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Households lost a record €6.6 trillion across the world in 2022
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Millionaires are burning through our carbon budget, scientists warn
Millionaire spending will make clean transition ‘less likely’, a new report has warned.
Elon Musk breaks record for largest loss of personal fortune
Elon Musk has set a Guinness World Record for the "largest loss of personal fortune in history” following his takeover of Twitter.
Who are Europe's richest people?
Unsurprisingly, some of the richest people in Europe are also the money behind the continent’s most famous brands: L’Oréal, Louis Vuitton, Zara, Chanel and Nutella.
Wealthy collectors spend more than ever on art amid economic crisis
Billionaire collectors are spending more on art than ever before despite economic shock of the war in Ukraine, the pandemic and rampant inflation.
Teen who tracked Elon Musk’s jet is now chasing Russian oligarchs
The US student famous for tracking Elon Musk’s jet has turned his focus to Russian tycoons hit by sanctions over the country’s invasion of Ukraine.
Ukraine passes law to limit oligarchs' influence on politics
The law will prevent wealthy businessmen in Ukraine from funding political parties or taking part in the privatisation of state assets.
First space, now immortality: Jeff Bezos’ quest to cheat death
The former Amazon CEO has reportedly invested in Altos Labs whose stated purpose is to research how to reverse ageing in cells.
Environmentalists wary as private jet demand soars post lockdown
Flights departing from the UK and France account for more than a third of all private jet emissions in Europe.
Nine billionaires created by discovery of COVID-19 vaccines, say NGOs
The new billionaires include five people associated with Moderna and three from CanSino Biologics, a Chinese vaccine company.
These billionaires are Europe's richest people, according to Forbes
Forbes released its annual list of the world's wealthiest people. We take a look at the top European billionaires.
World's poorest to recover financially from COVID pandemic in 10 years
The 10 richest billionaires on the planet have collectively seen their wealth increase by €444 billion since the start of the coronavirus pandemic, while millions have fallen into poverty.
Cristiano Ronaldo is first footballer to earn more than $1 billion
The Portuguese football superstar's 17-year career on the field has so far netted him $650 million with the rest coming from endorsement deals.
The Aliyev fraud case shows that financial advisors could get caught up in criminal probes ǀ View
The Aliyev case demonstrates that professional advisors may become personally caught up in the UWO issues surrounding work they have done for their high net worth clients. Those professionals would be well-advised to take great care to protect themselves from unfounded allegations.
The refusal of Zamira Hajiyeva’s appeal is not the victory the NCA think it is ǀ View
Enthusiasts for the UK’s still relatively new system of Unexplained Wealth Orders are cheering the recent victory of the NCA against Zamira Hajiyeva in the Court of Appeal. There are, however, at least two reasons why the rest of us should be more circumspect about cheering this particular result.
Capitalism is failing us all. Could Islamic economics be the answer? ǀ View
Once we strip away the Arabic terminology, concepts like zakat can return our economies to the common sense-based, transparent and equitable set up that the architects of modern capitalism envisaged.