Daily Wealth Letter from The Wealth Forums 14 Oct. 2016

Reports — By on October 14, 2016 at 1:38 PM

 

Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

Daily Wealth Letter

a daily synopsis of the wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

NUMBER 318  FRIDAY,  OCTOBER 14, 2016

Huge tech fund partnership launched

SoftBank of Japan has already earned a reputation as one of the most ambitious technology companies around, unafraid to strike huge deals. Now the conglomerate is aiming to become one of the world’s biggest investors in tech – potentially with the help of Saudi Arabia.  READ MORE: http://thewealthforums.com/2016/10/14/huge-tech-fund-partnership-launched/

Major hit for UHNWs in 2015

The world’s richest collectively lost $300 billion in wealth last year as slumping commodity prices, a global demand slowdown and lacklustre economic expansion created a tough environment for billionaires to turn a buck, according to a report published on Thursday by UBS and PricewaterhouseCoopers.  READ MORE: http://thewealthforums.com/2016/10/14/major-hit-uhnws-2015/

Wang still on top

Chinese property magnate Wang Jianlin has defended his crown as the country’s richest man, according to the annual Hurun rich list, fending off Alibaba Group Holding Ltd founder Jack Ma and new players on the block like Baoneng’s Yao Zhenhua. READ MORE: http://thewealthforums.com/2016/10/14/wang-still-top/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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