Known for their fortunes racked up from drug companies, the Sackler family is now focusing on worldwide profits after a previous lawsuit resurfaces, Bloomberg reports. The lawsuit was filed in New York, intending to uncover the whereabouts of the...
Lori Loughlin, one of the most famous names of parents to be included in the college admissions scandal, has been indicted for money laundering. Together with the actress, her husband, designer Mossimo Giannulli, was also charged for money laundering...
Last Monday, December 2, 2019, Axis Bank of India revealed its new line of wealth management services. The services are exclusive only for the growing ultra-rich Indian sector in the country.
Financial and wealth management services from the firm will...
Malaysian Prime Minister Dr Mahathir Mohamad said on Monday that Malaysian wealth must not only be given to Malays and Bumiputeras but also other minorities as well.
Highlighting racial equality in his speech at the monthly gathering in the Prime...
The world’s biggest cocoa producers, Ivory Coast and Ghana have agreed to set a minimum floor price of $2,600 per tonne as a move to increase farmers’ incomes.
The two western African countries haven’t made a dent into the international...
United States Senator Bernie Sanders just announced another proposal which he calls “income inequality tax,” which seeks to increase the tax imposed on corporates that perpetuate the wage gap, says The Washington Post. This comes after the announcement of...
Recently, United States banks have experienced an increase in interest rates. With the Federal Reserve raising the rates, interest rates increased to stretch within 2.25% and 2.5%.
However, The Washington Post reveals that big institutions are not paying their clients...
Over 31,000 people have just joined the ranks of the world’s ultra-wealthy last year following the increase in property prices and rising global stock markets, a report titled The Wealth Report 2020 reveals.
According to the article, compiled by property...
For most Americans, a person should have a personal net worth of $2.3 million, according to a new survey.
The figure is 20 times more than the actual median wealth of U.S. households, according to the 2019 Modern Wealth Survey...
The wealthiest individuals and families in Hong Kong are taking a third of their overall assets in cash as the political unrest continues in the region.
According to financial experts, millionaires and billionaires already fear of recession due to the...
