lakh crore at a CAGR of 12.9% over the next five years
 "Total individual wealth in India is a whooping Rs 304-lakh crore: Karvy")
