fortunes

Their fortunes set a new record, growing by 2.2 billion dollars

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While millions of workers suffered massive layoffs, budget cuts and uncertain tariffs of the Trump administration, the 500 largest fortunes on the planet added a new record, adding 2.2 trillion dollars to their combined wealth, which already rises to 11.9 trillion dollars. However, even in this bullish context, there are figures in which this growth has been especially striking. The most notable, of course, the growth of the fortune of the richest person in the world. His assets have increased by no less than $358 billion in just 12 months. Record growth. He Bloomberg Millionaires Index recorded the largest annual increase in wealth in history for the 500 largest fortunes in the world. No less than 2.2 trillion dollars in 2025. If we look for someone responsible for this meteoric growth, we find some important clues in the profitability of the S&P 500 index, which has reached 17% thanks to the behavior of the 7 Magnificentas well as in the gold revaluation and other raw materials. Precisely the good stock market performance of the Big Tech It is responsible for the fact that 23% of those profits were concentrated in only eight individuals who, (oh, coincidence) are its founders or main directors. As and how they point from Bloombergthe total assets of those 500 largest fortunes in the world reached $11.9 trillion in 2025, surpassing any previous record. Millionaires among millionaires. But when it comes to naming names, Elon Musk is one of the most notable. The CEO of Tesla far led the level of profits, surpassing for the first time the ceiling of 600 billion dollars thanks to SpaceX valuation before its IPO. His fortune went from 421.2 billion in January up to the 788.1 billion dollars that are currently attributed to it. That implies an increase of 87.1% in his assets in just one year. On the other hand, Larry Ellison added 57.7 billion to his fortune for the role of Oracle in the development of AI, leaving its founder with a fortune of $231 billion. For its part, the evolution of other regular millionaires in the Top 10 with the highest fortunes, such as Jeff Bezos, Larry Page and Mark Zuckerberg, linked their increase in wealth to the performance of their companies on the stock market. Larry Page and his founding partner of Google, Sergei Brin, they escalated quickly in the heat of the last Gemini trading moveswhile Amazon and Goal suffered to stay in the mix.​ Impact on billionaires. Beyond the increase in assets of the ultra-rich participants in the race for AI, the wealth boom among billionaires has been a global phenomenon, registering growth of more than 16% in 2025, three times the average of the last five years, as noted the report from Oxfam Intermón. This jump, quantified at about 2.5 trillion dollars, is equivalent to the assets of 4.1 billion people, the poorest half of the planet. On the other hand, the report focuses on the increase in the number of billionaires, that is, those people with assets greater than 1,000 million dollars. For the first time, there were more than 3,000 billionaires in the world, which is further proof of the trend towards the concentration of resources in a few hands. Wealth in Spain. 2025 was also a year of growth for millionaires in Spain. In fact, for the first time there is 32 billionaires in Spainmostly men and with an average of age over 80 years. In 2024, this select club only had 27 members. Their combined wealth is estimated at 197.5 billion euros, the maximum recorded. This record represents an increase of 28.3 billion compared to 2024, which implies a real growth of 13.6%, more than four times the forecast for the national economy of 2.9%.​ However, there is one figure that accounts for a good part of that total amount: Amancio Ortegawith a fortune estimated at more than $142.6 billion. “This means that Spanish billionaires earned on average more than 77 million euros a day,” indicate the authors of the report from Oxfam Intermón. In Xataka | The emir of Qatar travels in a private jet so big it helped upgrade Sardinia airport Image | Flickr (Oracle, Gage Skidmore), GTRES

There is brutal competition to guard the fortunes of the planet’s millionaires. The same guy as always is winning: Switzerland

