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Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Allianz, one of the world’s largest financial services companies with €2.16 trillion ($2.33 trillion) in assets under management, joins a growing number of global firms building their focus on the wealth sector Allianz SE is making a strategic investment in money...
Asia’s richest person re-joins $100 billion club as stock surges

Asia’s richest person re-joins $100 billion club as stock surges

by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Mukesh Ambani, chairman, Reliance Industries Ambani, Reliance’s chairman, owns 42% of the company, which has businesses in the energy, telecommunications and retail sectors, among others. Its shares have climbed 22% from a low in October after the firm reported a jump...

India among top countries with high income, wealth inequality: new UNDP report

by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Wealth Management/ Philanthropy

In India, between 2000 and 2022, per capita income soared from USD 442 to USD 2,389. Whereas, between 2004 and 2019, poverty rates (based on the international poverty measure of USD 2.15 per day) plummeted from 40 to 10 per cent New Delhi: India has emerged among top...
India, Singapore defy declining global wealth trend, why?

India, Singapore defy declining global wealth trend, why?

by AIP Online Bureau | Sep 4, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

India was one of few countries which experienced a wealth increase and along with Russia, Mexico and Brazil saw the largest wealth expansion. In terms of wealth per adult, Switzerland continues to top the list followed by the USA, Hong Kong, Australia and Denmark...
India, Singapore defy declining global wealth trend, why?

Investors’ wealth erode by Rs 5.86 lakh cr in FY23; Sensex marginally up 0.72 pc

by AIP Online Bureau | Apr 1, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

”In FY23 we have seen events of decadal high inflation, aggressive monetary policy stance by global central banks w.r.t interest rate hikes, banking crisis in US and Europe, and continuing Russia-Ukraine war,” said Srikanth Subramanian, CEO of wealth...
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