A team of advisors from Wells Fargo which specializes in handling high-net-worth individuals are joining Raymond James in the move to expand services to its clients. Financial advisors Geoffrey Sisk, Hynson Marvel and Jason Statuta manages about $600 million at ...
Venture capital was proven to be successful in 2018 thanks to sovereign wealth funds (SWFs), says Pension & Investments Online. Based on a report released by the International Forum of Sovereign Wealth Funds (IFSQF), these funds boosted the exposure...
The US-China trade war is still on-going, four-weeks in a row now. Given President Donald Trump’s decision to raise tariffs by $325 billion just this week, not only businesses from two nations will suffer, but also the investors which drive...
Lu Wenrong, a Chinese monk, is under the spotlight once more after he spent GBP 42 million (USD 54.2 million) to build his own temple on Hainan Island, a popular tourist destination, reports Daily Mail. The Yuchan Palace, construction...
The total number of billionaires all over the world dropped by 5.4% in 2018, according to Wealth-X. In its 2019 Billionaire Census, the high net worth data and intelligence company said the increased market volatility, global trade tensions, and a...
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 famous Lemonade performer is expecting a windfall of $300 million from Uber IPO. As Uber goes public on the New York Stock Exchange last Friday, May 10, 2019, early investors are slated to receive millions of dollars from...
Goldman Sachs Group Inc, a leading multinational investment bank, is nearing a deal to buy United Capital Financial Partners Inc, a financial management firm based in California, for several hundred million dollars. The acquisition, according to sources, will be Goldman’s...
Saudi Arabia’s Public Investment Fund (PIF) recently reported $200 million in losses caused by Uber’s initial public offering (IPO), says CCN. The PIF was one of the first investors in the ride-sharing app, investing billions in the company in...
Ed Sheeran has reportedly doubled his net worth after a year of his 2018 world tour. According to news sites, the singer has skipped over Adele, now having £160 million under his name. Independent reports that the singer-songwriter was able...

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