Wealth
Meet the art collectors with home galleries: ‘The stock market doesn’t give me any fulfillment’
Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant Cardone Multimillionaire Grant Cardone, who has been collecting art for around 15 years, says he’s a spontaneous buyer. “I don’t consider myself a connoisseur. I’m very new to the art world. If I like it, I buy it. I don’t […]
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The 10 books the rich will be reading this summer
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. Today’s workaholic wealthy rarely have time to sit back and read a good book — except maybe for a few weeks […]
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‘We have failed economically’: Bhutan turns to ‘Gross Countrywide Contentment 2.0’ as crisis deepens
Bhutan’s governing philosophy of “Gross Countrywide Pleasure” has been heralded the world over for balancing economic progress with the perfectly-becoming of its citizens. But modern conversations of “Gross Countrywide Happiness 2.” by its freshly elected Prime Minister Tshering Tobgay suggest that improve on some stage is underway as the region struggles with an economic crisis […]
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Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy
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. Housekeepers in Palm Beach and South Florida are cleaning up, with salaries often topping $150,000 and bidding wars between mansion owners […]
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Family offices become prime targets for cyber hacks and ransomware
A computer with a “system hacked” alert due to a cyber attack on a computer network. Teera Konakan | 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 […]
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‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
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. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid […]
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China’s Shenzhen metropolis sees fastest growth in millionaires globally
Shenzhen city skyline. Photographer is my life. | Getty Images China’s Shenzhen has recorded the fastest growth in millionaires over the past decade, and is poised to see a further influx in the coming years, according to a recent report. Shenzhen recorded 140% growth in millionaire count, according to the report from New World Wealth […]
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‘Wealth can be pretty isolating’: Problems that rich people face, according to therapists
Depressed young male smoking cigarette, drinking alcohol and holding his head in hand. Mixmike | E+ | Getty Images Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass. While wealth can bring with it some unconventional problems — such as being denied […]
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An art market full of cracks is about to face a $1 billion test
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. The key May art sales at major auction houses are expected to be down from last year, as wealthy buyers and sellers take […]
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$22,000 for each 7 days? All-inclusive resorts go major to get around luxurious travelers
All-inclusive lodges are earning a significant enjoy for luxury tourists. In the wake of the pandemic, need for all-inclusive resorts skyrocketed, according to a report by JLL Study Lodges & Hospitality. Travelers — out of the blue and en masse — preferred holidays that were anxiety-no cost and effortless to prepare, ideally with a wellness […]
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