wealth

JPMorgan issues US ‘wealth shock’ warning

US household wealth has fallen by at least $5 trillion so far this year amid an intense market selloff, according…

2 years ago

World’s biggest sovereign wealth fund takes a hit

Norway announced on Thursday that the nation’s sovereign wealth fund, the world’s largest, lost $74 billion (- 4.9%) during the…

2 years ago

US billionaires own trillions in largely untaxed wealth – report

The 735 billionaires who call the US home have watched their wealth surge 62% over the last two years, reaching…

2 years ago

Would giving €20,000 to every 18-year-old reduce the world’s soaring wealth inequality?

Should every 18-year-old be handed €20,000? That’s what an influential German think tank believes. It may sound somewhat utopian or…

2 years ago

Musk explains why his wealth is no ‘deep mystery’

“I don’t have any offshore accounts, no tax shelters,” Musk told conservative satire website the Babylon Bee, adding that his…

2 years ago

China overtakes US in global wealth race

China’s wealth skyrocketed over the past two decades, the consulting company said according to Bloomberg, explaining that its net worth…

2 years ago

China’s cash-strapped developer Evergrande starts repaying wealth product investors with property

Investors interested in redeeming wealth management products for physical assets should contact their investment consultants or visit local offices, a…

3 years ago

Russia’s sovereign wealth fund cuts US dollar reserves to ZERO

The proportion of US dollars in the fund was reduced from 35% to zero, while the share of the British…

3 years ago

Jeff Bezos’ wealth soars above $211 BILLION after Pentagon calls off Microsoft contract

Amazon shares jumped 4.7% on the announcement, prompting Bezos’ net worth to soar $8.4 billion on Tuesday alone. Bezos, who…

3 years ago

Money from home: Richest US families keep wealth to themselves instead of generating more, study reveals

Titled “Silver Spoon Oligarchs,” the new study showed how the top 0.01% richest Americans retained their wealth in spite of what…

3 years ago