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More Next-Gen Women Taking the Lead in Family Businesses

More Next-Gen Women Taking the Lead in Family Businesses

In 2013, attendees at the Reliance Industries annual general meeting in Mumbai were stunned when a 21-year-old woman took the stage alongside the company’s leadership team. Isha Ambani was joining her father Mukesh Ambani and taking a more active role in the family business, according to India’s Economic Times.

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.

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.

The Biggest Risk to Your Estate Plan

The Biggest Risk to Your Estate Plan

Much of the estate planning process addresses essential questions about taxation, trust structure, management of assets and expected returns. But a recent survey conducted by TD Wealth finds that the biggest issue in estate planning is often the least talked about - fa...

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.

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.

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.

Investing Through Borders

Investing Through Borders

Last week, business circles in Mumbai were abuzz with the news that the real estate billionaire Surendra Hiranandani had obtained a Cyprus citizenship and relinquished his Indian one. Before anyone could say ‘live tax-free’ he was quick to clarify that the reason he was leaving the shores was the ease of travel a European passport afforded, providing quick entry to most countries in the world.

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