You Searched For "wealth transfer" and got 20 results
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2 mins read
At $110 billion, Indian diaspora diverted more wealth than any other to its home country in 2022
While this is undoubtedly an impressive figure, it probably comes as no surprise, considering that …
9 mins read
'My kids can have whatever's left over': the myth of the Great Boomer Wealth Transfer
Boomers hold half of America's wealth — but they're going to spend it on themselves before th…
Ann C. Logue
2 mins read
How much wealth you need to be in the top 1% in countries around the world
Americans need a minimum of $5.8 million net worth to be in the top 1% of US wealth — less than hal…
Noah Sheidlower
2 mins read
Gen Z is confident in its ability to build up wealth — at least the rich ones are
Among high-income earners, Gen Z is most confident in their ability to get richer.
Hannah Getahun
2 mins read
Billionaire investor Ray Dalio says the 'Great Wealth Transfer' explains the US economy's resilience
Exactly why the economy continues to defy expectations is open to debate, but billionaire investor …
Joseph Wilkins
2 mins read
GOP Senate candidate David McCormick has up to $2.2 million in a 'dynasty trust' that allows him to evade wealth taxes potentially forever
"Dynasty trusts" allow their holders to avoid estate taxes for an extremely long time: 800 years in…
Bryan Metzger
5 mins read
What you need to know when you exercise your stock option plan
A few days ago, Infosys offered 5.11 lakh shares to its employees under Employee Stock Ownership Pl…
1 min read
Meet the typical baby boomer: Worth $206,000, they've been blamed for ruining the economy for millennials and are in the midst of the 'gray tsunami'
They were brought up during some of America's biggest defining events in living history, from the V…
Hillary Hoffower
2 mins read
Sanctioned oligarch Alisher Usmanov, the 5th-richest person in Russia, previously transferred his assets to trusts and doesn't own them anymore: report
Alisher Usmanov's spokesman told Reuters his properties were transferred to irrevocable trusts in 2…
Huileng Tan
2 mins read
Russia's so desperate to get its billionaires and their massive wealth back that it just threatened to seize the assets of an oligarch worth $13 billion
The lawsuit alleges Melnichenko's purchase of power plant operator Sibeco five years ago was corrup…
Huileng Tan
2 mins read
Asia's richest woman loses more than half her fortune as China's property crisis escalates
Yang Huiyan, Asia's wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billi…
1 min read
Alex Jones is transferring his money away so he doesn't have to pay Sandy Hook victims, NYT reports
A court ordered Alex Jones to pay almost $1.5 billion to the families of the 2012 Sandy Hook school…
Sarah Al-Arshani
36 mins read
These 44 pitch decks helped fintechs disrupting trading, investing, and banking raise millions in funding
Looking for examples of real fintech pitch decks? Check out pitch decks that Qolo, Lance, and other…
Shannen Balogh,Anita Ramaswamy,Dan DeFrancesco,Carter Johnson,Bianca Chan,Asia Martin,Ann Gehan
3 mins read
The massive gap between rich and poor Americans costs the US economy more than $300 billion every year, study says
The top 10% is the only group to have their income share grow since 1979. That's slowing economic g…
Ben Winck
2 mins read
Embattled crypto group DCG is reportedly under investigation by US prosecutors over money transfers at lending arm Genesis
The SEC and DOJ are probing Digital Currency Group over money flows between the crypto conglomerate…
Zahra Tayeb
12 mins read
Black homeowners in Houston say they're still patching up holes in their floors nearly five years after Hurricane Harvey
After hurricane Harvey, paperwork requirements and other rules made many Black homeowners in Housto…
DeArbea Walker
2 mins read
The EU slapped sweeping sanctions on Russian oligarchs — but now it's struggling to enforce them
Most EU countries can only freeze, not seize assets — so sanctioned billionaires may be able to con…
Huileng Tan
3 mins read
A new class of oligarchs could rise from Putin's seizure of Western assets, says an expert in Russian finance
Russia's original oligarchs built their fortunes through a 1990s scheme under which they lent money…
Huileng Tan
2 mins read
Control of an investment firm linked to sanctioned oligarch Roman Abramovich switched to one of his close business associates the day Russia invaded Ukraine, report says
Norma Investments was controlled by Abramovich but on February 24, ownership shifted to "right-hand…
Huileng Tan
2 mins read
Roman Abramovich transferred superyachts and private jets worth $4 billion to his children just before the Ukraine invasion, report says
The oligarch's assets, including the $700 million Eclipse superyacht, were transferred shortly befo…