Daily Wealth Letter from The Wealth Forums 21 Oct. 2016

Reports — By on October 21, 2016 at 1:11 PM
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 323  FRIDAY,  OCTOBER 21, 2016

Indian’s billions boggle the mind

Industrialist Mukesh Ambani, who has been named India’s richest person for the ninth year in a row with a sharp increase in networth to $22.7 billion, has a fortune that is equal to Estonia’s GDP, says Forbes India.  READ MORE: http://thewealthforums.com/2016/10/21/indians-billions-boggle-mind/

Durban rises in wealth rankings

While Durban lags behind Johannesburg and Cape Town in the wealth stakes, it is still home to more than 2,000 millionaires, according to World Cities: The wealthiest cities in the world, a report compiled by the market research company New World Wealth. Researchers said the total wealth held by the city amounted to $45 billion (R613 billion).  READ MORE: http://thewealthforums.com/2016/10/21/durban-rises-wealth-rankings/

Good quarter for Morgan Stanley

Morgan Stanley Wealth Management recorded a 9% rise in profits in the three months ending in September.  READ MORE: http://thewealthforums.com/2016/10/21/good-quarter-morgan-stanley/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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