Tag: Wealth management
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Goldman Sachs Announces Acquisition of Industry Ventures in $7 Billion VC Push
Goldman Sachs Expands into Venture Capital with Industry Ventures Acquisition Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco-based venture capital firm managing about $7 billion in assets under supervision. The deal, valued at $665 million in upfront cash and equity with potential additional consideration of up to $300 million based on future…
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Early Retirement at 40 in Switzerland: A Bold Yet Possible Dream
The Dream: Early Retirement at 40 in Switzerland In Switzerland, the idea of retiring at 40 might seem like a chapter from utopia. The country’s high cost of living and the structure of its pension system typically push retirement planning toward the traditional age. Yet, stories from the ground show that a path to financial…
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UBS Headquarters Move to the US: A Viable Option or a Risky Prestige?
Context: What the UBS headquarters move would mean Rising chatter about UBS potentially relocating its corporate headquarters to the United States has stirred debate across financial markets. The proposal would entail moving the parent company’s seat from Switzerland to the US, with regulatory oversight shifting from the Swiss FINMA to the U.S. Federal Reserve. A…
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The Declining Allure of Singapore for China’s Wealthy
The Shifting Tide of Wealth: Singapore and China In recent years, Singapore has established itself as a vital hub for wealthy mainland Chinese families seeking a safe refuge. However, recent trends indicate a gradual decline in Singapore’s allure among China’s rich, reversing years of inflow that significantly benefitted the city-state’s economy. Background: The Rise of…
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The Decline of Singapore as a Wealth Hub for China’s Rich
Introduction: Singapore’s Wealth Landscape Once regarded as a prime destination for wealthy mainland Chinese families, Singapore is witnessing a significant shift in its appeal as a wealth management hub. After a surge in interest following the political upheavals in Hong Kong in 2019, the country is now experiencing a decrease in its attractiveness for China’s…
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Who Will Inherit Sunjay Kapur’s ₹31,000 Crore Empire?
Introduction The passing of Sunjay Kapur has raised significant interest regarding his extensive fortune, estimated at ₹31,000 crore. This staggering amount has sparked discussions on who will inherit this wealth: Karisma Kapoor’s children or Sunjay’s ex-wife, Priya Sachdev. In this article, we delve into the details of this inheritance battle and the implications it holds…