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Showing 31 - 40 of 57 results for "Richest 1%"

International pension funds buy London City airport

MARK SMITH  |  FRIDAY, 26 FEB 2016
Three Canadian pension funds and the Kuwait Investment Authority have won the takeover battle for London City airport with an offer of about £2 billion ($3.9 billion). A consortium made up of Ontario Teachers' Pension Plan (OTPP), Borealis, AIMCo and ...

FIIG offers Apple bonds

MARK SMITH  |  TUESDAY, 8 SEP 2015
Fixed income specialist FIIG Securities has added Apple bonds to its DirectBonds Service, giving private investors, SMSFs and clients of financial planners their first chance to access the bonds. Like the 300-plus other bonds on the DirectBonds list ...

Alibaba co-founder tops China rich list

STAFF WRITER  |  THURSDAY, 25 SEP 2014
Alibaba co-founder Jack Ma has become China's richest person with a net worth of US$25 billion, according to a new survey. Ma, who founded the Chinese e-commerce giant from his apartment, reached the top of the wealth list by Hurun Report for first ...

Packer launches $200 million philanthropic fund

MARK SMITH  |  WEDNESDAY, 23 JUL 2014
Gaming billionaire James Packer has launched a $200 million philanthropic fund to support the arts and Indigenous education for the next 10 years. The Foundation will be funded jointly by the Packer Family Foundation and the Crown Resorts Foundation ...

BRICs without BRI

BENJAMIN ONG  |  WEDNESDAY, 26 MAR 2014
The timing may be varied - as early as 2027 and not until 2050 - but there was almost universal consensus that their grouping would eventually supplant the Group of 7 (G7) as the richest countries in the world. You guessed it Virginia, these are the ...

Gina gets richer but falls down list

AAP  |  WEDNESDAY, 5 MAR 2014
Mining magnate Gina Rinehart has tumbled 10 places on a list of the world's wealthiest, despite getting richer. Rinehart's wealth is estimated to have increased in the past year by $786.65 million to $19.89 billion, but she fell from a ranking of 36 ...

Rich get richer fastest in Australia

MARK SMITH  |  WEDNESDAY, 22 JAN 2014
The increase in the share of income going to the wealthiest 1% since 1980 rose faster in Australia than any country bar the US, a new Oxfam report reveals. The report, titled 'Working for the Few', shows the rising levels of inequality between the richest  ...

Australian millionaire numbers surge on strong economy

MARK SMITH  |  THURSDAY, 20 JUN 2013
The Australian high net worth (HNW) market is growing faster than the global average, according to the 2013 World Wealth Report. The annual Capgemini and RBC Wealth Management report showed that the number of millionaires in Australia grew by 15.1% ...

Switzerland falling out of favour with UHNWs

MARK SMITH  |  FRIDAY, 19 APR 2013
Switzerland will lose its status as the private banking capital of the world by 2020, according to a new WealthInsight report. The research group, which tracks global trends in the ultra high net worth segment of the market, said it expected Singapore ...

Super debate heats up ahead of Budget

MARK SMITH  |  THURSDAY, 28 MAR 2013
The debate on super tax concessions continues as Budget day looms, with superannuation peak body ASFA coming to its defense - but with action group GetUp! joining the fray with an opposing view. The Association of Superannuation Funds of Australia (ASFA)'s ...