Author: Arabian Media staff

Alissa Krasner Maizes wanted a boat, so she splurged and bought one, spending $22,000. “Yes, I am that financial advisor who is unapologetic about buying a boat that my family only uses a few days a year,” said Maizes, founder of Amplify My Wealth. “Although maintaining its value is a bonus, it is certainly not why I made this purchase. Rather, it is because I can afford it, and it brings joy to me and my family.” She saved on the cost of the boat by not buying a new one. “I was lucky enough to buy a boat fitted for…

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Mexico has produced its fair share of billionaires. Here are the country’s top five wealthiest individuals, along with descriptions of their net worths, their wealth rankings in Mexico, their global wealth rankings, and descriptions of the sectors in which they earned (or inherited) their astonishing fortunes. Data is current as of July 2025. Key Takeaways Mexico is home to 22 of the world’s 2,933 billionaires, as measured in U.S. dollars.Carlos Slim Helu, the wealthiest person in Mexico, made his $93 billion fortune in telecommunications.The second wealthiest, Germán Larrea Mota Velasco, is the majority owner of Grupo Mexico, the country’s largest…

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Choosing between a limited liability company (LLC) and a corporation is one of the first big decisions a new business owner faces. Your choice affects how you’re taxed, how much paperwork you’ll deal with, and how protected your personal assets are. While both structures offer liability protection, they differ in ownership, tax treatment, and complexity. Here’s what you need to know to choose the right fit for your business. Key Takeaways LLCs are generally easier and more flexible to set up and manage than corporations.LLCs offer tax flexibility, allowing owners to choose how the business is taxed.Corporations may be more…

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