In June 2026, Elon Musk made headlines around the world by becoming the first person in history to reach a net worth of $1 trillion, following the record-breaking stock market debut of SpaceX, with CNBC estimating his net worth at around $1.05 trillion. A historic milestone – the world’s first trillionaire Elon Musk’s trillionaire status …
When it comes to building long-term financial security, investing is one of the most powerful tools available. Yet for many people, getting started can feel overwhelming. With unfamiliar terminology, market ups and downs, and the fear of making mistakes, it’s easy to put investing off altogether. Investing continues to outperform cash ISAs New data from …
The UK is bracing for a record-breaking exit of 16,500 millionaires in 2025, the biggest millionaire outflow globally, according to Henley & Partners’ Wealth Migration Report. New tax rules are being blamed for the forecast exodus. The end of non-domiciled resident (“non-dom”) tax breaks, higher capital gains tax, and changes to inheritance tax on overseas …
Chancellor of the Exchequer Jeremy Hunt recently got himself in a bit of a pickle when he said £100,000 is “not a huge salary” for people in his Surrey constituency. Writing on X, Mr Hunt was recalling a chat with a constituent in Godalming who was concerned about the government’s childcare offer, as it isn’t …
As you move through your working life, it’s easy to get a rosy picture of retirement and dream of the day when you finally step away from the office. But how do you work out when that day should actually be? Well, there’s no simple answer to this question, as there are so many factors …
When you create a financial strategy, you’ll often have medium- to long-term goals in mind. But that doesn’t mean it should be set in stone. After all, your situation and circumstances could vary considerably over time. Perhaps you’ll land a new job that significantly increases your income, move to a bigger and more valuable property …
Early last month, City AM had a dramatic headline: ‘Cash-strapped homeowners turn their properties into personal cash machines.’ They reported that equity release was ‘booming’, with homeowners releasing a total of £4.8bn from their homes in 2021. Ten years previously, the amount released was just £790m with only two years out of the ten – …
If you have assets such as land, property, cars, money and investments, you’ll want to be sure they go to your chosen beneficiaries in the future. That way you can be sure that your loved ones have financial stability in the future and that you’ve left them a meaningful legacy. But hang on, doesn’t that …
If you’re creating a financial plan, with a view to achieving certain ambitions in life, you need to include details. For instance, if you want to travel more in later life, you can’t simply say you’ll put money aside for holidays. Or if you want to retire early, simply putting money into a pension isn’t …
According to the latest Forbes Rich List, the richest person in the world is Jeff Bezos, founder and, until recently, CEO of Amazon. Forbes estimates Jeff Bezos’ wealth at $177bn (£133bn), which puts him ahead of those other well-known billionaires, Elon Musk, Bill Gates and Mark Zuckerberg. These days it is easy to keep score …
