Magic Johnson is relentlessly positive, a quality that has served him well as a player, a businessman and even while living with HIV since 1991.
The former Lakers great generally keeps his social media comments upbeat. Yet, a last-second mental lapse Sunday by one of the five professional sports franchises Johnson co-owns prompted him to tweet the equivalent of a distress signal.
“I’m in total disbelief my Commanders had such poor clock management in today’s overtime game against the Giants. All we had to do was kick the field goal and we would have won the game!”
The tweet ended with an emoji of a man facepalming, conveying Johnson’s exasperation over the last play of Washington’s 27-27 tie with the New York Giants.
The Commanders were at the Giants 24-yard line with 12 seconds to play, no timeouts and the clock running. What needed to be done was obvious: Quarterback Jayden Daniels takes a snap, spikes the ball and the field-goal team trots out.
Nope. Daniels took a snap, danced around, was tackled and the clock expired.
Head coach Dan Quinn ripped off his headset and slammed it to the ground. Daniels stood on the field looking stunned. Johnson, who acquired 4% of the team when his pal Josh Harris bought it for $6.05 billion in 2023, vented on social media.
Johnson’s public comments are usually motivational gems such as “When you face a crisis, you know who your true friends are.” Or “Life doesn’t stop because something happens to you.” Or “I’m the one who will take chances, not worry about the backlash.”
When the Commanders lost their first two games this season, Johnson stayed silent. When they upset the Seattle Seahawks two weeks ago, Johnson took to his keyboard to congratulate the team, tweeting a photo of himself in a luxury box.
The last time he had expressed frustration about the Commanders on social media was three years ago, shortly after Harris became majority owner and Johnson had chipped in $240 million as a limited partner. On Oct. 5, 2023, he tweeted “Tonight the Commanders played with no intensity or fire. We didn’t compete in the first half and got down 27-3 heading into halftime. It was too big of a hole to climb out of and that is why we ended up losing 40-20.”
This time, he didn’t need nearly as many words. Quinn and Daniels both took responsibility for the lapse.
“The right call is honestly, we can go clock it early and don’t put ourselves in that spot,” Quinn said. “That’s my responsibility.”
Added Daniels, whose nonchalance after getting tackled seemed to indicate he thought his team had a timeout: “We’ve got to stop the clock. We’ve got to know the situation. We’ve got to relay that as an offense. It starts from everybody, from the top down. Ultimately, you know, it’s on me.”
For his part, Johnson could turn his attention to another of the teams in which he has a financial interest: the Dodgers, who lost Game 1 of the National League Championship Series to the Milwaukee Brewers on Sunday. He remained mum about that game, having last posted several congratulatory tweets when the Dodgers sailed through the NLDS against the Atlanta Braves last week.
The world is creating more wealth than ever before but protecting and growing it has become increasingly challenging.
To put this into perspective, BCG’s Global Wealth Report 20261 found that global financial wealth increased by 10.7% in 2025 to US$333 trillion, its highest rate of growth since 2021. The Gulf Cooperation Council (GCC) is also becoming more prominent within this evolving landscape. The region’s total wealth reached an estimated US$8.6 trillion in 2024, while EY’s GCC Wealth Management Industry Report 20252 estimated that more than 200,000 individuals across the region qualify as ‘high net worth’ (HNW).
Amid this trend, around half of the private wealth in the GCC remains tied to real estate, highlighting an opportunity for greater diversification across assets and markets.
We see this among QNB’s private banking and wealth management clients, with a move beyond traditional equity and fixed income allocations towards broader diversification strategies. For example, interest is growing in alternative investments, international opportunities and actively managed solutions that can respond to changing market conditions.
The GCC’s Growing Role in Global Wealth
The GCC’s emergence as an international wealth hub reflects the broader transformation taking place across its economies. Investment in technology, infrastructure, financial services, tourism and advanced industries is widening the range of opportunities available to investors and strengthening the region’s connections with markets across Asia, Africa and Europe.
The development of financial centres, deeper capital markets and national economic transformation programmes is also creating a more sophisticated regional investment ecosystem. These initiatives are strengthening the region’s position not only as a source of capital, but also as a destination for private wealth and a platform through which investors can access international markets.
From Portfolio Allocation to Active Stewardship
As the investment universe expands, diversification is no longer limited to simply holding a mixture of listed equities and fixed income instruments. Investors increasingly require portfolios diversified across geographies, currencies, sectors, asset classes and investment horizons.
This is driving demand for alternative investments as investors look for new sources of return and greater portfolio resilience.
According to EY’s GCC Wealth Management Industry Report 20253, 69% of wealthy clients in the Middle East hold alternative investments. This supports what we are seeing among QNB’s clients, with growing interest in private markets, structured solutions and thematic opportunities that can enhance diversification and provide attractive risk-adjusted returns.
