SA-born billionaire buys Los Angeles Times for R6bn

2018-02-08 11:54

Patrick Soon-Shiong, "America's richest doctor", has bought the Los Angeles Times newspaper - one of the largest and most widely-read publications in the US - for $500m.

Trump's business tax cut seen as major boon for top 1%

2017-09-28 06:30

Despite President Donald Trump’s statement that “the rich will not be gaining at all”, the tax plan he rolled out may contain over $1trn in breaks for the highest earners and the wealthy.

Does earning R50k in SA make you wealthy?

2017-04-13 14:02

Two Fin24 users share opposing views on whether a monthly income of R50 000 classifies someone as wealthy.

How SA's rich stack up on Forbes' billionaires list

2017-03-23 18:15

The rich are getting richer - well, that is for at least 5 of the 8 South African men appearing on the Forbes' 2017 List of the World’s Richest People.

Volunteer disclosure could be Gordhan's Excalibur - expert

2017-02-17 11:20

The Special Voluntary Disclosure Programme could be the “gamble” government should take in raising revenue. says an expert.

Where the wealthiest people in the world live

2016-05-31 21:30

This country is known for its snob appeal, it is a hotspot for super-yacht owners and is home to thousands of residents worth over US$10m.

Ultra rich worry about preserving family wealth

2016-03-09 07:57

Fundamental concerns by ultra-high-net-worth individuals about preserving generational wealth have become more pressing than ever, according to a report.

The growing popularity of supercars

2016-01-27 10:00

Why are supercars so popular among the wealthy? Rens Rademeyer, general manager for Maserati Johannesburg shares more on this trend.

Saudi prince settles Forbes libel suit over fortune

2015-06-17 13:21

Saudi Arabian billionaire Prince Alwaleed bin Talal says he has settled a libel suit against the Forbes magazine group over its reporting on his fortune.

Joburg, Cape Town crack rich list

2015-04-05 16:08

Johannesburg and Cape Town feature on a new global rich list of the world’s top 40 cities significant to multimillionaires in 2015.


Rand strength helps grow SA's wealthy - report

2017-11-19 12:41

In the past two years the rand has rebounded, with wealth per adult rising in dollar terms, according to a report.

Rise of the family office for Africa's super rich

2017-07-04 19:46

Family offices, which provide a more customised offering than wealth managers and private banks, are a fast growing wealth management segment in Africa.

Survey lifts lid on habits, attitudes of SA's well-off

2017-04-11 10:15

Want to know how the relatively rich live? A new report provides insight into South Africa's well-off, with some surprising results.

Bill Gates again world's richest man; Trump tumbles

2017-03-20 17:00

Microsoft co-founder Bill Gates once again tops the Forbes magazine list of the world's richest billionaires, while US President Donald Trump slipped more than 200 spots.

Africa's billionaires see decline in fortunes

2016-08-22 14:41

Africa has 41 of the world's 2 473 billionaires who between them hold $98bn of a total of $7.7trn in assets, down from $115bn in 2014, according to a survey.

African governments aren't taxing the rich

2016-04-04 11:34

Rhiannon McCluskey, researcher at the International Centre for Tax and Development, looks at why African governments should tax the wealthy. This article originally appeared in The Conversation Africa.

Tax targeting rich

2016-02-24 17:12

Although the budget did not raise the top tax bracket of 41%, the rich were targeted by hiking capital gains tax as well as transfer duty on property sales above R10m.

Asian businesswomen boost ranks of female billionaires

2015-12-16 12:50

The number of global women billionaires has risen faster over the past two decades than that of men, mostly thanks to Asian female entrepreneurs, a study shows.

Two South Africans in top 20 on UK rich list

2015-04-26 12:31

Two South Africans have made it into the respected Sunday Times Rich List , with Ukrainian businessman Len Blavatnik taking the top spot with a personal wealth of R240bn.

Reducing inequality will help growth - OECD

2014-12-09 19:45

Moves by national governments to reduce inequality between their rich and poor citizens will help to lift economic growth, says the OECD.

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