As a result, we are noticing that more and more individuals want to understand the impact of their wealth and use it to help bring about positive changes by supporting and investing in charitable or environmental causes.
Jersey Finance has announced a range of expert speakers, who will discuss the issues driving private client decision making and the challenges facing the international wealth management community, at its Annual Private Wealth Conference later this month.
Mrs Blair’s efforts to make the world a better place ties in with this year’s event, entitled 'The Power of Capital', which will focus on the good that wealth can do.
The Boston Consulting Group, which compiled the figures, said the ultra-rich held £15.7bn in investable assets, or 15% of the world’s total investable wealth in 2020.
Given the flexibility of Guernsey’s company law, a Guernsey company can be used to mimic a trust to some extent, making a Guernsey corporate vehicle an attractive structure for holding family wealth.