These investments can provide access to opportunities that are not always available through public markets. However, they can also introduce liquidity constraints, longer investment horizons, valuation complexity and varying levels of transparency. Access alone is therefore not enough.
Each allocation also requires rigorous due diligence and a clear understanding of how it contributes to the objectives, liquidity requirements and risk profile of the overall portfolio.
For HNW individuals and family offices, their objectives often extend beyond investment performance. These may include capital preservation, liquidity planning, succession, or the responsible stewardship of family assets.
Such priorities are becoming more pronounced. EY estimates that approximately 500,000 older individuals across the GCC could transfer around US$438 billion to their heirs by 2030, increasing the importance of multigenerational wealth planning.
Combining Global Access with Regional Expertise
To meet the evolving needs of HNW individuals, global reach provides access to a wider universe of investments, specialist expertise and institutional relationships. At the same time, regional knowledge allows advisers to understand local market structures, emerging opportunities and individual client priorities.
Together, these capabilities support portfolio strategies that are globally diversified while remaining relevant to each client’s circumstances.
QNB Group is well positioned at the intersection of these dynamics. As a leading financial institution in the Middle East and Africa, with a presence in over 28 countries across Asia, Europe and Africa, the Group combines international market access with deep regional knowledge. This enables QNB to provide tailored wealth-management solutions informed by a strong understanding of market opportunities and client needs.
However, scale and access are only part of effective wealth management. Clients increasingly expect advice that reflects their individual circumstances, risk appetite and ambitions. This requires bespoke portfolio strategies, data-driven market insights and robust governance, supported by relationships built on trust and discretion.
A More Active Approach to Long-term Wealth
The next phase of wealth management will be more globally diversified, actively managed and advisory-led.
This degree of monitoring is essential; while investors will continue to seek wider access to international and alternative opportunities, they will also require greater discipline in how those opportunities are evaluated and integrated into their portfolios.
The GCC is well placed to play a growing role in this evolution. Its expanding wealth base, economic transformation, financial capacity and international connectivity are strengthening its position as both a destination for capital and a centre for long-term wealth creation.
Ultimately, successful wealth management depends on the ability to combine global access with regional understanding and investment opportunity with disciplined stewardship. Institutions that combine these capabilities will play an increasingly important role in helping clients preserve their wealth, navigate complexity and create enduring value across generations.
Read more about QNB Group’s wealth management capabilities and solutionshere.
‘Total disbelief’: Magic Johnson blasts Commanders’ clock management
Magic Johnson is relentlessly positive, a quality that has served him well as a player, a businessman and even while living with HIV since 1991.
The former Lakers great generally keeps his social media comments upbeat. Yet, a last-second mental lapse Sunday by one of the five professional sports franchises Johnson co-owns prompted him to tweet the equivalent of a distress signal.
“I’m in total disbelief my Commanders had such poor clock management in today’s overtime game against the Giants. All we had to do was kick the field goal and we would have won the game!”
The tweet ended with an emoji of a man facepalming, conveying Johnson’s exasperation over the last play of Washington’s 27-27 tie with the New York Giants.
The Commanders were at the Giants 24-yard line with 12 seconds to play, no timeouts and the clock running. What needed to be done was obvious: Quarterback Jayden Daniels takes a snap, spikes the ball and the field-goal team trots out.
Nope. Daniels took a snap, danced around, was tackled and the clock expired.
Head coach Dan Quinn ripped off his headset and slammed it to the ground. Daniels stood on the field looking stunned. Johnson, who acquired 4% of the team when his pal Josh Harris bought it for $6.05 billion in 2023, vented on social media.
Johnson’s public comments are usually motivational gems such as “When you face a crisis, you know who your true friends are.” Or “Life doesn’t stop because something happens to you.” Or “I’m the one who will take chances, not worry about the backlash.”
When the Commanders lost their first two games this season, Johnson stayed silent. When they upset the Seattle Seahawks two weeks ago, Johnson took to his keyboard to congratulate the team, tweeting a photo of himself in a luxury box.
The last time he had expressed frustration about the Commanders on social media was three years ago, shortly after Harris became majority owner and Johnson had chipped in $240 million as a limited partner. On Oct. 5, 2023, he tweeted “Tonight the Commanders played with no intensity or fire. We didn’t compete in the first half and got down 27-3 heading into halftime. It was too big of a hole to climb out of and that is why we ended up losing 40-20.”
This time, he didn’t need nearly as many words. Quinn and Daniels both took responsibility for the lapse.
“The right call is honestly, we can go clock it early and don’t put ourselves in that spot,” Quinn said. “That’s my responsibility.”
Added Daniels, whose nonchalance after getting tackled seemed to indicate he thought his team had a timeout: “We’ve got to stop the clock. We’ve got to know the situation. We’ve got to relay that as an offense. It starts from everybody, from the top down. Ultimately, you know, it’s on me.”
