Trusts: How Wealth Is Held, Protected, and Passed On
A trust isn’t one thing. The kind most people get skips probate but protects nothing; the kind that moves real wealth works only because you give up control. Here’s which does what.
A trust isn’t one thing. The kind most people get skips probate but protects nothing; the kind that moves real wealth works only because you give up control. Here’s which does what.
Private banking isn’t fancy checking. At J.P. Morgan and Citi the real minimum is now around $10 million — and the perk that matters is cheap credit, not better deposit rates.
Trophy experiences — safaris, summits, the South Pole, and seats to space. What once-in-a-lifetime access really costs, who buys it, and why.
How money is migrating to Asia and the Gulf — why Singapore, Dubai, and Hong Kong compete for the world’s fortunes, what each offers, and the catch nobody advertises.
Falls from grace — how great fortunes collapse through bankruptcy, fraud, and reversed luck. Batista, Madoff, Holmes, FTX, Lehman, and the four trapdoors that recur every era.
Sudden wealth — IPOs, lottery jackpots, inheritance, and rookie contracts — explained. Why the ‘most winners go broke’ stat is a myth, and where the real danger hides.
How hedge funds and private equity actually make money — 2-and-20, carried interest, and how partners turn a fund into a personal fortune. Plus whether the model still works.
Davos, Sun Valley, Milken, Aspen — the annual circuit where wealth and power meet. What each really costs, who gets in, and why the best room can’t be bought.