MarketCurrents welcomed Bharat Bhise of Bravia Capital in New York as well as Nitai Utkarsh of HeroMoto Corp’s family office based out of Delhi. Sumehr Sondhi moderated this panel on The Indian Investment Landscape.Read More
Global HNWI Population Ticks Up Despite Pandemic-Led Recession
July 28. 2021
This year marks the 25th anniversary of the World Wealth Report (WWR), prepared and published by Capgemini. Capgemini has been reporting remarkable wealth increases for much of this period, but no one would have expected the same trend for 2020. Yet, 2020 could go down in history as the year in which the global high-net-worth individual (HNWI) grew by the most considerable margin. According to the 2021 edition of WWR, the HNWI population expanded 6.3%. The wealth expansion rate in APAC is slowing down Because of the growth, there ...
How Significant Is Education in Individuals’ Journey to Billionaire Status?
July 27. 2021
You have probably heard this line before that highly educated individuals tend to earn a better income and generate more wealth. However, a study by the Federal Reserve Bank of St. Louis established that “correlation is not causation.” One of the central arguments of the study is that “a college degree itself does not magically confer all of the benefits that college grads typically enjoy.” Interestingly, this perspective of a college education has been the driver of many fallacies. One of them is: “If you get a college degree, you...
DiDi Global’s Qing Liu’s Billionaire Ambitions Dashed, Is A Trend Emerging?
July 27. 2021
On June 30, 2021, DiDi Global Inc. (NYSE: DIDI) shared exciting news about its intention to list in the US equities market. The company said in a press release that it had sold 317 million American Depositary Shares (ADS) at $14 per share. Interestingly, the initial plan was to issue 288 million ADS. According to the company, the deviation from the planned deal size became necessary after investors oversubscribed its order book. Interestingly, one can easily explain the investor excitement – DiDi is China's largest ride-hailing company. ...