The Business Times

Private wealth

ASEAN Business

Why are millionaires leaving Vietnam?

Ultra-rich families
Companies & Markets

Higher operating costs are a stone in the shoe – even for the rich eyeing family offices

Francois Pictet is part of the ninth generation of a family that became associated with Pictet Group in 1841.
International

Ninth-generation Pictet leader banks on organic growth and partnerships

Despite heightened uncertainty and rising living costs, nearly two-thirds of affluent investors in Singapore remain confident about achieving their long-term financial goals.
Singapore

US$1.39 million: That’s the sum Singapore affluents say they need to retire comfortably

Traditional destinations such as Singapore, Australia, Canada, and New Zealand appear to be losing their appeal, with their lowest net inflows on record provisionally expected in 2025, said a report by Henley & Partners.
Companies & Markets

Singapore’s millionaire inflow to halve in 2025: report

In 2024, the number of active companies in the Dubai International Financial Centre rose 25% on year to 6,920, with a record annual number of registrations of 1,823 new companies.
Companies & Markets

Dubai expects to shine in times of volatility due to stability, talent attraction

Alisa Wood, KKR partner, believes there will be a big "compression of returns" from public equities going forward, and investors need to diversify into private markets.
Wealth & Investing

KKR eyes bigger share of private wealth market as it targets US$1 trillion total AUM

UBS, which is known for its wealth management offerings globally, already operates offices elsewhere in the Gulf, including in Dubai, Riyadh, Qatar, and Bahrain. 
Banking & Finance

UBS to open Abu Dhabi office as more clients move to Mideast

FILE PHOTO: Bill Gates, co-chair of Bill & Melinda Gates Foundation, gestures as he speaks during a summit on climate and growth at the Bercy Finance Ministry in Paris, France, December 5, 2023. REUTERS/Stephanie Lecocq/File Photo
International

Bill Gates to give away US$200 billion by 2045, accuses Musk of harming world's poor

Whether a young person can afford to buy a house and live in relative comfort is determined by inherited wealth nearly as much as it is by their own success at work.
Opinion & Features

The return of inheritocracy

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