Rise in number of world’s rich buying UK ‘golden visas’

Increase comes despite clampdown on scheme after Skripal novichok poisoning

The number of wealthy foreigners investing at least £2m in the UK in exchange for a “golden visa” has risen to a five-year high, despite a clampdown on the scheme in the aftermath of the Skripal novichok poisoning attack.

The Home Office granted 255 people tier-1 investor visas in the first half of 2019, allowing them to live and work in the UK for five years. This was the most in a six-month period since 2014, according to the department’s data.

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World’s 26 richest people own as much as poorest 50%, says Oxfam

Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school

The growing concentration of the world’s wealth has been highlighted by a report showing that the 26 richest billionaires own as many assets as the 3.8 billion people who make up the poorest half of the planet’s population.

In an annual wealth check released to mark the start of the World Economic Forum in Davos, the development charity Oxfam said 2018 had been a year in which the rich had grown richer and the poor poorer.

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What the chauffeur saw: what is it really like driving the rich and famous?

From princesses on shopping sprees to celebrities having sex in the back of the car, the men and women at the wheel have seen it all. And, just occasionally, the secrets spill out …

In the early hours of one morning, nearly a decade ago, chauffeur Jayne Amelia Larson found herself trying to extricate the son of one of the wealthiest men in Los Angeles from the back of her car. The then-chauffeur had been driving the twentysomething party boy up and down Santa Monica Boulevard in her Lincoln Town car as he tried to procure a “transvestite prostitute” for his girlfriend who, he said, “wanted to convert a gay guy”. After several hours, he threw up on the back seat and fell into a drunken slumber, then woke up and tried to urinate in the car.

“He’d been in rehab again and again,” says Larson, recalling the incident that took place just weeks into her new career. “Another driver I later met had been his family’s driver, and said the kid repeatedly did stuff in the car you would not believe, like he went to the bathroom there because he was just so wasted. And I don’t mean in a clean way; I mean in an awful way.”

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Super-rich sabbatical: the boom in luxury long breaks for the 1%

From shark swims to snow leopard treks, a tailored trip of up to a year is now a must-have

The super-rich are going on sabbatical. It turns out having bucket-loads of money can be stressful, leading some of the world’s richest people to take a break for a month or so, or even a year, to escape the pressure of managing their businesses or personal fortunes.

Tom Barber, the founder of the London-based travel agency Original Travel, said so many super-rich customers had asked his firm to arrange bespoke trips ranging in duration from one to 12 months that his firm was launching a special division dedicated to sabbaticals for the 1%.

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