Investable assets refer to any financial resources that can be allocated to generate returns. Unlike illiquid assets such as real estate or collectibles, these assets are typically liquid or can be easily converted into cash for investment purposes. Examples include: Why They Matter Investable assets are vital for achieving financial goals, whether that’s saving for retirement, … Read more
The 2024 Bloomberg Billionaires Index reveals that out of 500 wealthy people around the world who made the list, 190 American citizens made it onto the global list, translating to 38% of the top 500 billionaires in the world are in the United States. Within ultra-rich elite group, the top 100 billionaires in the U.S. stand … Read more
Generative AI, an advanced form of artificial intelligence capable of creating unique content, designs, and solutions, is reshaping industries at an unprecedented pace, following the emergence of OpenAI’s ChatGPT. The applications of Artificial Intelligence span from content generation to drug discovery, making it a cornerstone of innovation in 2025. Companies like OpenAI, Google DeepMind, and NVIDIA are already … Read more
Elon Musk, the entrepreneur and founder of SpaceX, has achieved a milestone no one else has achieved in history, by reaching $400 billion fortune, according to Bloomberg’s 2024 Fortune List, solidifying his status as the wealthiest person in history. His relentless drive and groundbreaking ventures are behind his latest fortune and making him one of the few Ultra-High-Net-Worth … Read more
Terms like “High Net Worth Individuals (HNWIs)” and “Ultra-High-Net-Worth Individuals (UHNWIs)” are frequently used to differentiate the level of richness and wealth. Both differ in financial capability, investment strategies, and lifestyle choices. For instance, Oprah Winfrey, whose net worth was $3b and Aliko Dangote ($11.6b) as of November 2024, are not in the same category as … Read more
What Defines Extreme Wealth? Ultra-High-Net-Worth Individuals (UHNWIs) are people whose investable assets exceed $30 million, excluding personal assets like primary residences. This elite group represents the pinnacle of global wealth, commanding significant economic, social, and philanthropic influence. UHNWIs’ wealth is often diversified across assets such as equities, real estate, and private businesses. Characteristics of UHNWIs … Read more
The discussion in Nigeria’s taxation space lately has been how to tax the High Net Individuals (HNIs) more. Already, the Internal Revenue Service of the Federal Capital Territory Abuja has opened a special unit, targeting individuals who earn an annual income of N25,000,000 or more. So, Who Are The High Net-Worth Individuals? The term “High Net Individuals” … Read more
What Is an Endowment Insurance Policy? An endowment insurance policy is a unique financial product that combines life insurance coverage with a savings component. It ensures that the policyholder’s family receives financial support in the event of an untimely death while also providing a lump-sum payout if the insured survives the policy term. This dual … Read more
November 2024 was nothing short of electrifying for Bitcoin enthusiasts and market watchers. From breaking barriers to flirting with the monumental $100,000 mark, the king of cryptocurrencies delivered a rollercoaster ride of price swings and bold statements. Whether you’re a seasoned investor or just curious about what’s driving the market, this analysis uncovers the forces … Read more
A Nigerian man based in the United Kingdom, who had planned to marry a Nigerian woman, has reportedly called off the wedding after her family demanded a bride price totaling ₦3.5 million. The man, who met the Akwa Ibom woman online, intended to sponsor her academics and travel documents so she could join him in … Read more