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Family Enterprise Profile: Zóbel de Ayala Family – Ayala Corp

Family Enterprise Profile: Zóbel de Ayala Family – Ayala Corp

Owned by the Zóbel de Ayala family, the Ayala Corporation is the oldest and largest conglomerate in the Philippines. Over nearly two centuries, the holding company has been diversified and expanded into sectors ranging from retail to healthcare. What began as a small distillery started by Domingo Róxas and Antonio de Ayala during the Spanish Colonial era is now the linchpin of the country’s economy.

Should You Start a Family Office?

Should You Start a Family Office?

There is immense competition in the wealth management industry to land the ultra wealthy as clients. Families with more than $30 million in assets are regularly courted by investment and financial services firms to manage their financial affairs.

Trends Driving Mumbai’s Rapid Wealth Creation

Trends Driving Mumbai’s Rapid Wealth Creation

Mumbai is the fastest growing city in terms of wealth creation. Last year, the city’s total wealth surpassed that of Toronto, Frankfurt and Paris, according to a report by Knight Frank. Home to 28 billionaires and $950 billion in total wealth, Mumbai is currently the 12th wealthiest city in the world.

Africapitalism: The Vision of Tony Elumelu, Heirs Holdings Founder

Africapitalism: The Vision of Tony Elumelu, Heirs Holdings Founder

Nigerian entrepreneur, investor and philanthropist Tony Elumelu coined the phrase Africapitalism. “First, we can’t talk about the digital economy in Africa without fixing critical infrastructure like the digital connectivity issue. It is a major issue and we can’t fix it if we don’t have reliable access to electricity,” he said at the Digital Economy for Africa forum at the World Bank Group’s annual Spring meetings held in Washington D.C. last April.

Private Wealth Funding Nex Gen Waste Management Startups

Private Wealth Funding Nex Gen Waste Management Startups

Startups that address the growing, global need for solid waste management solutions are attracting the attention of private wealth. In 2012 the world’s cities generated 1.3 billion tons of solid waste annually and with rapid population growth and urbanization, this is expected to rise to 2.2 billion tons by 2025, according to World Bank researchers. The global solid waste management market will reach $1.296 trillion in 2022, according to a report by Research and Markets.

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