The Financial Family Tree Bitcoin Blues We Work Wall
Total Page:16
File Type:pdf, Size:1020Kb
BITCOIN BLUES WALL STREET ISSUE Can the currency bounce back? 200 years of the NYSE WE WORK ARTISAN WORLD 135 The US firm reshaping offices Portrait of a London globe-maker THE FINANCIAL FAMILY TREE How the world’s richest families manage their wealth PF_32017.P00_Cover.indd 1 2/20/17 10:11 AM Our quest for perfection. Senator Excellence Beijing · Dresden · Dubai · Geneva · Hong Kong · Macau · Madrid Nanjing · Paris · Shanghai · Shenyang · Singapore · Tokyo · Vienna MARCH ISSUE 135 The business of life & living Exclusive to Emirates First Class and Business Class EDITOR-IN-CHIEF OBAID HUMAID AL TAYER MANAGING PARTNER & GROUP EDITOR IAN FAIRSERVICE EDITORIAL DIRECTOR GINA JOHNSON GROUP EDITOR MARK EVANS [email protected] SENIOR ART DIRECTOR SARA RAFFAGHELLO [email protected] DESIGNER RALPH MANCAO [email protected] SUB-EDITOR SALIL KUMAR [email protected] EDITORIAL ASSISTANT LONDRESA FLORES [email protected] GENERAL MANAGER – PRODUCTION SUNIL KUMAR [email protected] PRODUCTION MANAGER R. MURALI KRISHNAN [email protected] PRODUCTION SUPERVISOR VENITA PINTO [email protected] CHIEF COMMERCIAL OFFICER ANTHONY MILNE [email protected] GROUP SALES MANAGER MICHAEL UNDERDOWN [email protected] SENIOR SALES MANAGER MICHELLE QUINN [email protected] Emirates takes care to ensure that all facts published herein are correct. In the event of any inaccuracy please contact the editor. Any opinion expressed is the honest belief of the author based on all available facts. Comments and facts should not be relied upon by the reader in taking commercial, legal, financial or other decisions. Articles are by their nature general and specialist advice should always be consulted before any actions are taken. All dollar prices throughout the magazine refer to US dollars. Published for Emirates by Head Office Media One Tower, Dubai Media City, PO Box 2331, Dubai, UAE Tel +971 4 427 3000 08 Fax +971 4 428 2270 Dubai Media City Office 508, 5th Floor, Building 8, Dubai, UAE Tel: +971 4 390 3550 Fax: +971 4 390 4845 Abu Dhabi PO Box 43072, UAE VENETIAN CHARM Tel: +971 2 677 2005 Fax: +971 2 677 0124 London Acre House, 11/15 William Road, London NW1 3ER, UK P74 Printed by Emirates Printing Press, Dubai A hotel with history on the Grand Canal PF_32017.P08-12_Intro_Contents.indd 8 2/19/17 5:15 PM HAPPY SPORT MARCH ISSUE 135 CONTENTS UPFRONT 14 DRIVING THE FUTURE What can we LIVING expect from our cars in the future? 74 HOTEL A converted palace on the 18 banks of the Grand Canal is ARTIFICIAL a Venetian wonder INTELLIGENCE The rising influence of AI in our business 78 and personal lives WHAT TO PACK From Cairo to Hong Kong, 22 we’ve got you covered MOST WANTED The best products 84 that money can buy FOOD & DRINK We profile some of Budapest’s most up and 24 coming chefs PROPERTY A Florence villa with a difference 88 EXHIBITION A celebration of ancient Chinese art in Singapore 90 COLUMN A insider’s look at the crazy world of Silicon Valley 11 34,932 copies January - June 2016 PF_32017.P08-12_Intro_Contents.indd 11 2/19/17 5:15 PM MARCH ISSUE 135 CONTENTS FEATURES 34 GLOBAL AMBITIONS Artisan London globe makers 42 WORK-LIFE BALANCE The US firm attempting to change the way we live and work 52 FAMILY FORTUNES The new rules of family wealth management in 2017 60 ORIENT EXPRESS A stunning celebration of this most iconic of routes 68 WALL STREET A photographic journey through 200 years of the New York Stock Exchange INTERNATIONAL MEDIA REPRESENTATIVES 12 AUSTRALIA/NEW ZEALAND Samford Media; Tel + 618 9447 2734, [email protected] CHINA IMM International; Tel +852 2639 3635, j.bouron@ PB imm-international.com GERMANY IMV Internationale Medien Vermarktung GmbH; Tel +49 8151 550 8959, [email protected] GREECE Global Media; +30 210 69 85 981, [email protected] HONG KONG/MALAYSIA/INDONESIA Sonney Media Networks; Tel +852 2151 2351, hemant@sonneymedia. com INDIA Media Star; Tel +91 22 4220 2103, [email protected] SWITZERLAND/FRANCE/ITALY/SPAIN IMM International; Tel +331 40 1300 30, n.devos@ imm-international.com JAPAN Tandem Inc.; Tel + 81 3 3541 4166, [email protected] NETHERLANDS giO media; Tel +31 6 6 2223 8420, [email protected] THAILAND Media Representation International; +66 8 6777 3417, [email protected] TURKEY TTR Media Ltd; Tel +90 212 275 8433, tanbilge@medialtd. com.tr UK Spafax; Tel +44 207 906 1983, [email protected] USA WorldMedia Inc; Tel +1 212 244 5610, [email protected] PF_32017.P08-12_Intro_Contents.indd 12 2/19/17 5:16 PM Joséphine Collection Aigrette ring and wedding band 077_PORTFOLIO_205x265_BRIDAL 2017_GB.indd 1 30/01/2017 13:55 UPFRONT 14 15 