For his part, Johnson could turn his attention to another of the teams in which he has a financial interest: the Dodgers, who lost Game 1 of the National League Championship Series to the Milwaukee Brewers on Sunday. He remained mum about that game, having last posted several congratulatory tweets when the Dodgers sailed through the NLDS against the Atlanta Braves last week.
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CarMax gains after management initiatives lead to higher profits
CarMax gains after management initiatives lead to higher profits
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GCC Wealth Management Embraces Diversification and Growth
The world is creating more wealth than ever before but protecting and growing it has become increasingly challenging.
To put this into perspective, BCG’s Global Wealth Report 2026 1 found that global financial wealth increased by 10.7% in 2025 to US$333 trillion, its highest rate of growth since 2021. The Gulf Cooperation Council (GCC) is also becoming more prominent within this evolving landscape. The region’s total wealth reached an estimated US$8.6 trillion in 2024, while EY’s GCC Wealth Management Industry Report 2025 2 estimated that more than 200,000 individuals across the region qualify as ‘high net worth’ (HNW).
Amid this trend, around half of the private wealth in the GCC remains tied to real estate, highlighting an opportunity for greater diversification across assets and markets.
We see this among QNB’s private banking and wealth management clients, with a move beyond traditional equity and fixed income allocations towards broader diversification strategies. For example, interest is growing in alternative investments, international opportunities and actively managed solutions that can respond to changing market conditions.
The GCC’s Growing Role in Global Wealth
The GCC’s emergence as an international wealth hub reflects the broader transformation taking place across its economies. Investment in technology, infrastructure, financial services, tourism and advanced industries is widening the range of opportunities available to investors and strengthening the region’s connections with markets across Asia, Africa and Europe.
The development of financial centres, deeper capital markets and national economic transformation programmes is also creating a more sophisticated regional investment ecosystem. These initiatives are strengthening the region’s position not only as a source of capital, but also as a destination for private wealth and a platform through which investors can access international markets.
From Portfolio Allocation to Active Stewardship
As the investment universe expands, diversification is no longer limited to simply holding a mixture of listed equities and fixed income instruments. Investors increasingly require portfolios diversified across geographies, currencies, sectors, asset classes and investment horizons.
This is driving demand for alternative investments as investors look for new sources of return and greater portfolio resilience.
According to EY’s GCC Wealth Management Industry Report 2025 3, 69% of wealthy clients in the Middle East hold alternative investments. This supports what we are seeing among QNB’s clients, with growing interest in private markets, structured solutions and thematic opportunities that can enhance diversification and provide attractive risk-adjusted returns.
These investments can provide access to opportunities that are not always available through public markets. However, they can also introduce liquidity constraints, longer investment horizons, valuation complexity and varying levels of transparency. Access alone is therefore not enough.
Each allocation also requires rigorous due diligence and a clear understanding of how it contributes to the objectives, liquidity requirements and risk profile of the overall portfolio.
For HNW individuals and family offices, their objectives often extend beyond investment performance. These may include capital preservation, liquidity planning, succession, or the responsible stewardship of family assets.
Such priorities are becoming more pronounced. EY estimates that approximately 500,000 older individuals across the GCC could transfer around US$438 billion to their heirs by 2030, increasing the importance of multigenerational wealth planning.
Combining Global Access with Regional Expertise
To meet the evolving needs of HNW individuals, global reach provides access to a wider universe of investments, specialist expertise and institutional relationships. At the same time, regional knowledge allows advisers to understand local market structures, emerging opportunities and individual client priorities.
Together, these capabilities support portfolio strategies that are globally diversified while remaining relevant to each client’s circumstances.
QNB Group is well positioned at the intersection of these dynamics. As a leading financial institution in the Middle East and Africa, with a presence in over 28 countries across Asia, Europe and Africa, the Group combines international market access with deep regional knowledge. This enables QNB to provide tailored wealth-management solutions informed by a strong understanding of market opportunities and client needs.
However, scale and access are only part of effective wealth management. Clients increasingly expect advice that reflects their individual circumstances, risk appetite and ambitions. This requires bespoke portfolio strategies, data-driven market insights and robust governance, supported by relationships built on trust and discretion.
A More Active Approach to Long-term Wealth
The next phase of wealth management will be more globally diversified, actively managed and advisory-led.
This degree of monitoring is essential; while investors will continue to seek wider access to international and alternative opportunities, they will also require greater discipline in how those opportunities are evaluated and integrated into their portfolios.
The GCC is well placed to play a growing role in this evolution. Its expanding wealth base, economic transformation, financial capacity and international connectivity are strengthening its position as both a destination for capital and a centre for long-term wealth creation.
Ultimately, successful wealth management depends on the ability to combine global access with regional understanding and investment opportunity with disciplined stewardship. Institutions that combine these capabilities will play an increasingly important role in helping clients preserve their wealth, navigate complexity and create enduring value across generations.
Read more about QNB Group’s wealth management capabilities and solutions here.
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