Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 56 results for "Millionaires"

Australia's 1% just keep getting richer: Study

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... and across the globe, with the poorest people paying higher tax rates than many high-flying chief executives and millionaires," Spinks said. "Staggeringly, just 42 Australians now have a combined wealth of close to $236 billion. "Cutting taxes for high ...

Millionaires worry about retirement

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
According to new research, 35% of millionaires believe it will take a miracle to retire securely. Natixis Investment Managers released The Million Dollar Question report which evaluates retirement sentiment among high-net-worth (HNWI) investors. It ...

Singapore to be millionaire capital by 2030: Report

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
It's estimated that Singapore will have the highest adult population of millionaires by 2030, overtaking Australia by 7%. HSBC has issued The rise of Asian wealth and revealed roughly 13.4% of Singapore's adult population will be millionaires ...

Pandemic created a new billionaire every 30 hours: Oxfam

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... inequality, including one-off taxes on billionaires' pandemic windfalls and permanent wealth taxes; an annual wealth tax on millionaires starting at just 2% on wealth over $5 million and 5% for billionaires could generate $2.52 trillion a year, it said. ...

High-net-worth investors richer, optimistic

ANNABELLE DICKSON  |  MONDAY, 22 NOV 2021
... research shows. New research commissioned by Praemium and carried out by Investment Trends found the total number of millionaires in Australia jumped 31% to 635,000 over the last 12 months. Investors with $2.5 million to $5 million of assets rose from ...

Australia among the richest nations

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... personal income rose overall. The US (7.2%), Germany (0.8%) and Canada (2.3%) are some examples. Australia recorded 1805 millionaires at the end of 2020, increasing by 392 year on year. Australia is among several countries like Germany, Japan, France ...

US surpasses Asia Pacific for HNWI growth

ELIZABETH MCARTHUR  |  FRIDAY, 10 JUL 2020
... their wealth grew by 8.2%. There are approximately 183,000 ultra-HNWI in the world. There are 1.75 million mid-tier millionaires with between US$5 million and US$30 million in investable assets in the world and 17.6 million "millionaires next door" with ...

Aussie millionaires are cashed up: Report

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
A new report finds the majority of Australian millionaires are cautious investors and prefer to leave their wealth in cash rather than risk capital erosion. The 2019 State of Wealth Report, which is based on research conducted by Crestone Wealth Management ...

Aussie HNWIs slip down global rankings

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
Australia's high-net-worth population slumped in the rankings of a global wealth study as millionaires shifted their portfolio to cash amid share market uncertainty. According to Capgemini's annual World Wealth Report, the number of Australian ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
... grow significantly over time as more people retire, with the people most affected being average Australians, not millionaires, who have saved hard to get a better retirement," Hamson said. "We also believe the current proposal is unlikely to raise nearly ...