Wealth
Bitcoin rally helps create more than 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to […]
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Classic car sales stall in Monterey auctions as new generation takes charge
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. Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of […]
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No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere. The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to […]
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‘The World’ is a luxury ship that travels the world full time — here’s how much an apartment on it costs
A floating apartment. A residential yacht. A holiday home that travels the globe. The World, a luxury liner, has many descriptions, but “cruise ship” is not one of them, said resident Jim Minarik. “The only thing that’s similar between the world and a cruise ship is they float on the water,” he said. “If our […]
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‘Travel is too expensive right now’: Americans are spending less or skipping trips altogether
Travelers may have finally had enough. With revenge travel over and pandemic savings depleted, travelers say they’re planning fewer trips this summer, or skipping their vacations altogether. “After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip,” states a summer travel report from Deloitte Insights. […]
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LVMH CEO Bernard Arnault’s family office goes shopping for AI startups
World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | 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, […]
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Planning a luxury trip to Singapore? Here’s what to do and where to stay
For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with everything from top-tier accommodations to high-end shopping and restaurants. For the ultimate stay, Marina Bay Sands has an exclusive, invitation-only Chairman Suite, while Capella Singapore on Sentosa Island is a tranquil escape, known for hosting high-level international meetings. […]
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Private jet flights are down 15% in two years as Covid-era demand wanes
A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington’s Reagan National Airport on June 12, 2024, in Arlington, Virginia. J. David Ake | 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 […]
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A $1.4 million vacation? Take a look inside a yacht that costs that much per week
The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million. But she can be yours for a fraction of the cost: $930,000 per week. But with many large yacht charters, surcharges — for fuel, food, drinks, marina fees, onshore activities and special requests — are usually an additional 35% of the base […]
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A $1.4 million vacation? Take a look inside a yacht that costs that much per week
The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million. But she can be yours for a fraction of the cost: $930,000 per week. But with many large yacht charters, surcharges — for fuel, food, drinks, marina fees, onshore activities and special requests — are usually an additional 35% of the base […]
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