Ultra-rich
Coverage of Ultra-rich in the Nexus archive.
- China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts
Beijing has introduced a tax on offshore trusts, traditionally used by China's ultra-rich to hold assets, prompting a rush to legal experts and urgent cash mobilization. The surprise policy has caused shock among high-net-worth individuals, who are now scrambling to manage their offshore wealth.
- Family offices bet on sports, from pickleball leagues to smart soccer balls
Family offices, which manage wealth for the ultra-rich, are increasingly investing in sports ventures such as pickleball leagues and smart soccer balls. This trend persists despite AI startups dominating current deal-making news.
- The Swiss town flooded by Dubai's ultra-rich: Queues form around the block for apartments as picturesque canton is inundated with wealthy elite after UAE exodus
The Swiss town is experiencing a surge in demand for apartments as Dubai's ultra-rich seek to relocate, leading to long queues. The influx follows an exodus from the UAE, with the picturesque canton becoming a hotspot for the wealthy elite.
- The Swiss town flooded by Dubai's ultra-rich: Queues form around the block for apartments as picturesque canton is inundated with wealthy elite after UAE exodus
A Swiss town is experiencing a surge in demand for apartments as wealthy individuals from Dubai, part of a UAE exodus, flock to the picturesque canton. Queues have formed around the block for properties, highlighting the influx of ultra-rich residents.