Keyword Search: Wealthy (loose results)
1 Article
Source: Common Domain

Vail Shows Slippery Slope for Businesses Catering to Wealthy

Monday 18:10 GMT

On Friday Vail said that visits to its ski areas were “much lower than anticipated” in the preholiday period, sending its already battered shares down 12.6%.

Vail said it believed the weakness reflected people’s concerns, after poor starts to the previous two seasons, that ski conditions would be worse than they turned out to be. With a solid economy and strong job growth putting more money in Americans’ pockets, shouldn’t more people be hitting the slopes?

1 Article
Source: Common Domain

Global Wealthy Projected to Grow 6.1% Annually in Next 5 Years

Thursday 11:47 GMT

The global high-net-worth population—defined as those with a net worth of between US$1 million and US$30 million—is forecasted to exceed 30.1 million by 2023, an increase of 7.7 million in five years, or an annual compound growth rate of 6.1%, according to the High Net Worth Handbook by Wealth-X, a global wealth information provider.

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1 Article
Source: DW

Diplomatic passports, pouches help the wealthy get richer

Friday 23:40 GMT

Passports that bestow special privileges — immunity from prosecution and diplomatic pouches — are increasingly being bought by dubious business people.

"Not only does the country in question usually get little diplomatic service out of such appointments, but also these people sometimes are masking a corrupt motive," Casey Kelso, advocacy director of the Berlin-based anti-corruption group Transparency International, told DW. . Just a few hundred thousand euros will often help those trying to evade prosecution, bankruptcy, or conceal their ill-gotten wealth, to buy diplomatic status — and the accompanying travel document. "Often, there are no agreed criteria for awarding diplomatic passports, so a former elite person who makes a large donation to a political party [can get one]," Kelso explained, adding that applicants are often not citizens of the awarding country.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte