©Pascal Perich

In this report

The era of passive money is over. In this, our inaugural edition dedicated to ‘Ambitious Wealth’, we look at how the nature of wealth is evolving in the second decade of the 21st century

Alexandre Mars on an epic charity journey

Alexandre Mars, CEO and founder of Epic Foundation in New York City
©Pascal Perich

Funding will always come from me, says the philanthropist

From the editor

The nature of wealth is evolving in the second decade of the 21st century

Nicolas Berggruen, founder and president of Berggruen Holdings, poses for a portrait in New York, US, on Wednesday, Sep. 22, 2010
©JB Reed/Bloomberg

Positive thinker

Nicolas Berggruen, the ‘homeless billionaire’, is on a crusade for ideas on his next big investment

Amina Wright, curator of fine art, inspects paintings stored in the vaults at the Holburne Museum in Bath
©Matt Cardy/Getty Images

Handle with care

Statistics paint a worrying picture of the number of art pieces damaged while being moved

Traffic moves around the Old Street roundabout, also referred to as 'Silicon Roundabout,' in the area known as 'Tech City'
©Chris Ratcliffe/Bloomberg

London calling

UK banks need a different mindset to work with entrepreneurs

Charles Lindbergh alongside his plane ‘The Spirit of St Louis’, in 1927
©Getty Images

To boldly go

The power of prize money is rediscovered to spur innovation

Game changer

Macau morphs from gambling haven to family-friendly zone

Trump breaks with billionaires on migrants

One of the most fashionable causes currently is funding university tuition for migrant children

Risk arbitrageur Ivan Boesky working phones (one to each ear) in office
©Getty Images

The Rich Column: Principle of good works

It is tempting to view UBS’s launch of a poverty fund as atonement for . . . sins

Google’s latest project is to use balloons to form one large global communications network

Reach for the skies

A family office must be a mixture of venture capitalist and wealth manager

Carrying the baton

How large family businesses prepare for succession

Poland’s empire builder

Jan Kulczyk demonstrated to his peers that capital did not only have to flow from west to east

No need to go it alone

Donors recognise the benefits of outsourcing to avoid complex backroom burdens

Book review: ‘Rich People, Poor Countries’

The book shows how the development process is closely connected to the rise of large companies

Mixed fortunes of football

Passion first when investing in the beautiful game

How (not) to report a crisis

An eight-point guide, with real examples from newspapers

The wealthy on trial

Reputations are always at stake for rich and high-profile individuals accused of crime

Investment focus

In times of turmoil, gold resurfaces as a potential safe haven

Summer 2015

Mexico’s super-rich under scrutiny

The country’s wealthy and powerful are used to attention, but not all publicity is good

Profitable porn

The adult industry is building its brands in an effort to counter digital disruption

A broader canvas

The high price of contemporary art has prompted a revival of interest in Old Masters

Artistic licence

Zurab Tsereteli’s works have wooed the Moscow elite, despite a mixed critical reception

Column: Bubble trouble

So what is the best strategy to follow, stay on the sidelines or invest?

Column: Victims of vanity

The wealthy’s penchant for vanity spending has its risks

The beauty, or not, of boutiques

From Carnaby Street to investment houses, they are everywhere

Divided communities

Anxious discussions about the inequality divide have become a regular fixture at the World Economic Forum

A piece of the action

A vehicle that speculates on athletes’ earnings has its eye on entertainers too

Modern dynasties

The nature of the demands of newly wealthy Asians is evolving, and with it a need for more responsive family offices

Stakes in society

Family offices are becoming more interested in social impact investing

Youthful visions of family businesses

The next generation is well attuned to the potential of technology

The gender challenge in the video games industry

Women are breaking the dominance of men in the video games sector

Dead reckoning

The great American estate tax slip-up

The Business Guru: Sam Goi, the Popiah King

Square answers to round problem

High and mighty: Triumph’s Tiger Explorer and KTM’s Super Adventure

Adventure motorbikes put to the test

Loeb joins fight for US jail reform

Hedge fund manager in push for end to mass imprisonment

Investment focus

Prospects for frontier markets, with comment by Mark Mobius

From the editor: Ambitious wealth

A look on how new money is seeking to alter the world in its own image