Investing
Ultra-Rich Investors Want Second Passports
Wealthy members in the elite network Tiger 21 are nervous about political instability, but they’re still putting money into riskier assets.
This article is for subscribers only.
Wealthy investors are nervous.
So nervous that they’re lining up second passports, but not so nervous that they’re straying from tried-and-true investments like private equity. That’s according to Michael Sonnenfeldt, the founder and chairman of Tiger 21, a worldwide network of more than 1,200 high-net-worth investors with assets totaling more than $135 billion.