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The ultra-rich around the world move their millions of dollars in search of the place safer for your fortunes. In recent years, countries in the Middle East and Southeast Asia they have stepped on the accelerator as a destination for the greatest fortunes in the world. However, amid the latest geopolitical tensions, a report from the consulting firm Boston Consulting Group reveals a disturbing fact: Asian millionaires are turning their gaze to the old and reliable Switzerland to protect your wealth. According what was published for him Financial Timesmany Asian millionaires are diversifying the refuge for their assets and, instead of keeping them in their place of residence in Hong Kong, Dubai and Singapore, they prefer to deposit part of their fortune in Swiss banks. Switzerland remains the world’s safe deposit box. According to the report Global Wealth Report 2025 Prepared by Boston Consulting Group, Switzerland managed $2.74 trillion in assets in 2024, which maintains it as the main offshore wealth center in the world. Very close to Switzerland’s management figures are important economic enclaves in Asia such as Hong Kong (which managed 2.65 trillion dollars) and Singapore (with 1.92 trillion dollars in the same year). The study estimates that, by 2029, these three destinations will concentrate almost two thirds of the new cross-border wealth. Boom of the rich in Asia. The study recognizes the enormous growth of Asian and Middle Eastern wealth centers, which have recorded a growth 50% since 2014. However, many of these funds end up in Switzerland, registering a increase in wealth cross-border savings held in the coffers of Swiss banks of 8.7% in 2024, up from 6.3% annually recorded in 2023. That is, although Asia has become a fertile ground for generating wealth, millionaires continue to see Switzerland as a safer place to store it. Geopolitical concerns. One of the main reasons for this behavior of the great fortunes settled in Asia are the political and geopolitical decisions that increase economic uncertainty. An example cited in the report points out that events such as the implementation of the national security law in Hong Kong in 2019 or the Russian invasion of Ukraine in 2022, raised questions about the security of assets in Asia. “Private banking focuses on diversifying geopolitical risk: clients are always looking for safe havens,” declared to Financial Times Giorgio Pradelli, CEO of the Swiss private bank EFG. “Clients increasingly began to feel that, geopolitically, the situation was less predictable and therefore it was important to have assets in different jurisdictions,” says Christian Cappelli, head of Julius Baer’s Asia office in Zurich. Financial Times. That is, they were betting on sending part of their fortune to Switzerland to protect themselves against economic blockades, political changes or war conflicts. London is no longer a refuge. On the other hand, the tax changes that the United Kingdom has implemented have caused London to lose much of your interest for millionaires Asians, putting Zurich back on the map. According to Christian Frie, head of the Asia-Pacific business in Switzerland for LGT Private Banking, the majority of Asian clients managed by his banking entity allocate between 10% and 15% of their assets outside their countries, mainly to Switzerlandaccording to the report The Global Entrepreneurial Wealth Report 2025 prepared by UBS. In Xataka | The rich neighborhoods of Madrid and Barcelona have changed their accent: millionaires from the US and Mexico invest their fortunes in Spain Image | Pexels (Peter Steiner), Unsplash (Chi Lok TSANG)

Millionaires from the US and Mexico invest their fortunes in Spain

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In 2025, the luxury real estate market in Spain he has lived a silent movement but constant. Madrid and Barcelona have become the main destinations for investments of the great fortunes from the US and Mexico, which are buying luxury homes in some of the most exclusive urban areas of the main capitals. The data of the General Council of Notaries confirm a clear increase in foreign buyers in high-value transactions, especially in neighborhoods where the price per square meter already moves above 10,000 euros per square meter. The new buyers. The statistics of the General Council of Notaries show that in 2025 the purchase and sale of luxury homes by foreigners maintains considerable weight in Spain. According what was published According to Idealista, in Madrid, operations carried out by foreigners already represent around a fifth (21%) of sales in prime areas. In Barcelona, ​​this percentage is somewhat higher, especially in districts where luxury housing concentrates a large part of the available supply. Within this group, buyers of American and Mexican nationality stand out for the average amount of the operations, well above the market average. Specific neighborhoods and heart-stopping prices. He interest of these buyers concentrates on very specific enclaves. In the center of Madrid, neighborhoods such as Salamanca, Recoletos, El Viso or certain areas of Chamberí accumulate a good part of the operations carried out by large international fortunes. These are areas where the price per square meter easily exceeds 10,000 euros and where it is common for the price of housing to be above one million euros. In Barcelona, ​​the pattern is similar. Districts such as Sarrià-Sant Gervasi, Pedralbes or Ciutat Vella attract foreign buyers looking for unique, rehabilitated or properties with high heritage value. Why the US and Mexico are looking at Spain. Behind this movement there are several factors that reinforce each other. On the one hand, Spain offers legal stability, property security and a relatively predictable tax framework for large assets. On the other hand, Madrid and Barcelona function as international business hubs well connected to America, with frequent direct flights that keep them connected to Miami, Mexico or New York. In the case of Mexico, the cultural and linguistic link also plays a relevant role, while American buyers especially value the relationship between price, quality of life and services compared to other large European cities. In this way, they use their home in Spain as a way to improve your quality of life or as a gateway to your businesses in Europe. They can pay more, so prices skyrocket. The impact of this international demand can be seen in prices. According to data According to Idealista, the average value of housing in Spain has risen around 7.9% year-on-year in 2025, with Madrid and Barcelona leading the rising prices. In the luxury segment, the pressure is even greater due to the scarcity of properties of this type and its high demand. Although these purchases do not compete directly with affordable housing, they do contribute to reinforcing the dynamic of rising prices in the most sought-after areas. The result is a market in which a crowding out effect occurs in which local rich are displaced to other neighborhoods by wealthier millionaires. In this way, Madrid and Barcelona are consolidated as attractive places for millionaires to have their second residence, especially in a context of international uncertainty. In Xataka | How much money do you need to be among the richest 1% in Spain Image | Unsplash (Eddie Pipocas)

