- BusinessMarketWatch•9 hours ago
The richest people on the planet got even richer last year, but one country was a standout
The richest people on the planet just added new members to their exclusive club. The world’s ultra-high net worth population — individuals with $30 million or more in assets — grew by 3.5% to 226,450 individuals in 2016 after a sharp fall a year earlier, according to new data by global wealth consultancy Wealth-X. Their combined wealth also increased in 2016 by 1.5% to $27 trillion. There were sharp regional fluctuations in dollar-denominated wealth creation last year, with North America (up 5.1%) recording the only significant rise in wealth, followed by Asia (up 3.5%). “The picture was subdued in Europe, with the ultra wealthy population and its total wealth edging slightly lower, while fortunes
- Businessbarrons.com•7 hours ago
Halliburton: Bigger & Better?
Shares of Halliburton (HAL) are moving higher today. That likely reflects higher oil prices, but don't overlook a possible acquisition of pump-maker Summit ESP. Illustration: Agence France-Presse/Getty Images RBC's Kurt Hallead considers the implications of a potential deal: This possible transaction is in line with management comments that suggested their intention to acquire Artificial Lift and Production Chemicals businesses. In our view, Summit ESP would be a strong fit within HAL and would contribute an experienced operations team with mostly Baker Hughes ( BHI) backgrounds... According to Spears & Associates, Summit ESP generated revenue of $180mn in 2016. The total artificial lift market
- NewsInvestopedia•13 hours ago
Retire at 45 With $500,000: Is It Possible?
If you’re like many adults, the thought of taking an early retirement (could you retire at 45?) has probably crossed your mind at least once or twice. The “four percent rule” – a widely accepted financial rule of thumb – states that your savings should last through 30 years of retirement if you withdraw 4% of your nest egg during the first year of retirement and then adjust each year thereafter for inflation. If you have $500,000, the math comes out to $20,000 a year, assuming a 4% withdrawal strategy.
