wealth Archives - International Finance

ByteDance founder Zhang Yiming takes first spot in China’s rich list

IFM CorrespondentOctober 30, 2024

by IFM CorrespondentOctober 30, 2024

Zhang Yiming, who left as chief executive of ByteDance in 2021, has become the 18th person to hold the title of China’s richest since the Hurun China Rich List was established 26 years ago...

Business Leaders Featured

Business Leader of the Week: Under Georges Elhedery, HSBC eyes shift towards growth

IFM CorrespondentJuly 19, 2024

by IFM CorrespondentJuly 19, 2024

Georges Elhedery’s appointment as CEO comes less than two years after he was promoted to CFO in January 2023...

Featured Wealth Management

Good days ahead for Saudi Arabia? Around 300 millionaires to relocate to Kingdom

IFM CorrespondentJuly 1, 2024

by IFM CorrespondentJuly 1, 2024

By the 2024 end, the United States and Singapore will have welcomed 3,800 and 3,500 millionaires, respectively, making the UAE the top destination...

Featured Wealth Management

Billionaires collecting more wealth from inheritance than their effort: Study

IFM CorrespondentDecember 5, 2023

by IFM CorrespondentDecember 5, 2023

Around 53 individuals who became billionaires in the 12 months leading up to April of 2023 received a total inheritance of USD 150.8 billion from their families...

Industry Magazine

How industrialization shaped our society

IFM CorrespondentOctober 18, 2023October 19, 2023

by IFM CorrespondentOctober 18, 2023October 19, 2023

Industrialization gave rise to a middle class, which comprised professionals, managers, skilled workers, and entrepreneurs...

Featured Insurance

Innovative & compassionate: Ocean Life Insurance’s approach to healthcare

IFM CorrespondentSeptember 13, 2023

by IFM CorrespondentSeptember 13, 2023

Ocean Life Insurance's comprehensive well-being concept encompasses eight dimensions of holistic health care, these are health knowledge, health consultant, health innovation, health e-services, health partners, health wellness & prevention, and health lifestyle...

Economy Magazine

Is corporate greed fuelling inflation?

IFM CorrespondentAugust 11, 2023August 11, 2023

by IFM CorrespondentAugust 11, 2023August 11, 2023

Inflation may produce more enormous profits because businesses conceal pricing increases...

Featured Wealth Management

Saudi’s PIF & UAE’s ADQ among funds with highest sustainability rankings

IFM CorrespondentJuly 21, 2023

by IFM CorrespondentJuly 21, 2023

According to a report by the wealth fund tracker, of the funds graded in both 2022 and 2023, 69 received higher grades, 94 received no change, and just 22 received negative marks...