This year’s El Gordo is not in the Lottery. There are Christmas baskets that offer fortunes and the prize does not go through the treasury

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The Christmas basket, today converted into an almost mythological object of the work calendar and Spanish commercialwas not born as an innocent gesture or as a marketing strategy, but as a very ancient expression of power, hierarchy and dependence. If the Romans raised their heads today they would not believe it: their sportula is no longer a simple basket, it is something much bigger than the Christmas “Gordo” himself. Literally, From Rome to the draw of the 21st century. In imperial Rome, during the Saturnalia in December, patrons gave their clients the sportula: a wicker basket with quality food (figs, bay leaves, select products) that was offered during the morning greetingthe morning ritual in which the protected came to pay respect to the patron. That basket It wasn’t just food.: It was a tangible reminder of who protected whom and how subsistence was articulated around personal relationships of fidelity. Centuries later, this logic reappeared in other forms in the Anglo-Saxon tradition of Boxing Daywhen the wealthy classes distributed boxes with gifts to their domestic servants, and also in the medieval ecclesiastical sphere, where the “Christmas boxes” functioned as donations to the most disadvantaged. The central idea was always the same: close the year with a material gesture that strengthened social, work or moral ties. The Spanish basket. In Spain, the Christmas basket began to consolidate late 19th century in public organizations and administrations, but it was not until the 1950s when it became widespread as a recognizable business gift, first in the public sector and later in the private sector. Those baskets, wicker and almost Roman in appearance, combined Christmas sweets, sausages, cheeses and bottles of wine or cava, and were usually delivered along with the extra pay. They were not a luxury, but yes a symbol: the worker brought home something that was opened as a family and consumed on key dates, integrating the world of work into the domestic ritual of Christmas. As the decades passed, the lot stopped being an accessory and became an identifying gesture of the company, an object that spoke of both the budget and the corporate culture. From ham to musical. The social and labor evolution of the country has been pushing the basket to transform without extinction. Generational diversity, changes in consumption habits and new food sensitivities have made the unique model stop working. Today, traditional baskets coexist with digital catalogs where employees choose between technological products, cultural experiences or gourmet gifts. The whole ham gives ground to slicing for economic, practical and demographic reasons, and high-proof beverages are reduced. Vegan, gluten-free or alcohol-free batches appear, and more care is taken with design, sustainability and the continent. However, even those driving the change recognize that a “romanticism” that is difficult to replace persists: the experience of coming home with a box, opening it as a family, and associating that moment with the recognition of the work done during the year. An industry that lives on a month. Behind this apparently simple gesture there is a highly specialized economic sector that concentrates a good part of your billing in just three months. Companies that think about baskets all year round, that negotiate with suppliers, adjust prices in response to inflation of ham, cocoa or oil, and that have survived crises like that of 2008 by becoming professional and gaining scale. Large stores and wholesale distributors move hundreds of thousands of lots each campaignfrom modest baskets of less than 10 euros to premium proposals that exceed 1,000. At the same time, the basket has also become a delicate tax area: it is a remuneration in kind when the company delivers it, a capital increase when it is won in a raffle, and a detail that, depending on its value, may require taxation. That fiscal component, paradoxically, has driven some of the most striking innovations. Promotional image of the “basket” of El Paisano When the basket surpasses the Gordo. The definitive leap from the symbolic to the spectacular comes when the basket stops being a set of foods and becomes a great vital draw. The best-known case this year is that of the grill The Countrymanin the province of Seville, which since 2008 has been expanding its “Great Basket of Kings” until reaching a value in 2025 close to 850,000 eurosa figure that doubles the net prize of one tenth of the Gordo de Navidad. High-end cars, motorhomes, motorcycles, an apartment on the coast, technology, gold bars and food coexist in a single prize that, in addition, is awarded with taxes and expenses assumed by the organizer. For ten euros of participation, the winner can wake up with a completely different material life. Here the basket stops being a metaphor and becomes an economic, media and social event. The bizarre thing is also Christmas. But if anything shows how far this tradition has come, it is its ability to embrace the unusual without complexes. In Ourense, a funeral home decided to put together its Christmas basket inside a coffin displayed in the window. The content, valued at 2,300 eurosincludes everything from technology and appliances to ham and sweets, and the coffin itself can be carried “if the whim is too much.” Far from being a gratuitous provocation, the raffle has a solidarity purpose and seeks to energize the life of the neighborhood. The scene well summarizes the contemporary spirit of the basket: an object that no longer fears excess, uncomfortable humor or exaggeration, because its main function is to attract attention, generate community and close the year with a story to tell. Tradition that was never innocent. As we see, since the sportula roman to the basket that is raffled in a coffin or the one that is worth more than the Fat Man without going through the Treasurythe Christmas basket has changed in form, content and scale, but not in profound meaning. Deep down it is still a closing ritual, a material transfer loaded with social meaning, or a way of saying “you … Read more

