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August 21, 2023

Rising Inequality In The World

Since the beginning of the Corona pandemic, the richest people in the world have become even richer, according to the Oxfam organisation. The wealth of billionaires has increased by 42 percent. At the same time, more than a quarter of a billion people worldwide are at risk of falling into extreme poverty this year. This is the conclusion of the Oxfam organisation in its report evaluating the state in 2022.
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Global Wealth Report 2023: The Wealth Of The World’s Richest Has Fallen

Private household wealth has declined for the first time since the financial crisis. Dollar appreciation, inflation, and stock market declines over the past year all had a role in setting the stage for this. This is the finding of the Credit Suisse Research Institute's first-ever presentation as a part of UBS of what is likely the most thorough research of global wealth creation.
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Thomas Piketty: The Father Of Modern Inequality Theories

His book, "Capital in the Twenty-First Century", rose to superstar status and became a best-seller. Thanks to his second book "Capital and Ideology", he has been compared to Karl Marx and a 19th-century German philosopher who studied capitalism's underpinnings and proposed remedies for the world. The fact that Thomas Piketty's books address the rise of inequality in modern society contributes to the author's popularity. The French author dismisses similarities to Karl Marx. Current scholarship and the media landscape refer to him as a modern European leftist.
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What To Know About The Swiss Banking Secrecy

When it comes to protecting one's financial anonymity, many think immediately of the Swiss banking secrecy. Since the introduction of the international exchange of information on bank data, Swiss banking secrecy has lost its prominence. Read on to see what has changed in this regard.
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Who we are Altoo was founded in 2017 with the mission to create ‘simplicity for complex wealth.’ The Altoo Wealth Platform consolidates all assets held with banks and combines them with non-bankable assets such as real estate, private equity, or an art collection empowering wealthy private individuals to keep track and control over their total […]

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The Altoo Platform aggregates wealth data from multiple sources to deliver comprehensive wealth analysis, performance and reporting. It is a modern and sophisticated, highly secure, SaaS platform, 100% Swiss developed and hosted.

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