#net worth individuals

[nitw]

youtuber i watch who's playing disco elysium rn passed the shipping container check on his first try at 3% chance and i was genuinely just as flabbergasted as he was

[gem-femmes]

do you see a lot of obvious hypergamy in your circles?

My experience with “Old money”& “New money” in Europe and England 🇬🇧🇪🇺🏛️💰

Europe 🍷📚💼

I come from a young country, so there is no “old money” circle to speak of in the sense of wealth spanning several generations of a family. All money here is relatively recent.

Older HNWIs (my parents' generation) mostly married people from the social circles they grew up in—uni or friends—and they usually became wealthy together. It's also the story of my parents.

In the older generation, I know a few hypergamous couples. Usually, the woman is the second wife/partner to a wealthier older man after his divorce or becoming a widower.

The children of this older generation are my age. Almost all of them are marrying people from the same background/social class. These people are mostly low key and hardworking.

No one is flashy in their everyday life, but you'll eventually find out about expensive cars, boats, yachts, watch collections, numerous properties they're renting out, vacation homes etc.

It's different with people who are the first generation of “new money”, usually self-made men in their 30s and 40s. In these couples who have just entered “new money” circles, I guess hypergamy is more frequent and obvious.

The aesthetic for women in this circle is different flavors of high maintenance. Everyone in this circle, men and women, enjoys showing off to some extent, expensive bags, watches, jewelry, cars, vacations, media appearances.

The “new money” people and children of HNWIs are like night and day, even though we're the same age.

The funny thing is that because pretty much everyone who's rich here made their money in business, these two social classes often intersect, working together as business partners. But socially, there's a very clear divide.

England 🏇🎻🍾

As for my experiences with “old money”, I was educated in England and still maintain ties there. England is populous so there's a huge variation of “new money”, and I won't get into that.

“Old money” English people can fly under the radar of foreigners at first glance because they have all those funny unspoken rules that new stuff and mainstream status symbols are gauche (eg. furniture, electronics, Birkins). Their residences are likely to be falling apart. This is perceived as "character" and "charm" in England.

But then you learn about their niche hobbies such as flying internationally regularly to watch their favorite sports team's matches, hunting in African countries, funding random vanity projects to keep their wayward kids out of trouble (they all give up in a year), and traveling between their various estates to just chill.

I enjoy visiting my English “old money” contacts, they are polite and generous, they can be genuinely sweet. But it's also obvious that they won't ever consider outsiders part of their circle, thus making hypergamy all the more challenging. You don't "network" with these people, the circle is closed.

There's this persistent, slightly sour undercurrent that collectively, they're not taking you seriously at all. Social class is set in stone in England, you don't transcend your station in life no matter how rich you become or what family you marry into.

I detected this undercurrent quite early when I moved to England and it put me off trying to get closer to them in whatever capacity. I didn't feel that it was worth it because I already have money. Hypergamy in this environment, taking into account the cons I sensed, wouldn't be a significant enough life upgrade for me. As an outsider, I could never be sure about their intentions.

Being easygoing and not nosy inadvertently turned out to be the right approach to keep lasting, if superficial connections with them.

There has been some interest of romantic/sexual nature on their side.

An anecdote I can share is once an older gentleman tried to set me up with his “tall and blonde” son. I already knew him well at that point but I still questioned his motive. I was young, sweet and naive, and at the time many wanted to take advantage of these qualities. Or maybe he genuinely thought well of me. Perhaps he wanted to test me, see what I'd do, for pure amusement. Who knows.

[sourjen]

If City bankers are struggling to get mortgages, what are the rest of us supposed to do? Istg this is something you'd see in the background of a heavy-handed dystopian thriller to foreshadow total collapse.

[alfredmarshall]

Financial Planning: Strategies for a Secure Future

Financial planning for a secure future involves setting clear goals, creating a budget, investing wisely, managing debt, and regularly reviewing your plan to adapt to life changes.

https://expo-wealth.com/financial-planning/

[homes-4-life]

