Tag - wealth

 
 

WEALTH

Elon Musk
BUSINESS / Companies
Jan 31, 2024
Musk’s $55 billion Tesla pay package struck down, threatening status
Worth some $51.1 billion, Musk's Tesla options were one of his most valuable assets. Without them his net worth would drop to $154.3 billion.
Instead of hoping seats are free and scrambling to find luggage space on the shinkansen, what if you could fly charter across Japan on your next trip instead?
LIFE / Travel
Jan 13, 2024
Can charter flights connect rich tourists with rural Japan?
The tours, which fly to cities in western, central and northern Japan, will be priced from around ¥1.5 million per person for a group of four people staying two nights.
A new study challenges conventional wisdom on income inequality and questions if the top 1% are really pulling away.
COMMENTARY / World
Nov 21, 2023
America’s top 1% don’t make as much as you might think
A new study challenges conventional wisdom on income inequality and questions if the top 1% are really pulling away.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023
Exclusivity the name of the game as firms target China's wealthiest
Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
Petr Aven in Moscow to attend Russia Business week in in 2018
WORLD / Crime & Legal
Nov 1, 2023
Squeezed by sanctions, some oligarchs head home to Putin's Russia
The penalties have destroyed the standing of many wealthy Russians abroad who remained silent or avoided direct criticism of Putin over the war.
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad. Sometimes, they’re responding to the lure of China’s potential. Other times, it’s the alienation they feel overseas.
ASIA PACIFIC / Politics
Sep 22, 2023
China’s wealthy youth flock home as tensions with U.S. rise
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad.
Many of the wealthy in Japan are becoming more keen to park their cash in private assets like equity, credit and real estate that aren't traded in public markets.
BUSINESS
Sep 20, 2023
Brokers tap demand for private assets among Japan's wealthy
Private assets are booming globally after decades-high inflation and rapid interest-rate hikes weighed on both shares and bonds.
The AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion.
BUSINESS / Tech
Sep 8, 2023
Morgan Stanley to launch AI chatbot to woo wealthy
The bank will roll out a generative artificial intelligence bot this month, developed with the makers of ChatGPT, OpenAI
While privilege may always exist to some extent, efforts can be made to create a more equitable and humane society.
COMMENTARY / World
Aug 29, 2023
We can move toward a post-privilege era. Who’s in first?
Privilege should be earned and shared, and it's not something that can be confined to a quiet street or an isolated island.
Over the last decade, the attention given to falling income and wealth inequality has been tiny, creating a view of the issue that may be seriously out of date.
COMMENTARY / World
Aug 29, 2023
We should concentrate on fighting poverty, not income inequality
Wealth inequality has recently gone down in the U.S. and the West, and the decline has been going on for the better part of the last decade.
People lie passed out on a sidewalk in the Tenderloin district of San Francisco in February 2020.
COMMENTARY / World
Aug 8, 2023
Is America’s soft power eroding?
San Francisco has changed from a hub of hippie culture and freedom in the 1960s and '70s, suggesting America's soft power is abating.
Many of the entrepreneurs who’ve become superwealthy are now seeking to manage and transfer riches to their descendants in Asia. That’s resulting in a surge in family office demand.
ASIA PACIFIC
Jul 31, 2023
Asia’s richest families fuel race for lucrative finance jobs
Many of Asia's superwealthy are now seeking help managing their estates just as old-money families in the West have done for decades.
Japan Times
SOCCER
Jul 4, 2023
Neymar fined $3.3 million for building lake at mansion
Authorities cordoned off the site and ordered all activity to cease, but Brazilian media reported that the PSG star threw a party there and bathed in the lake.
JAPAN
Jul 3, 2023
Japanese lawmakers' average income falls to ¥21.5 million
In the House of Representatives, the average income stood at ¥22.15 million, while that of the Upper House was ¥20.16 million.
Japan Times
BUSINESS
Jun 30, 2023
Top auto executives in Japan are paid a lot, but not as much as their U.S. counterparts
Japan boasts some of the world’s biggest carmakers, but pay packages for their executives pale in comparison to industry leaders in the United States.
Japan Times
BUSINESS / ANALYSIS
May 5, 2023
Fewer luxury shoppers but bigger spenders as Chinese return to Europe
Those trickling back to Europe are mostly business travelers and wealthier people who have the means to travel 'a bit differently.'
Japan Times
COMMENTARY / Japan
Apr 26, 2023
Buffett and other billionaires say Tokyo is worth revisiting
Interest in Japan from some of the U.S.’ richest investors is reviving talk of the nation's capital as a financial center. It’s a good start.
Japan Times
BUSINESS
Mar 24, 2023
Singapore push for all-EV future faces a love of crazy, rich combustion
The city-state's bid to stop the purchase of combustion-engine cars from 2030 has bumped up against an entrenched love of supercars and other luxury rides.
Japan Times
WORLD
Mar 10, 2023
Biden's $6.8 trillion budget challenges Republicans and raises taxes on rich
The president challenged Republican opponents on fiscal responsibility, highlighting plans to cut U.S. deficits nearly $3 trillion over 10 years by raising taxes on high earners.
Japan Times
COMMENTARY / World
Feb 20, 2023
Good financial advice hasn't changed in 300 years
With so much published on making money, and it all seemingly straightforward, why aren’t we all rich?

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past