Gold is often considered to be the only safe investment. Its value as a currency stemmed not only from its beauty and rarity but also from its durability. Unlike other forms of currency, such as paper or shells, gold does not deteriorate over time, making it a stable and reliable store of value. But cash or some currencies are also considered safe harbours.
Hong Kong, known as Asia's financial hub, is solidifying its claim as a destination for high net worth family offices. In 2023, the city launched the Hong Kong Academy for Wealth Legacy, an academy dedicated to nurturing financial talent and fostering collaboration between family offices and wealth management professionals. With the support of industry leaders and the government's commitment to attracting new family offices, Hong Kong is poised to manage the lion's share of Asia's wealth.
Discover the life and legacy of Jörg Bucherer, the renowned chairman of the Bucherer retail chain, who recently passed away at the age of 87. Explore his remarkable journey, from taking over the family business to his strategic expansions and innovative contributions to the luxury watch industry.
Three years after the end of World War II, the Deutsche Mark (DM) was introduced as the official currency in the Western Zones. Since 2001, the banknote has been in history. But even at the end of 2022, D-Mark coins and banknotes worth around 12.3 billion were still in circulation, according to the Bundesbank.
He started his career as a management consultant, and in 2000, he set up an advertising agency with two friends. Both companies were later dissolved. However, German Finance Minister Christian Lindner says that he emerged stronger from this phase and that he also saw his failure as an opportunity.
When it comes to the world's wealthiest individuals, names like Musk and Zuckerberg often dominate the headlines. However, there is one woman whose story stands out among the rest - Françoise Bettencourt Meyers. At 70 years old, Bettencourt Meyers is not only the richest woman in the world but also the 13th richest person overall, according to the Bloomberg Billionaires Index. Her incredible fortune is rooted in her family's ownership of L'Oréal, the world's largest cosmetics company.
For more than a year, artificial diamonds have become increasingly popular among watch manufacturers. They are presented as a climate-friendly alternative. According to the watchmakers, they are allegedly resource-saving, ethically fairer, and do not promote inhumane working conditions. But is it really so?
The Lauder Foundation is a prominent philanthropic organization based in New York City. Established in 1987 by Leonard A. Lauder, son of cosmetics entrepreneur Estée Lauder, and his wife, Evelyn, the Foundation has made significant contributions in a variety of areas, including education, arts and culture, Jewish causes, and disease research. With a focus on supporting organizations that align with its founders' personal interests, the Lauder Foundation has played a critical role in fostering positive change in the community.

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