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Space Tourism: Financier and Entrepreneur Wimmer Could Reach Final Frontier Soon

Space Tourism: Financier and Entrepreneur Wimmer Could Reach Final Frontier Soon

A journey of a lifetime may be worth waiting decades for. Danish philanthropist, entrepreneur and financier Per Wimmer has already waited 15 years. This year, it seems like his long-awaited flight might finally take off. His destination is so exclusive that only 536 people have ever reached it.

Buying a Private Island: Investment or Luxury?

Buying a Private Island: Investment or Luxury?

At age 28, just six years after starting his business, a young Sir Richard Branson decided to buy himself the ultimate luxury - a private island in the Caribbean. Part of the British Virgin Islands (BVI), the 74-acre island was purchased in 1978 for an astonishingly low $180,000. However, Sir Branson soon realized that purchasing the island was only the first step in a very long and resource-intensive journey.

How the Wealthy Fly

How the Wealthy Fly

While most people imagine the ultra-wealthy regularly traveling via their own private jets, the reality is private aircraft are a costly affair. Outright ownership of a private jet remains reserved for billionaires. The average net worth of a jet owner is $1.5 billion, according to the Jet Traveler Report 2018, published by Wealth-X and private jet company VistaJet.

Unconventional Assets: Classic Cars as an Investment

Unconventional Assets: Classic Cars as an Investment

Investor interest in classic cars has grown enormously in recent years. “This enthusiasm has been powered by a rise in the number of aficionados and a perception among some that historic cars are a viable asset class,” equity analyst Patrice Collette said an article published by Capital Group. Collette points to the rising price for exquisite cars at private auctions as a clear indication that investors may be onto something. Last year, a red 1962 Ferrari 250 GTO sold for $48.4 million, breaking a world record for the highest bid for a classic car at an auction.

Is Fine Art a Good Investment?

Is Fine Art a Good Investment?

In 2005, a consortium of art dealers paid $10,000 for a damaged painting at a New Orleans auction. What the dealers initially described as one of many copies of a long lost masterpiece by Leonardo da Vinci turned out to be the original Salvator Mundi or Savior of the World.

Using a Trust to Support Beneficiaries with Behavioral Problems

Using a Trust to Support Beneficiaries with Behavioral Problems

Using a Trust to Support Beneficiaries with Behavioral Problems A combination of high stakes and amplified social pressure may be putting the next generation of wealthy families at increased risk. Children growing up in households in the highest income bracket face a higher risk of anxiety, eating disorders, drug abuse, depression, neuroses and self harming, according to researchers in the U.K.

Navigating Addiction and Behavioral Problems in the Family

Navigating Addiction and Behavioral Problems in the Family

Substance abuse, chronic addictions, eating disorders and mental illnesses have ripple effects that affect nearly every member of a family. While behavioral issues impact families across all demographics, those with significant wealth face challenges that are compounded by vast resources and complex estates.

Sydney Increasingly Lures Ultra Wealthy

Sydney Increasingly Lures Ultra Wealthy

Sydney’s ultra wealthy population (those with $50 million or more in assets) is expected to increase by 37% in the next five years, according to Knight Frank. Australia’s economic growth, healthcare standards and low crime are attracting the wealthy from all over the world. The majority of the wealthy flocking to Australia is, however, from Asia - Mainland China in particular - according to government statistics.

Family offices see potential in Asian fashion

Family offices see potential in Asian fashion

Fashion defines the street in Asia. You cannot escape the stalls as you wander through Asian markets, top quality wear at prices that people can expect only in post-Christmas sales. Two people have caught the Asian fashion bug in a big way. Ankita Bose and Dhruv Kapoor decided that Asian fashion needs an online platform to reach the global consumer. Enter, Zilingo, which was born in Singapore and has since made in-roads in Malaysia, Thailand and Indonesia.

What Babson Now Offers Up for The Next Gen Family Office or Family Business

What Babson Now Offers Up for The Next Gen Family Office or Family Business

Babson College in Wellesley, Massachusetts, is one of the top ranking colleges for entrepreneurship education and the college has announced the launch of the Institute for Family Entrepreneurship. It is meant to be a hub for research, resources, and innovative programming dedicated to entrepreneurial students, business families and their family offices.

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