The UAE expects to see a net inflow of 6,700 millionaires from around the world by the end of 2024, according to new research.Buena Vista Images | Stone | Getty ImagesThe United Arab Emirates is set to be the world's leading wealth magnet for the third year in a row.That's...
Category: Wealth
Beatrice Advisors launches to serve millennial and Gen Z investors from diverse backgrounds
Christina Lewis, founder of Beatrice Advisors, at her home office with a portrait of her father, Reginald Lewis.Cindy JohnsonChristina Lewis had her first asset allocation meeting with her wealth manager when she was 13.“I remember the meeting well,” Lewis said. “It was a turbulent time for my family. And [the...
Family offices are planning big investments in private companies
Westend61 | Getty ImagesFamily offices are increasingly becoming their own private equity funds and investing in companies directly, according to a new survey.A majority (62%) of family offices made at least six direct investments last year, where they buy a stake in a private company or provide lending, according to...
‘Wealth can be pretty isolating’: Problems that rich people face, according to therapists
Depressed young male smoking cigarette, drinking alcohol and holding his head in hand.Mixmike | E+ | Getty ImagesCan money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass.While wealth can bring with it some unconventional problems — such as...
Aston Martin gets a boost from Formula 1 and new high-performance models
With a parade of new models and a marketing tailwind from Formula 1, sports carmaker Aston Martin expects to become cash-flow positive this year, according to Executive Chairman Lawrence Stroll."We're now at a really transitional moment, with an inflection point for this company," Stroll told CNBC. "We're introducing all our...