Some investors are already boasting about the fortunes they lost

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The digital age has given us few genuinely pure pleasures, but one of the indisputable ones has been watching that train wreck in slow motion (well, not very slow) that was the fall from grace of NFTs. First, international cryptobrokers They tried to convince us that paying millions for a certified jpg was a safe investment. Just a few months later, those images were worth just a few dollars. The fall has been so precipitous that now, many of those same investors laugh at their own financial misfortune. It is the definitive death certificate of NFTs. What happened then? The NFT phenomenon began with early experiments as early as 2012 with the so-called Colored Coinsbut the real boom started in 2017 with CryptoKitties on Ethereumwhich showed the potential of NFTs: basically, they are unique digital assets that “represent” the ownership of a digital or physical object, certified using blockchain technology to guarantee its authenticity and uniqueness. Unlike cryptocurrencies, which are interchangeable with each other, each NFT is unrepeatable and cannot be replaced by another identical one, functioning as a digital certificate of ownership and authenticity.​ In 2021, NFTs reached their peak of popularity with multi-million dollar sales such as Beeple’s “Everydays: The First 5000 Days” at Christie’s for 69 million dollarsand iconic collections like Bored Ape Yacht Club They generated great attention and million-dollar valuations. However, after a spectacular boom, the market began to decline in 2022 due to oversupply, extreme speculation and concerns about scams, resulting in an abrupt drop in sales. Eat the rich. After the collapse of 2022a certain tendency was generated on the internet to mock the speculative bubble that enveloped NFTs in 2021 and the enormous losses suffered by many investors: around 95% of NFTs had lost all value. Already then the practice of sharing screenshots of NFTs at a loss became fashionable. In part it was a recurring joke from the very origin of the phenomenon, in which people shared the capture of an NFT, showing that there was no essential difference between an NFT and the copy of an NFT, beyond a document that certified which was the “original” and which was the copy. Famous people in disgrace. The internet likes nothing more than laughing at a celebrity or a millionaire, and even more so when they fall into the clutches of a pyramid scheme with planetary reach. For example, much was said about Justin Bieber, who bought a Bored Ape NFT for $1.3 million in 2022 and fell 95% in value in 2023. Another classic example: the NFT that was a screenshot of the first tweet of Jack Dorsey, co-founder of Twitter. It was sold in 2021 for $2.9 million and less than a year later its owner tried to resell it, reaching an offer of a few thousand dollars, that is, a loss of value of more than 99%. In July 2023, it was worth $3.77. In general, NFTs and their physical volatility gave rise to a good amount of scandals and scams in which celebrities such as Seth Green, Jay Choy and Melania Trump were involved. From lost to the river. Curiously, many of those who lost millionaire amounts with NFTs are showing their shame on social networks, and describing how much they spent and how much their investment is now worth: a mix of collective warning and taking misfortunes with humor (because they can) which, of course, is spread to the derision of the influencers who tried to sell the motorcycle to their followers. A tweeter He bought this monster for 17,000 and now it’s worth ten dollars. The user @NFTsAreNice (lol) bought this for 31,000 and now it’s worthless. Another investor spent three fucking million in thiswhich is now worth 25,000. It has gone even worse for this other one, who invested 1.8 million and now it’s worth 450. They all use the formula “I bought this NFT in 2022 for…”, and the curious thing is that many of them are still in the cryptocurrency or NFT business, and have profiles as supposedly reliable investors. Significantly, some of them have received in response to their laments messages of “You don’t cry in the casino”, a typical phrase that cryptobrokers utter when they fall into heavy losses after heavy investments. Come on, the “who wants a bag” of a lifetime. In Xataka | The first trial on NFTs and copyright in Spain confirms it: everything always revolved around profits

