Economics
It's Getting Harder to Be One of the World's Wealthiest People
Cross-border billionaires means cross-border concerns.
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The world's ultra-high-net-worth individuals now face a bevy of headwinds that include "succession and inheritance issues," higher taxes, and a potential slowdown in the global economy, according to the latest edition of Knight Frank LLP's 2016 Wealth Report.
"One of the most interesting findings is that a significant proportion of respondents—leading wealth advisors and private bankers from around the world—expect their clients’ wealth to increase at a slower rate over the next 10 years than the past decade," the report said.