John Aylward, founder of investment firm Sona Asset Management, has bought a mansion in London’s high-end Belgravia district for £35 million ($48 million). Read full article on original site

Argentine football star Lionel Messi’s real estate firm has bought a long-shuttered building in Barcelona, expanding the player’s investments in the city. Read full article on original site

Apollo Global Management Inc. Chief Executive Officer Marc Rowan said the world isn’t prepared for the shakeout from artificial intelligence, price pressures and rising government debt. Read full article on original site

Jean-Christophe Babin, the head of LVMH’s watch division, says he’s ready for a phased retirement and Jean Arnault would be an obvious candidate to succeed him as head of the unit that includes labels like TAG Heuer and Hublot. Read full article on original site

One of London’s biggest family offices is pulling out of Hong Kong, joining a wave of longstanding investment firms for the ultra-wealthy altering their global footprints amid rising operating costs. Read full article on original site

Oil volatility from the Iran war had until recently lifted the fortunes of Fan Hongwei and her husband, Chen Jianhua, who together built Hengli Group into one of China’s biggest energy companies. Read full article on original site

John Devaney has made and lost fortunes trading housing bonds. Read full article on original site

Punta del Este, en Uruguay, se está convirtiendo en el destino predilecto para quienes desean organizar celebraciones fastuosas. Read full article on original site

Just two months ago, Vornado Realty Trust was boasting about financial behemoth Citadel’s appetite for New York real estate, vowing to create a new icon for the Manhattan skyline. Read full article on original site

Nassef Sawiris is shutting down his family office’s London branch after recently relinquishing his UK residency, deepening cracks in the nation’s private wealth sector in the wake of tax changes. Read full article on original site