S.E.C. NOMINEE'S LAW FIRM WEALTH | President Obama's nominee to lead the Securities and Exchange Commission, Mary Jo White, revealed that she and her husband had accumulated at least $16 million while working as partners at white-shoe law firms.
A study from Boston University estimates that patent litigation destroys more than $60 billion in firm wealth each year, and that doesn't even factor in ancillary effects, such as curbed innovation due to decreased amounts of venture investing.
— CALVIN YANG Study finds U.S. schools produce most billionaires Not surprisingly, Harvard, Princeton, Yale and the other Ivy League universities are the most likely to produce billionaires, according to a study by the market research firm Wealth-X.
The total wealth allocated to art by billionaires worldwide was estimated to be $32.6 billion in 2013, according to data from research firm Wealth-X.
The report, citing the wealth research firm Wealth-X, found that the number of billionaires in Africa, Latin America and Asia is projected to more than double over the next ten years.
According to last year's World Ultra Wealth Report, an annual survey of the global super-elite published by UBS and the private luxury research firm Wealth-X, the number of people with a net worth of more than $30 million grew by 6percentt in 2014, to 211,275 a group that, combined, controls more than $30 trillion in wealth, if you're counting, and they almost certainly are.
In January, he appointed Gregory J. Fleming to lead Morgan Stanley Smith Barney, the firm's wealth management arm.
Mr. Lowitt is the chief operating officer for the firm's wealth management unit in the United States.
Mr. Ermotti singled out the firm's wealth management division, telling investors it was not for sale.
Roughly 74 percent of the overall division's clients have entrusted more than $1 million in assets to the firm's wealth advisers.
Gregory J. Fleming, who leads the firm's wealth management division, was granted stock options valued at $2.4 million, as was Colm Kelleher, who runs institutional securities.
