#high-net-worth-individuals

#high-net-worth-individuals

A controversial flat tax on foreign income for high earners relocating to Italy could increase by 50 percent next year as part of measures to fund the country's 2026 budget plan. If approved by parliament, the move would mark the second hike in two years, after Rome doubled the levy in August 2024. As concerns over the measure's fairness and its impact on property prices and living costs in major Italian cities continue, here's an in-depth look at Italy's imposta forfettaria

At the same time, the number of high-net-worth individuals is growing. At the turn of the century, 322 people were on the Forbes' list of billionaires; now, there are more than 3,000. Also, the number of "everyday millionaires," or those across the globe with $1 to $5 million in investable assets, has quadrupled to 52 million over the past 25 years, according to a recent UBS report.

DeGeneres shared her experience of moving to rural Oxfordshire with her wife, Reveling in the decision made just before the election, despite the emotional fallout of peers back in the US.

For the third year running, Singapore ranked as the world's most expensive city for high-net-worth individuals, according to the latest Global Wealth and Lifestyle Report from Julius Baer Group.

The flat fee advisor's charge remains $10,000 regardless of portfolio growth, while the AUM advisor's fee increases with the portfolio, costing $25,000 for a $5 million estate.

Richard Gnodde's move to Italy marks a troubling trend for the UK as it faces a decline in its status as a hub for wealthy individuals.