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Prospect of party closing Tory ‘loopholes’ if elected prompts some wealthy individuals to explore a move overseas“People are jumping on planes right now and leaving,” said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich “non-doms” on their tax affairs. “I am not being dramatic, they are leaving right now.”Shah said his clients – some of...

Wealthy are willing to pay more than double the standard price of £170,000, says luxury carmakerThe luxury carmaker Bentley is cashing in as more of the world’s richest people opt to spend hundreds of thousands of pounds on “levels of personalisation that we’ve never seen before”, the company has said.While households all over the world struggle with inflation and the continued impact of the...

Concierge service for super-rich co-founded by Queen Camilla’s nephew lost £1.5m in latest financial yearQuintessentially, the concierge service for the super-rich co-founded by Queen Camilla’s nephew, Ben Elliot, lost £1.5m in its latest financial year and warned investors it is struggling with £29m of liabilities that could threaten its future as a going concern.The company that Elliot, a former co-chair of the Conservative party, set...

Oligarch Dmitry Rybolovlev had accused Sotheby’s of conspiring with dealer over pieces including Salvator Mundi, which later became the most expensive art sold at auctionA US federal jury has ruled in favour of Sotheby’s at a trial in which the Russian billionaire oligarch Dmitry Rybolovlev accused the auction house of defrauding him out of tens of millions of dollars in art sales.Rybolovlev had accused...

Abigail Disney, Brian Cox and Valerie Rockefeller among signatories of open letter condemning inequalityGeopolitical tensions and AI dominate start of WEFMore than 250 billionaires and millionaires are demanding that the political elite meeting for the World Economic Forum in Davos introduce wealth taxes to help pay for better public services around the world.“Our request is simple: we ask you to tax us, the very...