Daily Wealth Letter from The Wealth Forums 26 Oct. 2016

Reports — By on October 26, 2016 at 12:32 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 326  WEDNESDAY, OCTOBER 26, 2016

Clinton all set for wealth tax

Taxes on the US wealthy would go up substantially under a President Hillary Clinton—if she can get Congress to sign on. Clinton is eyeing tax increases for those making more than $250,000 annually, and she wants to close a number of loopholes. Her proposals include a 4% “fair share surcharge” on annual incomes above $5 million.  READ MORE: http://thewealthforums.com/2016/10/26/clinton-set-wealth-tax/

Hilton in China deal

China’s HNA Group, controlled by billionaire Chen Feng, is acquiring about 25 percent of Hilton Worldwide Holdings from Blackstone Group in a deal valued at about $6.5 billion. HNA will pay $26.25 a share in cash in a transaction that cuts Blackstone’s interest in Hilton to about 21 percent. Hilton’s shares closed at $22.91 on Friday.  READ MORE: http://thewealthforums.com/2016/10/26/hilton-china-deal/

Trial date set for playboy heir

The playboy heir of Africa’s longest-serving dictator is to be tried in France next year accused of plundering his country’s oil wealth to buy mansions, Maseratis and almost £1 million worth of Michael Jackson memorabilia.  READ MORE: http://thewealthforums.com/2016/10/26/trial-date-set-playboy-heir/

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

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