Rich People
AIF commitments top Rs 13 trillion as HNIs prefer diversification
Data from the Securities and Exchange Board of India (Sebi) shows that total funds raised by AIFs reached Rs 5.27 trillion, with total investments exceeding Rs 5 trillion in December
 "AIF commitments top Rs 13 trillion as HNIs prefer diversification")
Investing for ultra-rich: Family offices are booming in Australia's Perth
Since 2019, as the rich get richer, the number of family offices worldwide has more than tripled, to almost 4,600 last year, according to investment data provider Preqin Ltd
 "Investing for ultra-rich: Family offices are booming in Australia's Perth")
Russia's Putin hints at higher taxes for wealthy individuals, companies
Businessmen who invest in Russia should have their assets and property rights protected, Putin said, and taxes for small and medium-sized businesses in Russia should be reduced
 "Russia's Putin hints at higher taxes for wealthy individuals, companies")
Nearly all wealth gained by world's rich this year comes from AI
The biggest winners include Huang and Mark Zuckerberg, whose Meta Platforms is the second-best performer on the S&P 500 Index after Nvidia for the second year in a row
 "Nearly all wealth gained by world's rich this year comes from AI")
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
 "Super-rich with family offices hiring away experts, other creative stars")
Richest 1% of Indians now own 13 times more wealth than bottom half: Oxfam
The burden of tax, especially indirect, falls more on the poor half
 "Richest 1% of Indians now own 13 times more wealth than bottom half: Oxfam")
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
 "Gautam Adani overtakes Bill Gates to become 4th richest person in the world")
'We needed to go': Rich Americans activate Covid-19 pandemic escape plans
New Zealand features prominently in plans for doomsday survival
 "'We needed to go': Rich Americans activate Covid-19 pandemic escape plans")
From Paris, London to Tokyo, this is where the world's super rich live
Business opportunities, lifestyle desires, hospitals and transportation infrastructure are all factors that draw the super-rich to splash out on homes in large cities
 "From Paris, London to Tokyo, this is where the world's super rich live")
Getting rich is largely about luck, shame the wealthy don't want to hear it
In countries where the rich have less, they tend to be less delusional, about themselves
 "Getting rich is largely about luck, shame the wealthy don't want to hear it")
