Abby Schultz

2 weeks ago | barrons.com | Abby Schultz

With the S&P 500 up 23% in 2024, getting richer was easier than usual. The number of North Americans with at least $1 million in investible assets grew by 7.3%, to 8.4 million, and their wealth surged 8.9%, to nearly $30 trillion, according to Capgemini Research Institute’s annual World Wealth Report. Wealth abroad grew more slowly, with the number of wealthy individuals globally rising by 2.6%, to 23.4 million, and assets up 4.2%, to $90.5 trillion.

3 weeks ago | barrons.com | Abby Schultz

The tax and spending bill that passed narrowly by the U.S. House of Representatives in May, and is now before the Senate, doesn’t just cut taxes for individuals and businesses. It also raises some.

3 weeks ago | barrons.com | Abby Schultz

As pension funds, sovereign-wealth funds, endowments, and other institutional investors pare private-equity stakes to generate cash and rebalance their portfolios, Wall Street has gone looking for new buyers: retail investors who have long been shut out of private markets.

3 weeks ago | barrons.com | Abby Schultz

Surging U.S. stock markets fueled the growth of wealth in North America last year, although fiscal instability, currency pressures, and more sluggish markets led to fewer wealthy folks in Europe, the Middle East, and Latin America, according to the Capgemini Research Institute .

3 weeks ago | livemint.com | Abby Schultz

Summary The ultrarich were the fastest-growing segment of the world’s wealthiest, according to an annual report from Capgemini. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.