$50 for your first 3 months
Get the print edition and steer from crisis to recovery
Add this topic to your myFT Digest for news straight to your inbox
Billionaire helped transform gaming hubs and wielded influence over US and Israeli politics
Today, in totally normal markets.
Private banking chief on succession, searching for alpha and partying with Andy Warhol
Covid means I haven’t eaten a canapé in the whole of December
Rich people from MacKenzie Scott to Elon Musk are discovering that giving can be hard to do
Tapping the rich might be considered less of a vote loser than a return to austerity
Brazilian who migrated from Lebanon built an international business empire
A newly proposed UK levy on the rich revives all the pros and cons of an old debate
The battle over the nationalised Promsvyazbank is intensifying.
This time, outside of Zone 1.
From blaring music to blocking beaches, the super wealthy are bad at sharing with others
In this edition: Asia holds promise for wealth managers; Monaco viewed as a haven in the storm; new ways of mourning and paying tribute; the German heir who lives in the prison he founded; searching for the perfect lockdown property
The rich can mitigate the effects of a crisis but cannot escape them entirely. If household assets do not stand on firm economic foundations they will crumble
Winner of the FT Schools/Royal Economic Society 2020 student prize
‘Property entails obligations,’ says Tobias Merckle, an heir to a pharma fortune who lives in the prison he founded
Woods, rambles and e-bikes have replaced international jet-setting in 2020
The 1% who try are pilloried as hypocrites, but that does not mean their efforts are in vain
Purpose, meaning and joy can come from passing on wealth, in a way that makes a difference to others
Many ventures to cut carbon emissions are far from philanthropic endeavours and have generated great wealth
The number of trusts shrinks but they pay more tax in 2018-19
Socialising moves outdoors with patio heaters, barbecues and fire pits
Why are the heads of family businesses so reluctant to hand over the reins?
Global trend suggests the Covid-19 crisis is widening financial inequalities
Internal probe penalises Boris Collardi and Bernhard Hodler over money-laundering scandal
FT Wealth’s annual special edition on family offices