Madrid has been filled with great fortunes and not by chance: it has known how to play its fiscal cards better than anyone

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During the last decade, Madrid has become the epicenter of money in Spain. Not only does it concentrate the headquarters of large companies and banks, but it has also become a magnet for large international and national fortunes. According to a study published by Fernando Rodrigo Sauco from the University of Zaragoza, based on the latest data from the Tax Agency, 41.9% of taxpayers with assets exceeding three million euros live in the Community of Madrid, compared to 22% who resides in Catalonia. A tax shelter within Spain. The high-net-worth migration trend analyzed in the study is not new, but it has intensified over the years. Since 2011, thousands of large fortunes have moved their tax residence to Madrid. The main reason why millionaires have gathered in the capital It is due to a more permissive tax policy with large wealth groups and the network effect of living close to where the wealth is concentrated. business and financial activity. What began as a tax difference has become a true geography of money within Spain. In Xataka 64% of Spaniards believe that they pay more in taxes than they receive from the State. It’s actually the other way around The rich live in Madrid or Catalonia. The report data indicates that 58.3% of the 1% of the richest population in Spain reside in Madrid (32.51%) and Catalonia (25.8%). Further away we find the Valencian Community, with a census of 9.76% of the country’s great fortunes, and Andalusia with 6.71%. However, if the bar is raised to the highest decile of the ultra-rich population –rich among the richest— which corresponds to 0.1% of the population, then the concentration is even more pronounced, with 68.59% of these great fortunes residing in one of the two communities, but the differences are beginning to be appreciated. In Madrid the percentage of ultra-rich increases up to the aforementioned 41.9, while in Catalonia they only amount to 26.69%. The presence of these ultra-rich residents in other communities remains more or less in the same proportions as that of the rich, with 8.2% in the Valencian Community and 6.31% in Andalusia. In Xataka Tell me where you live and I will tell you how much money you have: this is how wealth is distributed in the neighborhoods and municipalities of Spain Rooting conditioning. The study analyzes the conditions that can be decisive for a great fortune decide to pack your bags and move to the capital. This is what the study calls “migration elasticity” and defines, for example, the number of millionaires who would move if a certain tax (such as wealth tax) increased by 1% more or was reduced by the same proportion. In summary, what weight would taxation have in the decision over other factors such as roots, family, language or public services. In this context, until fiscal 2023Madrid maintained a 100% bonus on the wealth tax, which in practice means that the great fortunes residing in that community They did not pay that tribute. In the rest of the country, the tax can reach up to 3.5% of net assets. Added to this is a somewhat lower personal income tax in the upper brackets and the absence of inheritance tax for direct inheritances. Therefore, taxation gained weight in the decision to change residence. {“videoId”:”x8k9arv”,”autoplay”:false,”title”:”You could be LOSING MONEY with your 2022 INCOME RETURN”, “tag”:”Webedia-prod”, “duration”:”402″} A paradigm shift. The result of this tax policy that is friendly to large assets has been clear: between 2011 and 2015, more than 6,000 large fortunes moved to Madrid. According to the study, that flow remained constant over the next decade. However, in 2023 a differentiating factor came into play, the effects of which are not yet known: the entry into force of the temporary solidarity tax on large fortunes. This new tax applied a rule in which, with the excuse of avoiding double taxation, the State began to collect wealth tax that the communities that had it subsidized were not collecting. According to a report According to the Tax Agency, the 27.6% of large fortunes who paid the Wealth Tax in 2022 rose to 99% in 2023. Skyrocketing its collection in Madrid and Andalusia, where it was previously subsidized. That is to say, that tax advantage that previously conditioned the concentration of capital in Madrid has been diluted. In a few years we will see if this paradigm shift once again conditions the residence of the great fortunes. In Xataka | How much money do you need to be among the richest 1% in Spain Image | Unsplash (Manoa Angelo) (function() { window._JS_MODULES = window._JS_MODULES || {}; var headElement = document.getElementsByTagName(‘head’)(0); if (_JS_MODULES.instagram) { var instagramScript = document.createElement(‘script’); instagramScript.src=”https://platform.instagram.com/en_US/embeds.js”; instagramScript.async = true; instagramScript.defer = true; headElement.appendChild(instagramScript); } })(); – The news Madrid has been filled with great fortunes and not by chance: it has known how to play its fiscal cards better than anyone was originally published in Xataka by Ruben Andres .

