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ALL OF INDIA was transfixed, as February turned to March, by the spectacle of Anant Ambani's pre-wedding celebrations in Jamnagar, an unlovely industrial town in western India. Mr Ambani is [...]

The Thomson Family, owners of Thomson Reuters, tops the list of Canada's 100 richest people with an estimated worth of $23.36 billion. Galen Weston of the grocery and retail firm George Weston Ltd. is ranked second with an estimated worth of $8.5 billion, while the Irving family is third with $7.46 billion. Other information on Canada's 100 wealthiest people for 2010 are provided.

Sean Sessums Means, a Staples Clerk, has managed to prove that he was a rightful beneficiary of the Doris Duke Trust with the help of lawyer Brian Kramer. He is the son of Karen Rich to drummer Jack Sessums Means, who was a Duke descendant, Doris Duke. However, Jack did not sign Sean's birth certificate and only named him as his son in his last will and testament.

The annual survey of Canada's 100 richest people and families is presented, in which the majority of the richest was shown to have started making money again. The Thomson family has amassed a fortune worth roughly $21.99 billion, a 19% increase from 2008, even though it was well below their record high of $25.35 billion in 2007. The rankings of the other rich people on the list are also discussed.

The Thomson family tops the annual ranking of Canada's wealthiest, with an estimated net worth of $18.45 billion. James Arthur and Jack Irving come at second with $7.11 billion, while Galen Weston is ranked third with $6.58 billion. Key information on the 100 wealthiest Canadians are presented.

Canada's 100 wealthiest businesspeople are ranked. The Thomson family, who is involved in media and information distribution, retained its number one ranking with $18.45 billion. Key information presented include net worth as well as their previous ranking.

The list of 100 richest Canadians is topped by the Thomson family who run a publishing business followed by Edward Rogers Jr. who heads Rogers Communications Inc. Galen Weston of Lowblow and Paul Desmarais Sr. take the third and fourth spots respectively. The Libfeld family takes the last spot on the list with a net worth of $445 million.

Transfer taxes can substantially reduce wealth that is passed through several generations. Techniques which can be used by wealthy people to avoid heavy tax liability in transferring wealth to younger family members are discussed.

The rich in Asia are none too happy with their private bankers. As portfolios plummet and the value of their other assets continue to tumble, some are wondering what they [...]

The top 3 Philadelphians in net worth in 2002 are Leonore Annenberg of Triangle Publications, the Pitcairn Family of Pittsburgh Plate Glass Co., and the McNeil Family of Johnson & Johnson's McNeil Labs, all with net worth of $2 bil. The Berwind Family of Berwind Group, with a net worth of $1.5 bil, is ranked fourth, and Mary Alice Dorrance Malone of Campbell Soup Co., with a net worth of $1.3 bil, is ranked fifth. The top 40 Philadelphians in net worth are ranked.

The fortunes of many of the wealthiest Chicagoans has shrunk in the past year, with the blame placed on the economic slump, the technology downturn, and the September 11th terrorists attacks. A list is presented of 24 of Chicago's wealthiest families and individuals and what happened to their fortunes over the past year or two.

Private banks are refocusing their offerings to better reflect the needs of the wealthy, whose numbers are growing at a dramatically slower rate after the Internet meltdown and the September 11 attacks. A review of the top private banking services is provided, and a forecast of the sector's strength detailed.

Issues are presented concerning the compilation of the 'Rich 200' list which gives brief details of the 200 wealthiest individuals and families in 2001. The business sectors dominating the list and the loss of fortune of certain individuals are discussed.

Profiles of Australian families worth $70 million and more are provided. Financial worth ranges from $70 million to $1.8 billion. Industry sectors include media, property, investment, rural (wine), retail, and manufacturing. Profiles include the Smorgon family, the Myer family, the Hannan family, the Calvert-Jones family, the Spooner family, and the Lamb family.

