Articles About Money

The wealth of the world’s high-net-worth individuals (HNWIs) declined by nearly one fifth last year to $33 trillion, according to the 2009 World Wealth Report from Merrill Lynch and Capgemini.  A HNWI has at least $1 million of assets besides a primary residence, its contents and collectible items.  In 2008, the number of HNWIs fell […]

The tragic death of the “King of Pop” provides an interesting insight into how hedge funds and private equity groups buy loans  in anticipation of future earnings. Michael Jackson made real money during his 40 years as an entertainer; unfortunately, he also lost a lot of money, especially over the last 10 years. Reports are […]