Business & Finance
The great wealth transfer begins: billionaire heirs inherit nearly $300 billion in one year
Global billionaire wealth just hit a record high. UBS’s 11th Billionaire Ambitions Report reveals how heirs, innovation, and a massive wealth transfer are reshaping power and fortune in ways we’ve never seen before.
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Strong GDP growth
Monaco’s GDP saw a rise in 2019 to €6.63 billion compared to €6.09 billion the previous year, exhibiting a strong 7.5% growth in volume, adjusted for inflation.
2021 budget goes into the red
For the first time since 2015, Monaco’s budget will be in deficit to the tune of €114.5 million. However, spending will continue in key areas in the Principality.
New Managing Director of Fairmont
Fairmont Hotels and Resorts has announced the appointment of Pierre-Louis Renou as their new Managing Director of the Fairmont Monte-Carlo.
Transferring wealth between the generations
New research from Barclays Private Bank shows that building trust between generations will shape the success of wealth transfer among HNW families over the coming years.
MEB and Nice strengthen partnership
The Monaco Economic Board and Nice CCI have signed a partnership agreement that “translated into concrete actions” at the recent Monaco Business Expo.
CleanEquity: Capitalising on the energy transition
According to experts, now is the time for entrepreneurs and investors to take advantage of the energy transition and jump on board the EU's ambition to be a global leader.