Bayz 102 Dubai: A Strategic Investment Hub for Global High Net Worth Individuals

Introduction: In the glittering landscape of Dubai's real estate market, a new star is rising that promises to redefine luxury living and investment opportunities for high net worth individuals across the globe. Bayz 102 Dubai, the latest masterpiece from Danube Properties, is not just another addition to the city's iconic skyline – it's a testament to architectural brilliance, strategic location, and unparalleled investment potential. As we delve into the world of Bayz 102, we'll uncover why this development is capturing the attention of discerning investors from New York to Shanghai, and everywhere in between. Get ready to explore how this crown jewel of Business Bay is setting new standards in the realm of luxury apartments Dubai, and why it's poised to become the next big thing for those seeking to diversify their international property portfolios. Let's embark on an exciting journey through the corridors of opulence and smart investment that Bayz 102 Dubai represents!Bayz 102 Dubai: The Crown Jewel of Business Bay ApartmentsImagine waking up to panoramic views of Dubai's breathtaking skyline, with the Burj Khalifa piercing the clouds just outside your window. This is the daily reality for residents of Bayz 102 Dubai, the latest architectural marvel to grace the prestigious Business Bay district. But Bayz 102 is more than just a pretty facade – it's a carefully crafted ecosystem of luxury and functionality that sets a new benchmark for Business Bay apartments.From the moment you step into the grand lobby, you're enveloped in an atmosphere of understated elegance. The interiors, designed by world-renowned architects, blend contemporary aesthetics with timeless sophistication. Each apartment is a masterpiece in its own right, featuring premium finishes, smart home technology, and layouts that maximize both space and views.But what truly sets Bayz 102 apart from other luxury apartments Dubai has to offer is its unparalleled array of amenities. The development boasts a state-of-the-art fitness center that rivals any five-star hotel, complete with personal trainers and the latest equipment. For those who prefer to unwind in style, the infinity pool on the sky deck offers a surreal swimming experience with views that stretch to the horizon.Families haven't been forgotten in this oasis of luxury. A dedicated children's play area and indoor games room ensure that residents of all ages have spaces to enjoy. And for those inevitable work-from-home days, a fully equipped business center provides a professional environment without ever leaving the building.One of the most exciting features of Bayz 102 is its commitment to sustainable living. The building incorporates cutting-edge green technologies, from energy-efficient lighting systems to water conservation measures, ensuring that luxury doesn't come at the cost of environmental responsibility

[wealthnsociety]

High Wealth Individuals: Understanding Their Impact and Needs

The world of high wealth individuals is a fascinating one, marked by unique financial strategies, investment opportunities, and lifestyle choices. These individuals, often classified as high net worth investors, possess substantial assets and influence, shaping the financial landscape in significant ways. Understanding the needs and characteristics of high wealth individuals can provide valuable insights into their investment behaviors and wealth management strategies.

High wealth individuals typically have assets that exceed a certain threshold, often defined as $1 million or more, excluding their primary residence. This wealth allows them access to exclusive investment opportunities, sophisticated financial products, and personalized advisory services. As high net worth investors, they seek to diversify their portfolios beyond traditional investments, exploring alternative assets such as private equity, hedge funds, and real estate.

One of the key aspects of managing wealth for high wealth individuals is the focus on preservation and growth. Unlike typical investors, high net worth investors prioritize strategies that not only aim for high returns but also protect their assets from market volatility and economic downturns. This often involves a mix of conservative and aggressive investment approaches tailored to their specific financial goals and risk tolerance.

Another significant consideration for high wealth individuals is estate planning and wealth transfer. Proper planning ensures that their assets are efficiently passed on to heirs and charitable organizations while minimizing tax liabilities. Wealth management professionals often assist high net worth investors in creating comprehensive estate plans, including trusts, wills, and philanthropic strategies, to align with their long-term objectives.

In addition to investment and estate planning, high wealth individuals also focus on lifestyle management. This includes everything from luxury real estate and art collections to bespoke financial services and concierge-level personal assistance. For high net worth investors, maintaining and enhancing their lifestyle requires a high level of customization and attention to detail.

The impact of high wealth individuals on the broader economy cannot be underestimated. Their investments and philanthropic activities often drive innovation, support community initiatives, and contribute to economic growth. As a result, many financial institutions and service providers actively seek to cater to the unique needs of high net worth investors, offering specialized products and services designed to meet their sophisticated requirements.

Understanding the dynamics of high wealth individuals provides valuable insights into their behaviors, preferences, and financial strategies. For those managing wealth or investing at this level, it's essential to stay informed about the latest trends and developments affecting this elite group. Whether through advanced investment strategies, strategic estate planning, or personalized lifestyle management, addressing the needs of high net worth investors requires a deep understanding of their financial goals and aspirations.

In conclusion, the world of high wealth individuals is characterized by complexity and exclusivity. Their approach to investment, estate planning, and lifestyle management sets them apart from other investors. By focusing on the unique needs and preferences of high net worth investors, financial professionals can better serve this influential group and contribute to their continued success and satisfaction.

[siliconpalms]

China’s Millionaire Exodus: Navigating New Roadblocks in Offshore Investment

China is on the brink of witnessing the largest net exit of millionaires in its history, with over 15,000 High-Net-Worth Individuals (HNWIs) expected to leave the country in 2024. This significant outflow of wealth is indicative of a broader trend among China’s affluent class: the pursuit of financial security and growth opportunities beyond the country’s borders. However, as more wealthy Chinese…

[nriwealth]

Discover top-tier wealth management services in California with NRI Wealth. Our expert team is dedicated to helping you secure and grow your financial future.

[sindoshipping]

Why Luxury Brand are into Hospitality Industry in Recent Time?

