Wealth

Which is the wealthiest generation in Australia? [infographic]
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Feel like you’re doing it tough and the generations before you earned more and had it easier? Maybe you’re right. According to new research by demographers and researchers McCrindle, the generation aged 65+ managed much higher income increases than the younger working age Gen Ys. This infographic is based on analysis of the ABS Household Income…

Australia’s rich give little – and a culture of secrecy surrounds their philanthropy
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There is a view that philanthropy from super-wealthy individuals, rather than government policy, will be the force that changes the world for the better. But this seems unlikely in Australia, writes… Bronwen Dalton, University of Technology Sydney and Elizabeth Cham, University of Technology Sydney Wealth in Australia is becoming heavily concentrated among a tiny, super-wealthy…

Some amazing facts about the billionaires of this world
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Despite the world’s economy going through a bit of a rough patch, late last year Yahoo Finance reports that 155 new billionaires were minted over the previous year and the world’s billionaire population is at an all-time high. According to the Wealth-X and UBS Billionaire Census 2014 there are 2,325 billionaires around – a 7 percent increase from 2013. Where are…

These Are The World’s Top 50 Wealthiest Billionaires [infographic]
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Who are the worlds wealthiest people? Bill Gates. Warren Buffett. Mark Zuckerberg. George Soros. Charles and David Koch Today’s infographic below takes an in-depth look at the world’s wealthiest billionaires by breaking down important data on age, location, and the source of their fortunes using the latest information from Wealth-X, Billionaires by Geography  The lion’s share…

The Top 3 Concerns of the Ultra Wealthy
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Did you know that there are 211,275 ultra high net worth (UHNW) individuals in the world and they have a combined net worth of nearly US$30 trillion?  But what keeps them up at night? Wealth-X conducted an Attitudes Survey in conjunction with Knight Frank to gain insights into the motivations and behaviours of the ultra wealthy around wealth management,…

Is this why the rich keep getting richer?
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It’s sometimes said that “the rich get richer, and the poor get poorer” and sometimes, it is true. Why? Largely it comes down to knowledge and the law of reinforcement – wealthy people tend to understand finance and tax laws, and they increase their financial skills through habit. As Aristotle said: “we are what we…

The very rich are growing even richer [video]
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AUSTRALIA has 32 billionaires, according to last year’s UBS  Wealth X 2014 report. And not surprisingly 14 are based in Sydney. We’re doing pretty well as there are only two billionaires in New Zealand and forty in the whole of Africa, which has two fewer than in 2013. Now this is interesting: For the first time there…