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Summary

How do the ultra-rich keep getting richer, despite taxes on income, capital gains, property, and inheritance?

Capital Without Borders tackles this tantalizing question through a groundbreaking multi-year investigation of the men and women who specialize in protecting the fortunes of the world's richest people. Brooke Harrington followed the money to the 18 most popular tax havens in the world, interviewing wealth managers to understand how they help their high-net-worth clients dodge taxes, creditors, and disgruntled heirs - all while staying just within the letter of the law. 

She even trained to become a wealth manager herself in her quest to penetrate the fascinating, shadowy world of the guardians of the one percent.

©2016 The President and Fellows of Harvard College (P)2020 Tantor

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really Interesting content yet too negative

I found this book really interesting, useful and englightening yet it really really negatively portraits the profession of wealth management. The book is not neutrally written, be prepared to learn about the profession as a dark shadow work.

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  • Balto McGrath
  • 17-11-20

Ugh

2 stars only because it is an important topic. Negative stars for the actual book’s approach and execution. It reads (listens) like an academese abstruse-for-the-sake-of-being-abstruse sociology journal paper, which shouldn’t be surprising since the author is a sociology professor. Sorry, it ain’t real science, and using ridiculous language isn’t fooling anyone besides other academicians.

Author spends a lot of time defining the “methods” of this “research study” as an “ethnography”.... OK.... The author paid to take a course and interviewed a few anonymous course participants. The book was described as being by someone who “became a wealth manager” - which she did not. She did not work/act as one, just took a course and talked to some people off the record.

Do yourself a favor and listen to the “conclusions” chapter first. If you still want to commit to the whole book after that go ahead... otherwise return it to audible for a refund.

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  • AU113
  • 23-02-21

Good critical view point

It provided a good insight into the industry from a critical point of view. Since I knew little about the industry to begin with, this book seems like a good starting place for those interested in learning about it.

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  • Amazon Customer
  • 25-01-21

Eye opening read on roots of Wealth Management

Wish I had this information at the start of my career 20 years ago. An interesting read for anyone in the finance industry working with ultra high net individuals and above.

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  • Arturo Zendejas
  • 15-09-20

Shedding Light On the Hidden World of Wealth

The world of wealth management for too long has enjoyed a mysterious existence inaccessible to most people. Wealth managers operate in two worlds, the everyday world of the 99% and the “lawless” world of the very rich 1%. Most of us who belong to the former world know little about the latter. However, thanks to sociologist Brooke Harrington’s book, Capital Without Borders, we learn a great deal about how the very rich manage their wealth and hide it from their spouses, siblings, and governments. Anyone interested or concerned with wealth inequality must read this fascinating book.