The fortunes of its oligarchs are growing so much that they have broken a record

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While the offensive of Russian bombings It is intensified and Russia crosses New red linesthe international community (including USA) threatens these days with increase sanctions and blocks to the Russian economy. However, far from accusing the slightest wear after three years of blockages, Russian Milmillonarios have not stopped increasing their personal fortunes. It has been so much that in 2025 they have broken a joint fortune record adding 625.5 billion dollars. Russian fortunes boom in the midst of sanctions. In the last year, the total wealth of Russian billionaires has increased more than eight percent, placing a record of 625.5 billion dollars, according to published data by Forbes. This growth in its assets occurred despite the severe economic sanctions imposed by Europe and the USA After the invasion of Ukraine. In fact, the list of Millionaires of Forbes not only reveals that the fortunes increased, but after three years of war conflict, Russia increased The number of Milmillonarios, ascending to 140 peoplecompared to The 125 millmillonarios that the publication registered in 2024. Who leads the ranking of fortunes. According to the Russian edition of Forbes, Vagit Alekperovformer president of the oil company Lukoil, occupies the first place among the rushest Russians, with a fortune valued at 28.7 billion dollars. Alekperov has maintained this position on the list for the second consecutive year, despite having left the company’s address after receiving sanctions from the United Kingdom in 2022. He follows closely Alexey Mordashoventrepreneur of the metallurgical and energy sector, which has promoted second place with 28.6 billion dollars, improving its position compared to the previous year. In the top three, also figure Leonid Míjelsonwith a fortune of 28.4 billion dollars, thanks to its participation in Novatek (main gasist in Russia) and Sibur (petrochemical industry). Other usual names on the list are Vladimir Lisin, Vladimir Potanin and Guennadi Tombko, all with assets exceeding 20 billion dollars, thus consolidating the Energy sector weight and natural resources in the ranking of Russian wealth. New faces and rising sectors. The list of Russian Millionaires of Forbes includes new incorporations, which reflects the revitalization of different industries, despite the war economy that, according to the Latest bank reportsHe is damaging his economy. OK To what is published by The Moscow TimesRussian millionaires earned $ 22.5 billion only in the first six months of 2025. Among the newcomers stands out Vikram Puniaowner of the Pharmasyntez pharmacist, who debuts with 2.1 billion dollars, becoming the richest of the new members. These new millionaires come from varied sectors, covering from the pharmaceutical industry and food to technology and The energy. According to The data of ForbesRussia is the fifth country to the generation of new millmillionaires, being the United States, Germany, China and India the countries that lead the list of new additions. The lucrative war industry. A good part of the “miracle” of enriching itself in an economy under international blockages is explained by the close relationship Of these great fortunes with sectors linked to the defense industry and key raw materials for the country’s military apparatus. Russian billionaires come from industries Like oilgas, metallurgy – specially steel, nickel, aluminum and titanium – as well as technological and pharmaceutical companies, where state demand has shot in the current war context. The official expenditure in Russian defense will be at about 119,000 million euros in 2025, mainly financed by the Export of fossil fuels. These oligarchs, Far from distancing yourself Del Kremlin, have strengthened their loyalty, adapting their companies to supply materials, technology and military industry, as it was broken down into the Published research by Proekt. Sanctions? What sanctions. As seen on several occasions When trying to seize yachts And properties, avoiding international sanctions has been another key to economic success for this elite. Such and As they pointed out from Fortuneoligarchs resort to sophisticated financial structures, using fiscal paradises and allied countries free of sanctions and the creation of alternative channels such as cryptocurrencies. This has generated A debate About the real efficacy of sanctions to hit the Russian economic elite and the limitations of international tools to stop the boom of these heritage. In Xataka | The mystery of Putin’s fortune: it is believed that it exceeds Bezos or Zuckerberg but nobody knows exactly how much it has Image | KremlinUnspash (Matthew Lancaster)

