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How do you know what assets these families have? Most of them I'd imagine would have assets so wrapped up in opaque trusts in secrecy jurisdictions (Caymans, B
by patrickdavey 12y ago
How do you know what assets these families have? Most of them I'd imagine would have assets so wrapped up in opaque trusts in secrecy jurisdictions (Caymans, British Virgin Islands etc.) that I can't see how you'd ever really know.
For a very interesting read on the above, check out http://treasureislands.org/the-book/ http://treasureislands.org/the-book/ ... a fantastic read.
- sien 12y agoExactly this. There is an article about how the super rich in Germany keep very quiet. Wealth lists are only on what people can find and often exclude royalty. http://www.bbc.com/news/magazine-28472884 http://www.bbc.com/news/magazine-28472884
- GFischer 12y agoPlenty of people not in those lists have laughed at them - many have reasons to lie low, others count as their fortune assets managed by family, retainers, figureheads and frontsmen. I know the list for my country (Uruguay) is wildly inaccurate, and have no reason to believe that it's different in other countries - possibly in the U.S. they're more open, but not in the Middle East, Brazil, Mexico, China or Russia.
- patrickdavey 12y agoMy HN fu is limited, but I'm wondering why the downvote? Karma is so precious ;)