Sports And Charity Top Pursuits of the Wealthy
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Sports And Charity Top Pursuits of the Wealthy

Ever wondered what preoccupies the wealthy? This report has the answer.

By Fang Block
Fri, May 28, 2021 11:31amGrey Clock < 1 min

The world’s richest population are most passionate about philanthropy and sports outside of their pursuit of wealth, according to a Wealth-X report Thursday.

More than one-fifth of the wealthiest individuals, those with a net worth of more than US$5 million, cites philanthropy and sports as their top interests, followed by public speaking, the outdoors, technology, education, and travel, according to the report, Interests, Passions and Hobbies of the Wealthy 2021.

Writing, politics, and art round up the top 10, according to Wealth-X, a global information and insight provider on the wealthy.

Interest in philanthropy increases in line with the wealth level. While 40.4% of those with a net worth of more US$100 million choose philanthropy as their top interest, 22% of those with a net worth between US$5 million and US$ 10 million do so, according to the report.

For the ultra-high-net-worth population, those with a net worth of more than US$30 million, there is a marked difference between women and men. Nearly 47.8% of ultra-wealthy women engage in philanthropy as their top pursuit, compared to 31.1% of men, making philanthropy the second-most popular interest among them, according to the report.

Millennial interests differ significantly from those of the general wealthy population, with the top 10 including travel, music, food, and animals, according to the report.

Reprinted by permission of Penta. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication:  May 27, 2021.



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Sparkling wine flows as Australian winemaker takes out top international award

The Tasmanian-based winemaker was among a number of Australian producers to be honoured at the event in London this week

By Robyn Willis
Thu, Jul 11, 2024 2 min

An Australian winemaker has taken out the top prize for sparkling wine at the International Wine Challenge, the first time a local winemaker has done so. It marks just the second time in the competition’s 40-year history that the award has gone to a winemaker outside France’s Champagne region.

Tasmanian-based House of Arras’ chief winemaker, Ed Carr, was presented with the award for Sparkling Winemaker of the Year at a special ceremony in London earlier this week.

“I’m incredibly honoured to be named this year’s Sparkling Winemaker of the Year. It’s a challenge to describe the feeling, but I’m proud to be recognised amongst my peers for such a significant international award,” Mr Carr said.

The IWC is considered one of the world’s most rigorous and impartial wine competitions. This year, France topped the medal tally with 72 gold, 394 silver and 455 bronze medals – extending their haul by 84 more wins than last year.  

The 40-year-old competition is considered one of the most influential events in the winemaking calendar.

Australian winemakers took out second place, with 54 gold, 250 silver and 154 bronze medals. Australia also won 19 trophies, 10 of which went to South Australia.

House of Arras also received the Australian Sparkling Trophy for its 2014 House of Arras Blanc de Blancs, as well as two gold and six silver medals.

Tasmania’s cool climate and soil make it ideal for producing world-class sparkling wine says Ed Carr (pictured).

Mr Carr said Tasmania’s cool climate and terroir were equal to the world’s best sparkling wine regions. The wins follow a strong showing this year at Australia’s National Wine Show and the Decanter World Wine Awards, where House of Arras also collected awards.

“2024 has been an outstanding year on the awards front, and I’m honoured to add this recent recognition from the International Wine Challenge to the mantle,” he said. 

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