“World’s Billionaire Ranks Fell in 2016, as Did Their Combined Wealth,” by Veronica Dagher, The Wall Street Journal.
For now, the billionaires Todd Morgan works with at Bel Air Investment Advisors LLC are taking a wait-and-see approach to deglobalization. While some of his clients have expressed concern about potential policy changes, most are simply watching what’s happening in Washington and largely don’t plan to make any major changes to their businesses or portfolios until the landscape gets clearer
“It’s too early,” says Mr. Morgan, who is chairman of the Los Angeles-based advisory.
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