What does it mean to be wealthy? According to a survey conducted by Empower, the definition of a high-net-worth individual (HNWI) varies considerably among U.S. adults. While the widely accepted benchmark classifies HNWI as someone with at least $1 million in liquid assets, the median response from surveyed adults pegged it at $400,000. Despite this lower threshold, 74% of respondents believe achieving high-net-worth status is unlikely for them. A slim margin, 3%, confirmed they have reached thi
Dubai-based Mashreq s net profit soared to AED2 billion ($544.54 million) in the first quarter of 2024, marking a substantial 25% increase year-on-year, the bank said.
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(Bloomberg) Islamic State is increasingly using cryptocurrencies such as Tether to raise and move money around the world, including in Africa, according to a group of nations formed to combat financing for the militant group.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Takes a Breather Before Inflation Data: Markets WrapThese Are the Best Countries for Wealthy ExpatsBond Investors Are Lining Up to Fund the War Against PutinWhile IS still mo