Rich

StanChart aims $200 bn in new wealth assets, eyes Chinese, Indian clients

The bank sees good growth opportunities particularly as clients look to move businesses out of China

Globally-mobile millionaires threaten to leave Britain over tax revamp

Starmer says the overhaul will make Britain's tax system fairer and raise funds for stretched public services

UK PM Rishi Sunak, wife Akshata Murty's fortunes rise in 2024 Rich List

British Prime Minister Rishi Sunak and wife Akshata Murty, who made their debut in the annual Sunday Times Rich List' two years ago, have moved up the ranks in the 2024 edition released on Friday thanks to the Murty's lucrative Infosys shareholding. The couple, both 44, have risen from 275th last year to 245th with an estimated wealth of GBP 651 million, making them the wealthiest people to call 10 Downing Street home. Murty's earnings are said to far exceed that of her husband as financial statements published in February are quoted to say Sunak made GBP 2.2 million in 2022-23 compared to Murty's estimated GBP 13 million in dividends over the past year. The couple's most valued asset is Murty's shareholding in Infosys, a Bangalore-based IT company co-founded by Murty's father [Narayan Murthy], reads the newspaper's analysis. Over the past year, the shares have grown in value by GBP 108.8 million to nearly GBP 590 million. The latest annual report suggests that Murty received about

Philanthropy grows in country but rich more giving than super-rich: Report

The sharp rise was driven primarily by significantly bigger contributions from just two individuals: Azim Premji and Shiv Nadar

Super-rich with family offices hiring away experts, other creative stars

This is an option nowadays not not just for chefs burned out by the daily grind of restaurants, but accountants, investment advisers, personal shoppers

Here's how much wealth you need to join the richest 1% across globe

Switzerland and Australia have the next highest entry points to the 1%, requiring net worth of $6.6 million and $5.5 million, respectively, according to data released Wednesday

Billionaire Isreal Englander pays $1 bn to ex-wife who left him for a woman

World's one of the richest men pays $1 billion to his ex-wife after she left him for a woman in a civil lawsuit settled privately

New York risks losing wealthiest residents over high taxes: Official

An analysis by New York City's Independent Budget Office released this week showed that the number of city taxpayers who earned between $1 million and $5 million declined 11% in 2020

Gautam Adani overtakes Bill Gates to become 4th richest person in the world

Gautam Adani's wealth, on Thursday, stood at $115.7 billion, as compared to Bill Gates's $104.6 billion. In the last 24 hours, Adani has gained $337 million

For the rich, funerals are becoming one last extravagant display of wealth

A cottage industry of advisers is in place to meet the demand, and some wealth managers are encouraging clients to confront their own mortality and make advance plans