The US is the world’s leading foreign investor and is the single largest consumer of foreign exchange in the world. Other countries in the league include Russia, China, and Japan.
How much do US citizens lose when they gamble abroad?
Americans lost between $3,300 to $8,400 due to betting in 2013, according to the report. However, many US residents are surprised to learn that their countries do not lose their most valuable asset by not gambling, and in fact enjoy about twice as much money as people do in betting overseas.
What do you think? Tell us what you think in the comments section below
Follow us on Facebook or subscribe to our daily or weekly newsletter so you don’t miss out on our latest lists.
The world’s richest person on earth has a new secret financial entity, according to Reuters, with the $8.4 billion he controls held in Swiss bank accounts which are not disclosed to the public.
Mohanlal Agrawal, India’s richest person, has invested some of his wealth in an offshore trust to which foreign trusts account number are added, with the intention of shielding the identities of his wealthy, and possibly corrupt friends. The Indian billionaire bought several British peerages and created his own private and “limited company” for a small family-owned business. He then created trusts in the Cayman Islands and Britain, with the purpose of hiding his money through offshore entities or holding it overseas to avoid taxes.
While Agrawal’s wealth (reported by Forbes earlier this year, and reported by Reuters in May) is estimated to total $23.9 billion, the New York Times reported he has held around $20 billion worth of assets in Swiss-based account number FRAV, and the information is not subject to an independent or public disclosure in the United States.
As of Thursday, Agrawal’s new offshore entity was listed on the Financial Times’ website as “IMPACT Investments Limited.” He controls around $1 billion in other funds in the United States and other overseas banks. At present, he and his partners hold $1.4 billion in assets in foreign banks, plus another $1.6 billion in Canadian, German, and Swiss private banking accounts, in addition to holding assets in New Zealand and Britain, according to a Bloomberg report dated May 24.
These offshore financial structures are not open to the public, even though, according to the Times, “many of the people
online free roulette simulator downloads, best online blackjack for money usa, online blackjack real money reviews, are online roulette games rigged ballyhoo for sale, live online roulette casino