(May 17): If you want to join Monaco's richest 1%, you'll need an eight-figure fortune. It takes US$12.4 million (RM56.1 million) to make the cut in the tiny Mediterranean principality, according to research from Knight Frank, where billionaire residents such as UK industrialist Jim Ratcliffe and Walgreens Boots Alliance chairman Stefano Pessina typically don't face income or capital gains taxes. Switzerland and Australia have the next highest entry points to the 1%, with Switzerland requiring a net worth of US$6.

http://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-05-18-story-h-270529651-Here_8217_s_How_Much_Wealth_You_Need_to_Join_the_Richest_1_Globally

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