Suppress Zephr
Lawsuit over $21 million donor-advised fund highlights risks of DAF giving
Ridvan_celik | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. With donor-advised funds gaining popularity as a vehicle for the wealthy to give back, risks and potential […]
Read More
Billionaire family offices invested in pro soccer, bitcoin and semiconductors before the new year
Leon Cooperman. Scott Mlyn | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-wealthy capped off 2025 with equity bets ranging from airline stocks to […]
Read More
2026 CNBC Changemakers: Women leaders who defied the odds to reach the highest levels of success
The third annual CNBC Changemakers list of women transforming business and philanthropy, which launched on Wednesday, recognizes leaders at the forefront of AI and innovators across traditional fields, from finance to healthcare, retail, entertainment and sports. The 2026 Changemakers range from startup founders to high-profile stars such as Kim Kardashian, who grew Skims to a […]
Read More
Epstein files highlight how the wealthy borrow against art collections
FILE: Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide […]
Read More
Equinox’s $40,000-a-year membership has a waiting list, says chairman Harvey Spevak
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equinox’s $40,000-a-year membership has a waiting list of more than 1,000 people, as demand for luxury health and wellness programs soars, according to […]
Read More
Ultra-rich families spend more on their private investment firms as their fortunes rise
Anciens Huang | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. As the world’s wealthiest pad their fortunes, they are spending more to run their private investment […]
Read More
In wartime Ukraine, the government is deploying a super app for the citizenry’s future
Digital transformation and reskilling are challenges during the best of times, but Ukraine’s wartime achievements with technology deployment for its citizenry are a unique success story. Despite the full-scale Russian invasion, which happened nearly four years ago and continues to this day, the Ukrainian government has continued working towards President Volodymyr Zelenskyy’s goal of building […]
Read More
From Hyatt to Holiday Inn, America’s free hotel breakfast is facing a K-shaped economic threat
Jeff Greenberg | Universal Images Group | Getty Images At some point in the 1980s and 90s, the free hot breakfast became a staple of the hospitality industry. At many a Holiday Inn or Hampton Inn, the lobby at 8 a.m. is a pinwheel of pajama-clad kids, frazzled parents, and solo business travelers jockeying for […]
Read More
AI startups want to crack open the recipe book in Big Food’s test kitchens
In the world of big food, artificial intelligence is nothing new. McCormick, which owns brands including Frank’s RedHot, Cholula and Old Bay, has been using AI in flavor development for nearly a decade, with the company saying its development timelines have been cut by 20% to 25%, on average, by identifying promising flavor combinations and narrowing down which ideas are […]
Read More
Lunar New Year gives luxury brands a chance to win back big spenders in China
Luxury brands from Harry Winston to Loewe are going all in on Lunar New Year collections in a bid to attract Chinese customers. Ahead of the Year of the Horse, which starts on Tuesday, Harry Winston unveiled a limited-edition, $81,500 rose gold watch with diamond bezels and a red lacquer horse. High-end fashion brand Chloé […]
Read More