Biggest source of wealth for royal family could be at seaMARK HENNESSY
Yet among ordinary Swedes, billionaires are surprisingly popular. “Only the royal family, Astrid Lindgren, Abba and Bjorn Borg could compete in popularity,” wrote one newspaper in 2018 on the death of Ingvar Kamprad, the founder of Ikea. Talk oflevyingharsh taxes on the wealthy is met with...
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proposes two competing explanatory frameworks for the existence and longevity of super-fortunes: superstar or winner-take-all mechanisms, suggesting an increased dominance of new self-made billionaires; and mechanisms focusing on inherited advantages, suggesting an enduring importance of old family fortunes...
28.“Anger at the wealth gap is no longer about dukes in horse-drawn carriages; it’s about vast, tax-dodging corporations. This will not be assuaged by seeing the royal family claiming to live as we do. If anything, that will make us angrier.”— Victoria Coren Mitchell ...
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He is a co-founder of The UHNW Institute, an independent “think tank” directed at the needs of ultra-high-net-worth families and their advisors. Previously, he was CEO of Geller Family Office Services, a partner at Convergent Wealth Advisors, the regional president of Mellon Private Wealth...
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The Saudi royal family are estimated to have a net worth of around $1.5 trillion. That’s a family whose wealth represents roughly the entire GDP of wealthy countries like Australia, South Korea, or Canada. Or about 45,000 years in time – when Aboriginals first arrived in Australia to ...