PF_32017.P14-17_Upfront_Car.indd 14 2/19/17 5:43 PM MARCH / TECHNOLOGY ISSUE 135 What can we expect from our future cars? Dejan Jovanovic explores the trends that are set to dominate the motoring industry in the years to come oo bad Moore’s law – wooing the public with displays of the famous prediction jet cars and autonomous Scalextric- by an Intel co-founder like highways. Seriously, where are who claimed my Jetsons flying cars already? computers double in Today, in an increasingly Tpower every year – doesn’t apply to homogenised industry with a automobiles, or by now we’d have narrowing global supplier base, progressed fast enough to make it to automobiles are all much the the moon in an hour, using only a same. When every luxury car single gallon of fuel. comes powered by the ubiquitous Instead here we are, a century 3.0-litre twin-turbocharged of mass producing motor vehicles V6 engine mated to an eight- later, getting about the same speed automatic transmission mileage in our SUVs as a 1920s (because they already kind of do) Ford Model T, and going about as then what’s to differentiate one far on a single charge in our plug- premium brand from the other? in hybrids as a 100-year-old Baker What’s to pull you towards a Electric. They call it progress. BMW or a Mercedes or anything, Automobiles have remained if they all use the same global quite the same since, well, forever. parts suppliers fulfilling the same Engine in the front, drive in global regulations – the headlights the rear, driver in the middle. are yay high, the windscreen just Combustion, pollution, propulsion. so raked, and the bonnet exactly There was a period of positivity – this far above the engine. 14 15 stunning concept cars of the 1950s We are, however, in a transitional envisioned an encouraging post-war phase, in a limbo era where car scenario, particularly in America manufacturers don’t really have a where Detroit’s all-powerful auto clue what the future holds so they manufacturers put on country- put one egg into each basket, and wide travelling roadshows of fancy, there are hundreds of them. PF_32017.P14-17_Upfront_Car.indd 15 2/19/17 5:43 PM UPFRONT Some are doing electric drivetrains, car it’s stuck in the middle of the next-gen vehicle development – others stick to petrol and diesel, lane so that you can slow down. Volkswagen is only a single example, others still are chasing hydrogen fuel That’s just one simple scenario. having acquired BlackBerry’s cells, and no one is sure what will Car-to-car connectivity algorithms European research and development prevail. There are technologies we will run everything, and the link centre for just such a purpose. can predict, though – Moore’s Law continues with infrastructure, Similarly, automotive electronics might not apply to automobiles, including highways, traffic lights… supplier Harman recently revealed a but ‘Merc’s Law’ does. That is to Waiting at red lights will be a thing new security framework with a “series say, the Mercedes-Benz S-Class of the past on a fully connected of protective layers, like an onion”, luxury limousine has always been a road. The push for connectivity for car infotainment units, and others good sign of what exciting kit will is two-fold – people today simply are moving as quickly. To date there soon trickle down to the average aren’t emotionally capable of being hasn’t been a single malicious car cars most of us drive, so S-Classes ‘unplugged’ from the world and hacking or cyber threat to consumers and BMW 7 Series and Porsche so far their car’s been a medieval (the documented Jeep Cherokee, Panameras are a good indicator of internet-less cave as far as the Ford Escape and Toyota Prius where the industry’s moving. general public is concerned. Second, hackings were done by researchers) autonomy will never happen without and if the industry continues to CONNECTIVITY full connectivity. prioritise cyber security it may If we’re serious for a moment and stay that way. Around the world just catch a breath to stop all the CYBERCRIME consumer aspirations are changing hot talk of driverless cars, legislated The drawbacks of living in an always- with connectivity being a key feature extensive use of autonomous cars on world is the same as in living in buying decisions. Harman says by is way more than just a decade in any privileged neighbourhood: 2020 there will be a billion cars on away. Most point to beyond 2030. somebody else will want what you the road, and carmakers will have Instead of thinking about how have. Cybercrime, then, is another to respond with reassurances their to take away the steering wheel, big one concerning our cars of the connected cars are completely safe.