that companies pay fortunes to their employees for having children

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South Korea has been plunged into one of the worse demographic crises of the world, with a fertility rate that reached a historical minimum of 0.72 children per woman In 2023, one of the lowest in the world. This figure is far from the population replacement level, located in 2.1 children per womanand evidences a rapid population aging which complicates the country’s economic and social sustainability. This demographic emergency It has been defined by President Yoon Suk Yeol as a “national emergency” in the face of the risk of decreasing productivity and deteriorating the fiscal health of the State. According The published by Bloombergin the face of such demographic and economic challenge, the companies of the country have brought their shoulders offering generous “baby checks” to those employees who decide to have children. Decades fighting low birth. The South Korean government has been implementing decades The most varied policies to encourage birth, destined to Relieve the economic burden of families. These include direct children’s subsidies, housing aids, paid paternity permitsfacilities for access to child care and early education. However, despite these measures and mass investment in public initiatives, the birth rate in Korea has only achieved A very modest reboundwhich has led to the authorities to consider additional reforms and to promote the private sector participation In approaching the problem. Aminar to have children from your pocket. Given the growing concern about the impact that the population decrease will have on available labor, important South Korean business conglomerates decided to act on their own. According to published Bloombergcompanies such as Booyoung offer economic bonds of up to $ 72,000 (100 million wones) for each child born, and some even apply a custom retroactive effect to facilitate parenting. It is not the only one, The local press He ensures that other companies have also implemented bonus plans and additional benefits for those employees who expand their family. “I was spent. So, after Hong and his wife, who also works in Booyoung, processing the news, did what many would do if they were offered a fortune to expand the family: they had another son to get the bonus for their birth. This is the economy of Korea. The economic incentives that Korean companies are offering do not start from an altruistic or patriotic commitment. But companies have become aware of the serious demographic crisis and, Therefore workwhich must face in the coming years. South Korea looks in the mirror of other countries with serious demographic problems such as Japan and the image is that of a aged labor market in which labor shortage It has been generalized. It is estimated that by 2050, the population of 65 years or more will amount to 40%, potentially the largest proportion of any country in the world. On the other hand, the companies that offer these incentives have become those preferred by professionals who want to form a family, so they ensure the attraction and retention of better qualified professionals, who are going to prefer a company that offers Family conciliation benefits. An encouraging rebound in birth. Such and as he collected Reutersthe set of Stimulus measures implemented by the Government with the Private sector support begins to show its first effects with A slight increase In the birth rate. After almost a decade of constant falls, the fertility rate in South Korea rose to 0.75 children per woman in 2024, marking A change of trend descendant and marks a first significant advance in many years to reverse the historical. However, they warn that cultural and social transformation necessary to sustain more significant increases will take time. In Xataka | Japan believed to have touched back on his birth crisis. Now another question is asked: if there is really a background Image | Unspash (Laura Lee Moreau)

The great fortunes in Spain had dodged the heritage tax for decades. In 2023 99% have chosen to pay it

