A new Miss World was crowned on Thursday at a glittering ceremony held in Puerto Rico's capital San Juan.
Poland’s Karolina Bielawska was named Miss World 2021, beating runners up Miss USA Shree Saini, and Ivory Coast's Olivia Yace, who was favourite to win.
The other candidates in the top six were Pricilia Carla Yules from Indonesia, Karolina Vidales from Mexico and Anna Leitch from Northern Ireland.
Who is Miss World 2021 Karolina Bielawska?
Bielawska, 23, started her modelling career at the age of 14, when she placed second in the Elite Model Look competition. In her late teenage years, she signed to several different high profile modelling agencies, and walked in fashion weeks in Poland and around the world.
Away from modelling, Bielawska holds a bachelor’s degree in management, and is currently pursuing a master’s degree in business.
Bielawska describes herself as an adrenalin junkie, and says travelling is among her biggest passions in life.
“Enjoying the world and its beauty brings me a lot of joy. Discovering new places, meeting new people, and learning about their culture makes my life fuller,” she wrote in a Miss World blog post.
“Hans Christian Andersen said that ‘To travel is to live’ and I completely relate to that. Trying new things, enjoying the wilderness of nature, and learning from people different for me is what makes me feel alive,” she said.
During the pageant, she spoke of her hopes to become a television presenter and actress, describing Australian Oscar-nominated actress Margot Robbie as her dream co-star.
“I heard many times that I look like her, so I would choose her to see if it’s true … it would be amazing to meet and learn from this wonderful actress,” she said.
Bielawska’s charity work has seen her support and volunteer for a number of organisations since she was crowned Miss Poland in 2019, including the Zupa na Pietrynie group, which provides support for homeless people in the country.
Speaking of her work with the project, Bielawska said: “Since I have volunteered, I’ve seen a lot of people suffering from cold, hunger, and poverty. Sometimes when we don’t struggle and experience those things, we assume that those issues are not there.
“This year was a huge lesson on empathy and gratitude for me. Every day I’m grateful for what I have and thanks to empathy, I want to share it with others.”
In being crowned the 70th Miss World, Bielawska made history by becoming only the second Polish beauty queen to win the title.
Following the win, she took to Instagram to share her gratitude. “I still cannot believe I’ve just become the second Miss World in Polish history. I am more than proud to bring that crown to my country.
“I have no words to express how extremely grateful I am for this opportunity and a huge amount of support I’ve received from so many people. I would have never come so far by myself,” she wrote on Instagram.
“I believe that we are all placed here for a purpose and I have never been more excited for fulfilling mine. Thank you God, I give all my glory to you. Always fight for your dreams until the very end, they do come true.”
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
