Investors
How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion
The “Great Wealth Transfer” is in full swing, as over $100 trillion is expected to be transfered from older generations to their heirs through 2048, according to Cerulli Associates. Goodboy Picture Company | E+ | Getty Images As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a […]
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Congress to vote on new restrictions on U.S. investment in China
Newly-elected members of the U.S. Congress pose for a photo on the steps of the U.S. Capitol in Washington, U.S., November 15, 2024. Hannah Mckay | Reuters Congress is set to vote in the coming days on legislation restricting U.S. investments in China as part of a bill to fund government operations through mid-March, lawmakers said […]
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Invesco launches ETF to maximize on the tech concentration craze
ETF Edge Invesco launches ETF to maximize on the tech concentration craze Published Sat, Dec 14 202411:00 AM EST Krysta Escobar WATCH LIVE Source
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From failed accountant to Marvel and Barbie star: Simu Liu shares how he got out of ‘rock bottom’
Simu Liu speaks on stage during the People’s Choice Awards on Feb. 18, 2024, in Santa Monica, California. Rich Polk| NBCUniversal | Getty Images Marvel’s first Asian superhero star, Simu Liu, says he hit “rock bottom” before finding “enlightenment” as an actor — after his career as an accountant was a flop. “I spent maybe […]
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Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors
The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold. “Bitcoin, pure and simple, it’s a return play, and I think that people have been jumping […]
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‘Many dark times’: How this startup founder overcame self-doubt and started a $100-million-a-year business
Jeffrey Tiong, founder and CEO of PatSnap. Courtesy of Jeffrey Tiong. Many entrepreneurs will say that building a successful startup is costly — both financially and emotionally. Just ask Jeffrey Tiong. The 40-year-old is the founder and CEO of intellectual property and research and development startup Patsnap, a Singapore-based unicorn company that has surpassed an […]
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This Australian quit her job at 24 and started a business out of her parents’ garage—now, it brings in over $100 million a year
Jane Lu, founder and CEO of Showpo. Courtesy of Jane Lu. Growing up, Jane Lu dreamt of waking up every morning and putting on a power suit to go to work at a fancy corporate finance job in one of the tall city buildings. Today, the 38-year-old is the founder and CEO of online fashion […]
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I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside
Anton Wormann, 32, moved to Japan in October 2018. Courtesy of Anton Wormann Anton Wormann, 32, has always had a passion for DIY projects and creating beautiful spaces. So, after he discovered that his neighbor’s property had been abandoned, he decided to purchase it and bring it back to life. Upon inspection, Wormann discovered that […]
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BlackRock, Fidelity snap up Hyundai India shares in record $3.3 billion IPO
The Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard, in the outskirts of Ahmedabad, India, October 8, 2024. Amit Dave | Reuters Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country’s largest share offering yet. The Government […]
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How I built a $2 billion a year super app called Grab: ’20 hour’ work days
Anthony Tan didn’t need to start a business to be rich. He grew up as the youngest of three sons in one of Malaysia’s wealthiest families. His father, Tan Heng Chew, is the president of Tan Chong Motor, a multinational automobile distributor founded by Tan’s grandfather in the 1950s, that’s publicly listed on the Kuala […]
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