Luxury brands have increasingly ventured into the hospitality industry in recent years, driven by a desire to extend their brand experience beyond traditional retail. This strategic shift can be attributed to several key factors: market dynamics, evolving consumer expectations, industry trends, and the broader impact on the global market. The intersection of these elements has created a fertile…

[priyashareindia9]

Indian investors are spoiled these days with a range of choices when it comes to investing. 

From investment schemes offering monthly, quarterly, half-yearly, as well as annual returns to schemes offering taxable and non-taxable returns, the list is endless. Choosing the right investment avenue, therefore, may not be as easy as it appears. But a successful investor is not one who invests in the stocks producing maximum returns quickly but one who invests in stocks that are sustainable and that prevent you from paying taxes on your returns. One of the hugely popular investment options, especially among high-net-worth investors, is tax-free bonds.

[internationalwomenday]

Financing the Elimination of Female Genital Mutilation (CSW68 Side Event).

By bringing together leaders, policymakers, private sector stakeholders, civil society, and high-net-worth individuals, the event aims to inspire transformative and accelerated actions under high-level political guidance in response to the challenges under-funding poses to global crises.

The panel will:

Discuss available opportunities and actions required to increase funding or financing for the elimination of FGM in the context of ongoing humanitarian crises, such as climate change, the after-effects of COVID-19, conflict, etc.

Amplify the voices of survivors of FGM, young people and women-led organizations and

Recommit to ending FGM.

- Programme - Concept note - Watch Financing the Elimination of Female Genital Mutilation (CSW68 Side Event)!

[allinhalf-store-blog]

The Promising Future of the Yacht Chartering and Rental Market

The yacht chartering and rental market is poised for substantial growth, with companies like Sailogy SA and Antlos SRL leading the way. In this article, we will explore the factors contributing to this surge in revenue and the potential opportunities for investors in this thriving industry. Embracing the Luxurious Experience Yacht chartering offers a unique and opulent experience for those…

[thedacian]

A Comprehensive Guide to High Net Worth Financial Planning.

[beingjellybeans]

Sun Life Grepa's Heartfelt Pledge: "We Get You, We Got You" for a Secure Future

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a leading insurer in the Philippines, has unveiled its latest campaign, “We Get You, We Got You. Gets Ka Namin, Sagot Ka Namin.” This initiative is set to resonate with Filipinos from all walks of life, addressing their diverse financial needs and encouraging them to secure their futures. A Personalized Approach for Every Filipino Sun Life…

[wealthnsociety]

The Critical Role of High Net Worth Financial Advisors in CSR Certification Programs

In the dynamic environment of wealth management, the integration of Corporate Social Responsibility (CSR) has become a key element in shaping the ethical and sustainable practices of financial advisors, especially high net worth ones. This blog delves into the symbiotic relationship between high net worth financial advisors and CSR certification programs and sheds light on how their collaboration not only protects the financial interests of wealthy clients, but also contributes to the best of the best.

High net worth financial advisors, often tasked with managing a portfolio of significant wealth, find their people at the intersection of financial prudence and social responsibility. As clients increasingly seek to align their investments with ethical values, the role of these advisors goes beyond traditional wealth protection and growth. Integrating CSR certification programs into their professional repertoire is becoming imperative, signing a commitment to sustainable financial practices.

CSR certification programs serve as a structured framework for financial advisors to navigate the complexities of responsible investing. These programs cover a spectrum of ethical considerations, including environmental sustainability, social impact and governance practices. By pursuing certification, High Net Worth Financial Advisors will not only strengthen their expertise, but also gain a competitive advantage in a market where conscientious wealth management is gaining importance.

One of the remarkable aspects of CSR certification programs is their adaptability to different financial strategies. Whether focusing on impact investing, ESG (environmental, social and governance) criteria or philanthropic initiatives, these programs provide a comprehensive understanding of the integration of responsibility at work. This versatility equips high net worth financial advisors with the tools to tailor their services to the unique preferences and values ​​of their wealthy clients.

Beyond the immediate benefits for clients, the collaboration between high net worth financial advisors and CSR certification programs has far-reaching implications for social well-being. Responsible investment practices, guided by certified financial advisors, direct capital toward businesses committed to positive social and environmental outcomes. This alignment of financial goals with broader social impact reflects a paradigm shift in wealth management where prosperity is intertwined with a commitment to sustainable development.

In conclusion, the alliance between high net worth financial advisors and CSR certification programs is emblematic of a new era in wealth management – ​​one that goes beyond profit margins and embraces a holistic approach to financial management. As clients increasingly prioritize ethical considerations, the role of certified financial advisors becomes critical in protecting financial interests and contributing to the greater good. In navigating the complex intersection of wealth and social well-being, high-net-worth financial advisors are not just stewards of wealth, but architects of a more sustainable and responsible financial future