Wealth
StanChart unveils $1.5 billion share buyback, boosts income guidance
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs. The bank’s Hong Kong-listed […]
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Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
Aerial view of cityscape and skyscraper at sunset in Dubai Marina. Lu Shaoji | Moment | Getty Images The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source […]
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Family offices are giving top staff equity and profit shares in battle for talent
Thomas Barwick | Digitalvision | 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. Family offices are increasingly offering lucrative shares of equity and deal profits to staff […]
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‘Sports tourism’ is huge. But the Summer Olympics caused travel to Paris to plummet
Was it the Parisians who bluntly told travelers “do not come” to Paris during the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away? For a multitude of reasons, many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications […]
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Sales of $100 million homes set to double this year as trophy properties recover
A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios 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. […]
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She spent four months in France and Spain on a $6,000 budget
In 2023, Rowena Hennigan came to a difficult but necessary conclusion — she needed an extended break from work. Hennigan was dealing with disrupted sleep, anxiety, brain fog — all normal symptoms of menopause – but it was wreaking havoc on her work and her mental health. She said she tried exercise, a new diet, […]
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Airlines roll out business seat upgrades at Farnborough Airshow as demand for lucrative cabin class set to rise
FARNBOROUGH, England — Airlines showcased new business class seats at one of the world’s biggest air shows this week, as corporate travel demand is forecast to rise in 2024 in a new report. Qatar Airways displayed its business class upgrade at Farnborough Airshow near London. The most talked-about new feature was the in-flight entertainment monitors […]
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How the ultra-wealthy travel in Paris
Paris boasts many luxurious five-star accommodations. At the Hotel Plaza Athénée, a single night during peak season can cost around $44,000, while a stay in the Imperial Suite at the Ritz Paris can command an astounding $70,000 per night. Hôtel de Crillon, an 18th-century palace which was converted into a luxury hotel in 1909, has […]
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Packing your bags for Paris? Here’s what to expect from a visit this summer
During the six years that I was lucky enough to live in the center of Paris, I learned a lot about the ups and downs that come with being a Parisienne. I would move back in a heartbeat. But I also feel for international visitors who arrive with a romantic vision of beautiful perfection, only […]
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Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale
People look at a virtually complete Stegosaurus fossil on display at Sotheby’s on July 10, 2024 in New York City. Alexi Rosenfeld | Getty Images Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking the most valuable fossil ever sold at […]
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