The Apollo co-founder has sold or gifted 9.1 million shares of his multibillion-dollar stake since January, the most in a calendar year since the private equity firm went public more than a decade ago.
Like Republicans before them, deep-pocketed liberal donors have discovered that their dollars aren’t likely to be a deciding factor in whether President Joe Biden decides to bow out of the race.
What is horizontal wealth transfer?
Almost a third of the world’s millionaires will be in emerging markets by 2028, according to the Global Wealth Report 2024, as the millionaire population increases in nearly every country.
The agency shifts its focus to a wider income range.