Daily Wealth Letter from the Wealth Forums 17 Oct. 2016

Reports — By on October 17, 2016 at 11:59 AM
Ian Brodie

Ian Brodie

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 319  MONDAY,  OCTOBER 17, 2016

More churn in billionaire ranks

A new UBS/PwC Billionaires Report suggests there is more turmoil below the surface than is readily apparent. The report suggests that growth in the number of billionaires flattened out to a modest 1% increase last year. The reason? Almost as many billionaires are dropping off the list as are coming in as new entrants.  READ MORE: http://thewealthforums.com/2016/10/17/churn-billionaires-ranks/

High-tech dictator tracker launched

An automated system for tracking planes used by authoritarian regimes flying in and out of Switzerland has been set up to potentially provide evidence of money laundering. Swiss investigative journalist François Pilet and his cousin Julien Pilet set up the GVA Dictator Alert Twitter bot to track planes registered to “authoritarian regimes,” as defined by the 2015 Democracy Index.  READ MORE: http://thewealthforums.com/2016/10/17/hi-tech-dictator-tracker-launched/

LVMH not happy with Amazon

Luxury goods group LVMH said there was “no way” it would do business with Amazon even though the Internet retailer is keen to take on more high-end brands. READ MORE: http://thewealthforums.com/2016/10/17/lvmh-not-happy-amazon/

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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