Why the world's wealthiest families are stockpiling cash

2019-09-27 20:47

Rick Stone, a former partner at Cadwalader, Wickersham & Taft, sees treacherous times ahead for family offices trying to deploy cash.

This group of South Africans went from poverty to wealth in 10 years, a new study shows

2019-09-18 05:00

A group of half a million people bypassed the middle class.

Take a look inside the most expensive hotel room in the world, a 2-story sky villa designed by Damien Hirst that runs R1.4 million per night and was just named one of the 'world's greatest places'

2019-09-15 16:13

The most expensive hotel room in the world is a 2-story suite designed by Damien Hirst that costs R1.4 million per night. Here's a look inside.

How one fitness startup went from Kickstarter to creating a R6.5bn fortune

2019-09-12 19:50

Peloton Interactive started making its indoor exercise bike after raising R4.4m in a 2013 crowd-funding campaign. It now aims to raise over R16bn in an initial public offering.

Buffett backs off stock rally as his cash pile hits $122bn

2019-08-04 16:36

Warren Buffett’s distaste for overpaying is winning out over his frustration with sitting on a lot of cash.

The world's richest women - and how long it'll take them to catch up with Jeff Bezos

2019-07-23 22:11

Jeff Bezos and Bill Gates are the world's first two centi-billionaires. But if the richest women in the world want to catch up with them, most will have to wait till they're over 100 years old.

20 rags to riches stories that will blow your mind

2019-07-14 07:18

Before they became some of the most famous and richest people in the world, these celebrities and entrepreneurs endured hardship and struggles.

More questions around sex trafficking accused billionaire Jeffrey Epstein

2019-07-09 19:00

Billionaire Jeffrey Epstein has found himself accused of running a sex-trafficking ring that lured dozens of young women to his home. But there are other questions, too, including how he made his money.

Higher risk of cyber attacks for wealth managers, says global wealth report

2019-06-29 15:15

Cybersecurity continues to challenge wealth managers, according to a global wealth report released by Boston Consulting Group.


The oil tycoon that got R29bn richer in a day

2019-09-19 18:19

Billionaire oil baron Harold Hamm just had a very big day.

How Bill Gates added R236bn to his wealth this year

2019-09-17 22:05

Bill Gates is still in wealth-creation mode.

Rockets, racehorses, rifle collections: Hobbies of the super-rich

2019-09-14 07:43

Gordy & Sons Outfitters in Houston stocks almost anything an outdoors enthusiast could want, from a knife inlaid with 45 000-year-old woolly mammoth tusk fossil to a with a stock made of fine-grained walnut. The knife costs about R22 500 while the rifle costs R3.6m.

PICS: See what you get for R31.5m in New York businessman's Clifton apartment

2019-09-08 15:56

For those with R31.5m to spare, take a look at what you will get in this two-bedroom in Cape Town's Atlantic Seaboard suburb of Clifton.

How to DIY your retirement savings if you work in the gig economy

2019-08-05 13:20

Lauren Willoughby outlines five ways gig economy workers can DIY their retirement savings.

These 10 billionaires have all gone broke or declared bankruptcy — read the wild stories of how they lost their fortunes

2019-07-24 08:41

These billionaires were on top of the world before declaring bankruptcy or losing a majority of their money.

Nervous Hong Kong millionaires are moving their cash to Singapore

2019-07-17 08:14

Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long-term effects of the political crisis in the Chinese city.

Here's how the super-rich are investing their assets this year

2019-07-11 07:00

High net-worth individuals have significantly shifted their asset allocation, according to the Capgemini World Wealth Report 2019.

Luxury property prices softening, offering opportunities for savvy buyers - agencies

2019-06-29 16:30

Luxury home prices are static or declining in many of SA's most sought-after suburbs and sellers are much more willing to negotiate, according to estate agencies.

These South African towns could be the next hotspots for R20 million homes

2019-06-27 07:43

There are 2,200 residential properties worth more than R20 million in South Africa.

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