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Nearly $300 billion was inherited this year as the Great Wealth Transfer picks up speed, showering family members with immense windfalls. According to the latest UBS Billionaire Ambitions Report, 91 heirs inherited a record-high $297.8 billion in 2025, up 36% from a year ago despite fewer inheritors. “These heirs are proof of a multi-year wealth … Read more
Billionaire count: 57Total wealth: $125 billionKnown as the playground of the rich and famous, Switzerland is 8th in the global billionaire sweepstakes and ranks 7th as the home of those worth $30 million and more, or the ultra-wealthy.Switzerland’s billionaires represent the top one percent of its 5,597 ultra-wealthy population and control more than 19 percent … Read more
Billy Ray Cyrus and girlfriend Elizabeth Hurley put on a loved-up display at the premiere of her new show, The Inheritance. Cyrus, 63, and Hurley, 60, posed together on the red carpet in London on Wednesday, August 6, with the Austin Powers actress sporting a figure-hugging red dress and gold heels and the “Achy Breaky … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rich in Britain are turning to life insurance to reduce the pain of unexpected inheritance tax bills following a contentious overhaul of the system in the autumn Budget. “Every market has its day in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50 per cent inheritance tax for the super-rich. The Alpine nation is due to hold … Read more
Key Takeaways CZ emphasizes the need for crypto platforms to implement inheritance features for digital assets. Regulatory frameworks should allow minors to hold accounts to receive inherited crypto assets. Share this article Binance co-founder Changpeng “CZ” Zhao has called for crypto platforms to implement ‘will function’ — a built-in feature that allows users to designate … Read more
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. For most people, moving countries once in a lifetime is enough. For a small group of the wealthy who want to avoid the UK’s inheritance tax, moving countries once every 10 years is starting to … Read more
Guy Fieri may be one of the richest personalities in food television history, but for his two children, who may be eyeing a stake in his Flavortown wealth, it’ll mean nothing unless they put in the work. Borrowing a line from NBA basketball star Shaquille O’Neal, Fieri told his sons, who are in their 20s: … Read more
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Affluent Britons are increasingly gifting money to family members as concerns mount that Rachel Reeves could make the inheritance tax regime more punitive, according to wealth managers. Tax advisers told the Financial Times they had … Read more
Sally Anscombe | Getty Images Entrepreneur Eric Malka had to completely shift his mindset when he sold his company and became an investor. Since then he’s learned many lessons he’s now passing to his kids. When The Art of Shaving — which Malka and his wife Myriam Zaoui founded in 1996 — was bought by … Read more
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