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According to him last report Of the Tax Agency, the collection of the Patrimony Tax in Spain marked an important rebound in 2023, with an increase of 58% compared to the previous year, reaching 1,970.7 million euros, compared to the 1,250 million that were collected in 2022. This significant increase is not exclusively due to the boom in the number of Millionaires in Spainbut to Reactivation of the Patrimony Tax in several autonomous communities that previously or totally bonus it. Thus, the number of statements and payments has increased significantly after modifying the fiscal rules that affect To the great fortunes. Taxpayers and declarants. According to data of Tax Agency, in the last decade the number of taxpayers who declare to have assets exceeding 30 million euros has passed from 471 in 2013 to 865 in 2023. During this period the number of declarants with high assets has increased by different stages, with notable increases between 2018 and 2019 and then between 2020 and 2021. At the same time, the total statement of the Patrimony Tax descended slightly in 2023, standing at 228,575 compared to 230,365 of the previous year. It should be noted that being a declarant of this tax does not imply being a taxpayer, since sometimes the declarants are exempt from paying that tax since an exempt minimum of 700,000 euros is established (in most communities) and that exist Deductions in habitual home or certain business goods. 99% of millionaires pay the assets tax. The Finance data suggest that, with a lower number of declarants, it was possible to increase the annual collection in 2023, increasing the number of those who had to pay this tax. In 2022, the number of declarants with assets above 30 million euros was 852, of which only 235 (27.6%) paid the assets tax for living in communities that did not bonate this tax. In 2023, of the 865 declarants with more than 30 million euros, 853 pay this tax, which implies that almost 99% of the great fortunes already pay tax for their assets. THE KEY: TEMPORARY TAX OF SOLIDARITY OF THE GREAT FORTS. The increase in collection at 720.7 million euros between 2022 and 2023 is due to the elimination of bonuses to assets that applied communities such as Madrid and Andalusia that in 2022 allowed to pay Little or nothing of this tax. With the entry into force of the Temporary Tax of Solidarity of the Great Fortures in 2023, the State applied a rule that, with the excuse of Avoid double impositionI could tax with this tax those assets that were not taxed by the Patrimony Tax. Being especially exposed those communities that had this bonus tax. The communities were not going to give up that income. With this maneuver, the State could directly raise what autonomies insisted on bonus. Given this new scenario, communities such as Andalusia or Madrid, which applied 100% bonus in this tax, lost the “Fiscal advantage” for great fortunes With respect to their neighboring communities and if they did not collect it, they would lose those income that would also be collected for the state coffers. The Community of Madrid, for example, He went from raising Zero euros in 2022 to enter 613.7 million in 2023 of 10,659 declarants who did not pay for this tax before. Andalusia also increased its income In 20.79 million euros Thanks to this measure that allows homogenizing the Taxation to great fortunes throughout the country through the coexistence of the state tax and the autonomic, preventing that Great heritages are exempt Thanks to regional bonuses. As evidence of this rebalancing in the collection, the Tax Agency ensures that the entry by the Temporary Solidarity Tax of the great fortunes of 2023 was only 35 million euros, compared to the 630 million euros that collected in 2022, when the autonomies bonus the assets tax. In Xataka | How much money Amancio Ortega has: how the fortune of the richest man in Spain is distributed Image | Unspash (Shane)

Amancio Ortega learned how difficult it is to enter the top 10 of greatest fortunes. Has also learned how easy it is to go out

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Amancio Ortega is not having the best welcome to the summer and, for the second consecutive week, it records negative figures in the assessment of its heritage for the stagnation of the price of its main source of income: Inditex. The Spanish millionaire has lost two positions in the last fifteen days and, with it, he leaves, the least provisionally, the “top 10” of greater fortunes of the planet that Forbes updates in real time. The difficult thing is not to arrive, it is to stay At the beginning of 2024, the Millionaire Leones based in La Coruña, became part of the select 100,000 million clubas prelude to sneak between the top 10 of the greatest fortunes in the world. The founder of Inditex had to wait almost a year to finally, ascend until the tenth position in the List of greater fortunes of Forbes. Since then, Ortega has changed his position to the stock bursatiles caused by the Trump tariff war. However, the veteran investor had remained more or less stable between the eighth and ninth position thanks to the stability they provided Your real estate investments With Pontegadea, which contributed to maintaining its fortune at about 131.8 billion dollars. However, the assessment of his fortune has not stopped suffer setbacks Since Inditex presented its quarterly accounts. Although the results were positive, with a growth of 1.5%, to 8,247 million euros, the investors of the multinational textile believe that They are not good enough for its low growth. As a consequence, the firm’s actions initiated a bearish rally dragging in its fall to the fortune of its main shareholder, with 59,294% assigned to their societies put investments (50.010%) and Partler 2006 (9,284%). Inditex is still decisive for Ortega To put the fall in context In your quotethe day before the presentation of results, the price of the action closed at 49.21 euros, today the action is quoted at 43.39 euros, its lowest price since April 2025. With this data, the firm led By Marta Ortega It is left 13.73% so far this year. This progressive fall of this asset has had a direct impact on the assessment of fortune. In the last hours He has registered falls estimated at more than 2.3 billion dollars, placing its fortune at 117.6 billion dollars. After this fall in the assessment of his heritage, the Spanish millionaire is in the twelfth position behind Michael Dell, which with an estimated heritage of 121.1 billion stands in the eleventh position of the Forbes ranking. However, Ortega is fair ahead of Bill Gates, which with 116.5 billion dollars as a fortune is in the thirteenth position. The place of Amancio Ortega in the Top 10 of Millionaires of Forbes It occupies it Now Jensen Huang, co -founder and CEO of Nvidia, which amounts to the tenth place with a fortune of 134,500 after adding 5,500 million to the estimation of its heritage. In Xataka | The list of the richest people in Spain in 2025: many changes in the figures, but not in the protagonists Image | Gtres, Unspash (Praswin Prakashan)

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