wealth
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)
The world’s five richest men have more than doubled their fortunes since 2020, while the poorest 60 per cent have lost money, according to an Oxfam report released on Monday in Davos, Switzerland, where the annual World Economic Forum (WEF) is being held. According to data from research company Wealth X, the combined wealth of Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Mark Zuckerberg – the five richest men in the world - has increased by €423.8 billion ($464 billion), or 114 per cent since 2020. Within the same timeframe, the world’s poorest 4.77 billion people have lost 0.2 pe...
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...
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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
As I begin to write this blog, I am pulling up my “Stocks” app on my iPhone. Let’s just say this, there is a lot more red on that app than green. And it’s been that way most days this year. The vortex of uncertainty that includes inflation, interest rates, supply chain, global discord and retail profits have led to a gradual, broad reduction in stock prices. And that naturally has people concerned; they see their balance sheets down in value and, assume that its impact is also lessened. That assumption, while understandable, is typically incomplete and, more likely, inaccurate. Q1 2022 hedge f...
ValueWalk
What would consider the most esteemed job in the world? For many, this would be holding the office of President of the United States of America. Although the job has prestige, it doesn’t pay as much as you would assume. While in office,the U.S. president receives an annual salary of $400,000. They also have an expense account of $50,000. While not too shabby, that’s not as well as the very rich earn. Nonetheless, the U.S. president is/was doing pretty well financially. I mean Abraham Lincoln is estimated to have had a net worth of $1.36 million in today’s money. And, that’s considered one of t...
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I’m not going to mince words about this. When it comes to finances, a lot of people are struggling. According to a survey by NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health, nearly 40% of US households experienced serious financial difficulties in 2021, including the inability to afford medical care and food. Obviously, COVID-19 played a role in this. However, prior to the pandemic in 2019, a whopping 70% of Americans reported that they were struggling financially. While numerous external factors have contributed to our financial troubles, one componen...
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