Tag: Wealth
Family offices shift out of cash and into alternatives
Strauss/curtis | The Image Bank | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly [...]
Younger generations gained more wealth than others since 2019, study says
Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study.Th [...]
Jeff Bezos’ move to Miami will save him over $600 million in taxes
Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May [...]
Wise, FX Fintechs Face New Rival in HSBC’s Zing App
In the early 2010s, a pack of financial technology startups hit the market with an offer that many consumers found hard to refuse: international money [...]
LVMH luxury watches at Watch Week in Miami
Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-p [...]
Hamptons La Dune mansion once listed for $150 million sells at auction
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million.The four-acre estat [...]
Manhattan rents fall for first time in over two years
A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)Anadolu A [...]
Ferrari's $400,000 Purosangue is a dream to drive. Just don't call it an SUV
The Purosangue, its name meaning "pure blood" or "thoroughbred" in Italian, comes with a 7.5-liter, V-12 engine.
www.cnbc.com [...]
Billionaires to transfer $5 trillion to their children
In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionai [...]
Inside Tennessee’s most expensive home, near Nashville
Twin Rivers Farm could break records as Tennessee's priciest home if it fetches its $65 million asking price. The property is located just 30 miles so [...]
Luxury hotels move into Nashville as demand for rooms surges
Nashville is seeing an unprecedented surge in luxury hotels, with renowned brands such as the Four Seasons Hotel, the W Hotel and the Grand Hyatt open [...]
Charlie Munger, investing sage and Warren Buffett’s confidant, dies
Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at Berkshire Hathaway, has die [...]
Family offices move money out of stocks and into private markets
Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new [...]
LVMH buys eyewear brand Barton Perreira
Barton Perreira sunglasses are displayed during 'A Good Time At Goodman's' held at Goodman's Men's Store in New York City.Astrid Stawiarz | Getty Imag [...]
Look inside Ivana Trump’s $22.5 million townhouse
The late Ivana Trump's townhouse in New York has sat on the market for one full year with no takers. In September, it took a $4 million cut from its o [...]