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
Nigeria’s government is proposing a 70% windfall tax on the foreign exchange profit made by the financial institutions in the country, following the country’s devaluation of its currency. So what is windfall tax? A windfall tax is a levy imposed by governments on companies that have benefited unexpectedly from circumstances they did not contribute to, … Read more
Dealing with tax debt can be daunting, often overwhelming individuals and businesses and unsure of where to turn. Fortunately, the IRS Fresh Start Program offers a lifeline to those struggling with tax debt. This initiative provides options to help taxpayers manage and resolve their tax obligations more efficiently. In this blog post, we will delve … Read more
Having a high-net individual who is ready to provide capital for your business may be a good idea because its advantages outweigh the disadvantages. As interesting as it sounds, it also comes with its downside. Here are the benefits and the challenges you will likely face when you have an angel investor in your business … Read more
Angel Investor is a rich private investor who can afford to pump money into small businesses in exchange for equity. The wealthy investor offers initial seed money for startup businesses for some form of ownership equity in the business. In every country, angel investors are helpful to entrepreneurs who find it difficult to access other sources of … Read more
Introduction With a solid history of helping customers reach their financial objectives, TopTier Trader is your go-to partner for success in trading and investing. How can they help you make intelligent and profitable decisions in the market? The Philosophy and Approach Encouraging investors to make educated choices and reach their financial objectives is essential to … Read more
Introduction Apex Funded Traders are not your typical Wall Street suits – they are dynamic, driven, and dominating the market with their innovative approach to trading. If you’re curious about how these traders differ from traditional ones and what sets them apart, keep reading as we dive into the exciting realm of Apex Funding. Disclaimer: … Read more
Some of the licensed Bureau De Change (BDC) operators in Nigeria use unbelievable and ridiculous names to obtain operating licenses from Nigeria’s apex bank, a list on the website of the Central Bank of Nigeria has revealed. Among the funny business names used by the operators include Deadlist BDC LTD, Ephesians-three-twenty BDC LTD, and Deep … Read more