Sports And Charity Top Pursuits of the Wealthy

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.

Pantone has released its 2024 Colour of the Year — and it’s warm and fuzzy.

Peach Fuzz has been named as the colour to sum up the year ahead, chosen to imbue a sense of “kindness and tenderness, communicating a message of caring and sharing, community and collaboration” said vice president of the Pantone Color Institute, Laurie Pressman.

“A warm and cosy shade highlighting our desire for togetherness with others or for enjoying a moment of stillness and the feeling of sanctuary this creates, PANTONE 13-1023 Peach Fuzz presents a fresh approach to a new softness,” she said.

Pantone Colour of the Year is often a reflection of world mood and events

The choice of a soft pastel will come as little surprise to those who follow the Pantone releases, which are often a reflection of world affairs and community mood. Typically, when economies are buoyant and international security is assured, colours tend to the bolder spectrum. Given the ongoing war in Ukraine, the Israeli-Gaza conflict and talk of recession in many countries, the choice of a softer, more reassuring colour is predictable.

“At a time of turmoil in many aspects of our lives, our need for nurturing, empathy and compassion grows ever stronger as does our imaginings of a more peaceful future,” she said. “We are reminded that a vital part of living a full life is having the good health, stamina, and strength to enjoy it.”

The colour also reflects a desire to turn inward and exercise self care in an increasingly frenetic world.

“As we navigate the present and build toward a new world, we are reevaluating what is important,” she said. “Reframing how we want to live, we are expressing ourselves with greater intentionality and consideration.

“Recalibrating our priorities to align with our internal values, we are focusing on health and wellbeing, both mental and physical, and cherishing what’s special — the warmth and comfort of spending time with friends and family, or simply taking a moment of time to ourselves.”

Each year since 2000, Pantone has released a colour of the year as a trendsetting tool for marketers and branding agents. It is widely taken up in the fashion and interior design industries, influencing collections across the spectrum.

Sports And Charity Top Pursuits of the Wealthy

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

Prepare yourself for the year of the peach