Thursday, November 26, 2020
Forbes recently accused Kylie Jenner of “white lies, omissions and outright fabrications” after kicking her from its list of billionaires. The report revealed the process that the Kardashian-Jenner family allegedly took to place the Kylie Cosmetics owner to the...
The Kingdom of Saudi Arabia’s foreign reserves fell sharply by $21 billion in April, following the transfer of 150 billion riyals to finance an investment overseas. The net assets of the world’s biggest economy fell for 4.5 percent in April,...
As Japan Prime Minister Shinzo Abe looked to double down on the country’s stimulus package, the cabinet members approved a $1.1 trillion (¥117 trillion) fresh funding last Wednesday, May 27, 2020, to help keep businesses and households afloat amidst...
While millions struggle with massive job losses, the top 1% have witnessed a soar in their net worth during the COVID-19 pandemic. In a report published by The Institute for Policy Studies and Americans for Tax Fairness on Thursday,...
Saudi Arabia’s sovereign wealth fund has recently bought numerous minority stakes in major United States companies. This brings the sovereign wealth fund to a portfolio valued at approximately $10 billion, notes Reuters. The Saudi Arabia Public Investment Fund (PIF) clocks...
Canadian households can emerge from the pandemic wealthy given their high-value properties, according to a study by TD Economics. The paper titled ‘Impact of the Pandemic on Key Canadian Household Financial Indicators’ was written by Ksenia Bushmeneva. The study indicates...
Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire, notes Tech Crunch. Besides Sequoia Capital, who led...
The virus pandemic has been lining the pockets of healthcare billionaires as they see a sudden spike in the stock prices of companies developing outbreak-related solutions, said Forbes. This surge made one person a billionaire while increasing the riches...
A report by the Institute for Policy Studies revealed how the richest people in America have seen a wealth surge by $280 billion in just 23 days, despite pandemic. Between March 18 and April 23, the combined wealth of America’s...
CI Financial, a diversified wealth management firm based in Toronto, announced Tuesday it is set to acquire a strategic interest in the RIA and sub-advisory firm, The Cabana Group. In a press release, the Toronto-based company said that the transaction...

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