wealth
Inequality in wealth distribution is prevalent across Europe. The wealthiest 10% on the continent own a staggering 67% of the wealth, while the bottom half of adults possess only 1.2% of it. The role of inheritance, estate and gift taxes are largely discussed in addressing inequalities. Some 19 of 27 EU countries levy wealth transfer taxes. However, revenues from inheritance, estate, and gift taxes exceed 1% of total taxation in only two EU countries, namely Belgium and France. What is inheritance tax?Inheritance tax is a specific form of wealth taxation. Net wealth taxes that are levied perio...
Euronews (English)
New York (AFP) - Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars. The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune. Other industry heavyweights who've hit the mark -- Rihanna and Jay-Z among them -- have earned their massive wealth in part via fashion brands, alcohol companies or entertainment holdings, among other interests. Along with her vast songwriting catalog, Swift staged ...
AFP
New York (AFP) - Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars. Along with her vast songwriting catalog, Swift staged the first billion-dollar tour ever -- the ongoing Eras Tour has boosted economies and delighted fans around the world. Swift, 34, also has a significant real estate portfolio, with homes in New York, Beverly Hills, Nashville and a coastal mansion in Rhode Island. Her touring milestone was one of many records Swift shattered over the past year, including winning a fourth Gram...
AFP
Wealth inequality is very much evident across the world, and Europe is no exception: the wealthiest 10% on the continent own a staggering 67% of the wealth, while the bottom half of adults possess only 1.2% of it. The extent to which wealth is unevenly distributed varies considerably from country to country too, as shown by Credit Suisse and UBS's Global Wealth Report 2023. Net worth or “wealth” is defined as the value of financial assets plus real assets (principally housing) that households own, minus their debts. Its unequal distribution is measured by the Gini coefficient and the share of ...
Euronews (English)
Last year saw the creation of an average of 70 very wealthy investors every day and this is a trend that shows no sign of slowing down. The world's ultra-wealthy population rose by 4.2% and the number is expected to climb 28% during the five years to 2028, according to real estate consultancy firm Knight Frank. Their latest Wealth report found that the number of ultra-high-net-worth individuals or UHNWIs - someone with a net worth of $30 million (€27.6 million) - or more across the globe swelled to 626,619, from 601,300 a year earlier. This was due to increased investment in shares on the hope...
Euronews (English)
In a world that constantly bombards people with images of wealth and success, it’s no wonder to feel the pressure of presenting a facade of wealth. Many people believe that the appearance of success will lead to real success, or they might be afraid of being judged or left behind if they don’t appear to be on the same financial level as their peers. However, pretending to be rich can have serious financial consequences that can devastate those who fall into this trap. This post explores the dangers of pretending to be rich, how irrational spending leads to financial crises, and the importance ...
ValueWalk
Billionaires’ success stories are always fascinating. Want to know how the world’s most popular Billionaire, Elon Musk is making money? If so, this article has got you all covered. According to Forbes, Elon Musk is one of the richest men in the world. Let’s see, how did Elon reach these heights? Elon Musk is the founder of famous companies like Tesla, SpaceX, Twitter, and OpenAi. Unlike Jeff Bezos or others, he is currently making money through different companies and businesses. In addition, he co-founded a Boring Company that aims to reduce traffic. Elon also co-founded PayPal, the “Payoneer...
ValueWalk
In today’s world of economic uncertainty, managing your finances can seem like a daunting task. Shifts in the market and inflation are making it harder to make ends meet for millions of people. Heck, even buying eggs has become financially complicated this year. Being in charge of a business during this time takes a team of people to be successful. Over the course of every entrepreneur’s lifetime, they hire the following: an accountant, an attorney, insurance agents (both personal and business), a banker, an investment adviser, etc. The list goes on. What’s more, finding the right people that ...
Due
Inflation is a global issue at the moment, and every country is dealing with the fallout from financial pressure with different levels of success. Individuals concerned with wealth generation are also scrambling to react to the circumstances. One way to stay a step ahead of inflation is by effectively building wealth. This can ameliorate monetary shortcomings in the short term. It can also position an individual’s investment portfolio for accelerated growth when inflationary pressures ease in the future. Here are a few tips to help create a wealth-generation strategy in an inflationary environ...
Due
Recessions are part of the business cycle. However, this doesn’t mean they must be painful or destructive to our finances. Many industries hold their own and even thrive during economic downturns. The secret is finding these recession-proof industries. It’s unfortunate, but there’s simply no way around recessions. We all have to go through them. Read on as we look at some of the best choices to safeguard and grow your money during recessions, from everyday purchases to real estate. How To Invest With a Recession On The HorizonWhen you think about it, a recession is always approaching, even in ...
Due
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