Profiles of rich Australian individuals, families, and partners worth under $100 million are provided. Financial worth ranges from $65 million to $95 million. Industry sectors include media, property, investment, telecommunications, entertainment, retail, and advertising. Profiles include Jim Roche and family, Eva Presser, Robert and Sandra Purves, John Singleton, Reg Withers, and Graeme Morgan.

Profiles of Australian individuals, families, and partners worth $100 million and more are provided. Financial worth ranges from $100 million to $195 million. Industry sectors include media, property, mining, investment, telecommunications, golf, retail, and manufacturing. Profiles include Allan Scott, Gina Rineheart, Greg Norman, Barry and Norman Bloom, Mary Fairfax, and Michael Darling.

Profiles of Australian individuals, families, and partners worth $200 million and more are provided. Financial worth ranges from $200 million to $385 million. Industry sectors include property, investment, telecommunications, entertainment, retail, and construction. Profiles include Lindsay Fox, Gordon Fu and family, Chris Morgan and Penny Maclagan, Janet Holmes a Court, and Robert Whyte.

Australia's five richest individuals, who are billionaires, include Kerry Packer, the media and investment mogul, who is worth $6.4 billion. Frank Lowy, the shopping center magnate, is worth $2.6 billion. Richard Pratt, a paper manufacturer and investor, is worth $2.4 billion. David Hains, an investment banker, is worth $1.27 billion. Gerry Harvey, a homewares/computer retailer and property investor, is worth $1 billion.

Being truly rich requires having sufficient assets to support a wealthy lifestyle without drawing down principal. The assets required to support four levels of income are described, from $98,9221 per year to $1,921,000 per year.

All of a sudden, it seems, a whole new profession has emerged to help solve the enviable problems of the very rich. We tend to forget where the greater part […]

Results of a Phoenix Home Life Fiscal Fitness Survey reveal that upper-income markets composed of accountants, lawyers and health professionals are not saving money for specific investment objectives. The study found that most of these individuals are setting aside money for nothing in particular, not for their future retirement nor for the college education of their children. Therefore, the survey demonstrates that, despite the fact that upper-income individuals are insured and are approached by producers more frequently than their lower-income counterparts, these people still lack the knowledge needed for saving for their retirement and their children's college tuition. To effectively reach out to these upper-income people, financial advisors should use the niche marketing approach coupled with seminar selling. Articles on retirement, college education and estate planning may also be sent to these individuals to educate them on these issues and thus increase policy sales., With insurers increasingly focusing on upper income markets, it would stand to reason that most accountants, lawyers, and health professionals are saving plenty of money for retirement and other investment [...]

Twenty-four millionaire women celebrities discuss how they earned their money through their own efforts or by marrying or divorcing wealthy men. The women who made their own fortunes attribute their success to hard work and determination.

David Azrieli wants to take advantage of opportunities, revealing that he has increased his portfolio nearly every recession. Azrieli has recently purchased properties of General Electric near the Toronto airport for about $100 million. He believes that the economy will rebound in the second half of 2009.

Former CEO Frances Aldrich Sevilla-Sacasa shares his thoughts on how the economic crisis will shape the wealth management industry. Sacasa discusses wealth management requirements of rich families and the growing number of high net worth individuals.

The term private banking has been used to describe a vast array of specialized financial services. In general, private banking implies upscale treatment for affluent clients. In the area of credit, private banks have come to view their affluent clientele more as small businesses than as individuals and are granting them what appear to be commercial credits. Actually, private bank lending is a hybrid between the wholesale commercial and the individual retail sides of the bank. Private bank clients are not looking for the restrictions of consumer lending as practiced by most banks nor generalist commercial lending based on a corporate loan policy. Indeed, to maintain a profitable private bank credit function that controls risks, lenders must conduct a thorough credit analysis that incorporates both consumer and commercial analytical procedures. (Reprinted by permission of the publisher.)