Wealth Leaders News
Italy plans exit tax for wealthy expatriates under 2027 budget
Italy is seeking new ways to tax affluent residents as it revises incentives that had helped attract wealthy expatriates and professionals over the past decade. A draft 2027 budget proposes a 26 ...
U.S. calls grow to block AI IPOs and expand billionaire taxes
Debate over wealth concentration and financial risk is intensifying in the United States as prominent voices argue that new tech listings could deepen economic inequality. The criticism centers on ...
Palmer Luckey opposes California billionaire tax, keeps operations and residence in state
California's proposed billionaire tax is sharpening divisions among wealthy technology executives over whether to remain in the state. Palmer Luckey says he plans to stay despite opposing ...
Sergey Brin-backed California group expands spending beyond Prop 40 fight
California's proposed wealth tax is driving a broader political spending campaign by some of the state's richest donors ahead of the Nov. 3 ballot. Sergey Brin has contributed $102 million to ...
Glencore proposes CEO pay overhaul amid takeover scrutiny
Glencore is discussing changes to chief executive Gary Nagle's pay package that would let long-term share awards vest sooner if the miner is taken over and he leaves the company. The proposal ...
U.S. renter market draws more millionaire households as Southern cities lead growth
High-end renting is expanding in the U.S. housing market as more households earning at least $1 million a year choose leases over home purchases. New data show millionaire renter households have ...
California billionaire tax vote draws record spending in high-stakes ballot fight
California voters are set to decide whether to impose a one-time 5% tax on billionaires as the state braces for healthcare funding pressure tied to federal cuts. The ballot fight is becoming one ...
Elon Musk political spending sets modern U.S. midterm donor record
With the 2026 U.S. midterm campaign entering its final stretch, Elon Musk is emerging as the biggest single-cycle political donor in modern U.S. history. His support for Republican-aligned groups ...
UK younger workers face deepening income and wealth pressures
Economic pressures are weighing more heavily on younger people in the UK as living costs rise and financial stability becomes harder to secure. Recent studies point to stagnant wages, debt burdens ...
Raffles launches Coconut Grove luxury residences as Miami wealth inflows lift demand
Miami continues to attract ultrawealthy homebuyers, reinforcing demand for high-end residential projects in neighborhoods such as Coconut Grove. Raffles is entering that market with its first ...
St. James's Place reports weaker client inflows as market caution weighs on third quarter
Investor caution ahead of the UK budget and volatile market conditions are weighing on new money at British wealth manager St. James's Place. The company says third-quarter net inflows fall ...
Wealthy Chinese families seek second passports as offshore tax scrutiny rises
Affluent Chinese are increasingly weighing foreign citizenship as tighter oversight of offshore wealth raises concerns over taxes, mobility and geopolitical risk. Because China does not allow dual ...
HMRC targets UK-linked billionaires in tax compliance drive
Britain's tax authority is stepping up scrutiny of the country's richest taxpayers with a new list of more than 200 UK-linked billionaires. HMRC says the initiative is part of a broader effort to ...
Utmost Group completes ULP sale, plans £215 million shareholder return
Utmost Group has completed the sale of Utmost Life and Pensions, its bulk purchase annuity business, as it narrows its focus to core international wealth solutions operations. The transaction also ...
Rio Tinto proposes CEO pay overhaul amid mining talent competition
Mining companies are facing intensifying competition for senior executives as pay rises across energy, aerospace and other sectors reshape compensation benchmarks. Rio Tinto is proposing a 56% ...
Palo Alto Networks CEO pay package shrinks after investor opposition
Investor pressure on executive compensation is reducing pay at Palo Alto Networks after repeated shareholder resistance to the company’s remuneration plans. Chief Executive Officer Nikesh Arora ...
UK wealth tax debate faces political barriers ahead of Burnham budget
Debate over taxing extreme wealth intensifies in the UK as Andy Burnham's first budget is expected to avoid measures such as a levy on fortunes above £10 million or aligning capital gains tax ...
U.S. buyers drive yacht demand as Fort Lauderdale show tests market
With the Fort Lauderdale International Boat Show opening this week, yacht brokers and builders are relying on wealthy U.S. clients to sustain momentum in a market that has cooled from its ...
California billionaire tax vote sharpens debate over U.S. revenue and wealth mobility
California is putting a one-time tax on billionaire wealth before voters as Democrats and economists debate whether states can raise more revenue from the ultra-rich. The proposal highlights a ...
Estate planning secrecy raises conflict risks in U.S. wealth transfer
As trillions of dollars are set to move between generations, advisers are warning that silence around wills and inheritance plans is increasing the risk of family disputes. New survey findings and ...
Vitabiotics sale to Bain Capital cements Lalvani family wealth in UK supplements sector
The July sale of Vitabiotics to Bain Capital underscores the scale of a family business built over decades in the UK vitamins market. The deal values the company at about £900 million, ...
