The housing market is undergoing a significant shift as high-earning households are increasingly choosing to rent instead of buy. Rising home prices, surging mortgage rates, and a desire for flexibility are driving this trend. Learn why millionaires are embracing renting and how this change is impacting the real estate landscape.
A new report reveals a dramatic rise in cryptocurrency wealth, with the number of crypto millionaires skyrocketing by 95% in 2024. Bitcoin’s dominance is evident, with the number of millionaires owning Bitcoin alone surging by 111%. The report highlights the influence of factors like crypto ETFs, institutional investments, and prominent figures advocating for Bitcoin as a path to wealth.
Africa is experiencing a significant outflow of both high-net-worth individuals (HNWIs) and precious commodities like gold, with the United Arab Emirates (UAE) emerging as a prime destination. This trend is driven by a complex interplay of socio-economic and political factors in Africa, including instability, tax burdens, and the allure of Dubai’s business opportunities and tax haven status. The departure of millionaires and the smuggling of gold have severe consequences for African economies, undermining stability and perpetuating economic hardship.
