Suppress Zephr
Walton family fortune: How America’s richest family manages their wealth
Rob Walton, left, Walmart retired chairman of the board, and Walmart board member Steuart Walton listen at the Walmart annual formal business and shareholders meeting in Rogers, Arkansas, on May 30, 2018. Walmart shareholders from around the world can attend meetings throughout the week. Rick T. Wilking | Getty Images A version of this article […]
Read More
Art Basel Miami sees strong attendance and sales as art market recovers
Art Basel Miami Beach racked up strong sales and attendance last week, as the art market rode a wave of renewed confidence following the strong November auctions in New York. More than 80,000 collectors and art fans poured into the Miami Convention Center for the annual art show, with several works selling for over $1 […]
Read More
The exclusive WhatsApp chats where family offices vet deals, plan meetups and sell dinosaur bones
The mobile-messaging application WhatsApp is displayed on an Apple iPhone Brent Lewin | Bloomberg | Getty Images For investment firms of the ultra rich, WhatsApp is a one-stop shop for everything from vetting deals to finding the best surgeons. Sam Nallen Copley, an investment advisor at a London-based family office, runs a 970-person WhatsApp group […]
Read More
Walmart and Alquist strike landmark deal, jump-starting 3D-printed commercial real estate
Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee. Alquist A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to […]
Read More
Teachers’ union AFT slams crypto market bill, warns of ‘profound risks’ for America’s retirement plans
The American Federation of Teachers, the powerful labor union that represents 1.8 million members, is urging the Senate Banking Committee to reconsider its crypto market structure bill, the Responsible Financial Innovation Act, calling the proposed legislation “as irresponsible as it is reckless” in a letter exclusively obtained by CNBC. In the letter that AFT president […]
Read More
Commercial real estate deal volume drops for the first time in nearly two years
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The recovery in […]
Read More
Rising stocks and IPOs helped create 287 new billionaires this year
Wall Street sign in New York with American flag and Christmas tree lights in the background. Mwelsh | Istock | Getty Images Rising stock markets, a return of merger activity and flowing inheritances helped create 287 new billionaires this year, bringing the global total to over 2,900, according to a new report. Billionaire wealth reached […]
Read More
Married millennials, here comes the crypto divorce cliff
Fizkes | Istock | Getty Images Divorce always raises thorny questions of how to divide marital property. In most cases, the remedy is pretty straightforward, requiring a surgical split between the two parties’ assets — although you can’t do that with the family dog or aquarium. But if you thought deciding who gets the dog […]
Read More
Biggest mistakes crypto investors make with estate planning
Roughly 1 in 7 people are leaving unclaimed property on the table, according to the National Association of Unclaimed Property Administrators. While the recent heavy selling in bitcoin and ether is rightly getting all the short-term attention, this estate planning issue is a longer-term one that’s likely to be exacerbated as crypto adoption and ownership […]
Read More
Where billionaires’ investment firms placed their bets in November
Key Points Family office deal-makers have yet to pick up the pace even as the end of the year draws near. But investment firms of billionaires, including those of Jeff Bezos and Bernard Arnault, are still banking on AI health-care startups. For family offices looking to tap into the artificial intelligence boom and make an […]
Read More