Almost a quarter of all household wealth in the UK is held by the richest 1% of the population, according to alarming new research that reveals a historic underestimation of inequality in the country. The study found that the top 1% had almost £800bn more wealth than suggested by official statistics, meaning that inequality has […]
Category Archives: UHNWI
07
Jan
Jan
The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla’s share price increased on Thursday. He takes the top spot from Amazon founder Jeff Bezos, who had held it since 2017. Mr Musk’s electric car company Tesla has surged in value this year, and hit a market value of $700bn (£516bn) for […]
04
Jan
Jan
Tech billionaire Elon Musk is making good on his promise to “own no home”—an out-of-the-blue pledge he made in the spring—selling a handful of Los Angeles properties last week for upward of $60 million. The Tesla boss, 49, has parted with four homes, according to listing records and sources. All are now part of the […]
31
Dec
Dec
The Los Angeles home of late fashion designer David Hayes, who famously dressed former First Lady Nancy Reagan, sold on Wednesday for $4.26 million. Located in Beverly Hills, the three-bedroom, five-bathroom residence was originally listed in September for $5.9 million, according to listing records. The house was designed by architect Bob Ray Offenhauser specifically for […]
29
Dec
Dec
Lin Qi, 39, was the chairman and chief executive of games developer Yoozoo, best known for the Game of Thrones: Winter Is Coming strategy game. The Shanghai police statement pointed to one of Mr Lin’s colleagues – identified only by his surname Xu – as the main suspect. Mr Lin was believed to have a […]
29
Dec
Dec
The French fashion giant’s career spanned more than 70 years, and his modern style helped usher in the post-war “golden age” of couture. He also broke ground by bringing designer styles to the masses with some of the first ready-to-wear collections. A business pioneer, he also licensed his name for a wide range of products. […]
Property, UHNWI
Jeff Bezos, Jeffrey Katzenberg and David Geffen Led 2020’s Biggest Real-Estate Deals
22
Dec
Dec
Many U.S. billionaires got richer during the pandemic, thanks in part to the recovery of global stock markets. It’s perhaps unsurprising then that, while individual markets were impacted to dramatically different degrees, the ultra-high end of the real-estate market didn’t crash in 2020 as a result of the Covid-19 crisis. While the New York City […]
22
Dec
Dec
The Neverland ranch of the late pop star Michael Jackson has reportedly been sold to a billionaire investor for a quarter of its initial asking price. Ron Burkle, a former friend of Jackson, recently bought the estate in Los Olivos, California, his spokesman said. He paid $22m (£16.2m) for Neverland, the Wall Street Journal reported, citing […]
Property, UHNWI, Vehicles
For $50 Million, One Buyer Will Receive an Aston Martin-Designed Penthouse and a Vulcan Hypercar
21
Dec
Dec
The newest ultra-luxury waterfront address in downtown Miami is 300 Biscayne Boulevard Way, home to what will be the tallest residential building south of New York City when it’s completed in 2022. The 60-story Aston Martin Residences will have 391 residences, 38 of which are designated US$6 million “01” apartments for the full Aston Martin […]
21
Dec
Dec
The auction of Villa Firenze, a mansion in Beverly Hills, California, once asking $165 million, will take place over eight days beginning Jan. 26, according to Concierge Auctions, which is handling the sale. The 13-bedroom Italian palazzo-style mansion and surrounding 9.87-acre estate in the ultra-affluent, guard-gated Beverly Park community is likely to be the most […]