Wealth
The new class war: A wealth gap between millennials
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 wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave […]
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Miami is ‘ground zero’ for weather chance. People today are moving to the place and setting up there in any case
Critical Points Miami is undergoing a population and enhancement increase. Meanwhile, city officials, experts and other authorities say it really is amid the most susceptible towns globally to the impacts of weather change. That outsized local weather threat carries financial implications for inhabitants. Miami-Dade County officials are working to adapt and make the town livable […]
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Luxury real estate prices just hit an all-time record
Real estate is increasingly a tale of two markets — a luxury sector that’s booming, and the rest of the market that continues to struggle with higher rates and low inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet luxury real estate sales increased more than 2%, posting […]
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Meet the private doctor to the wealthy — at $40,000 a year
Dr. Jordan Shlain, founder of Private Medical. Credit: Jordan Shlain 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. When people ask Dr. Jordan Shlain to describe his medical practice, he says […]
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Here is where the world’s best .001% are putting their cash, in accordance to wealth gurus
Yana Iskayeva | Minute | Getty Photos The uber wealthy are living a entire world apart and their investing approaches also search vastly various from the average investor’s portfolio. “When there is no official threshold, centimillionaires or folks with a total web truly worth of over $100 million, is a very good benchmark as entry […]
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The price tag to trip on India’s luxurious trains may possibly surprise you
Luxurious trains in India day again to its colonial period, when opulent carriages transported dignitaries, officials and royalty. Far more trains were built in the 19th century for the country’s maharajas and other ruling elites and their family members. Adhering to India’s independence in 1947, privy purses — or governmental payments to these rulers — […]
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Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
A water slide on Savannah, a 274-foot hybrid superyacht. Courtesy of Northrup & Johnson 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. Superyachts sales took a dive in 2023, as long […]
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State tax officials are using AI to go after wealthy payers
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Even as the IRS makes headlines for cracking down on the wealthy, state tax collectors have become even more aggressive with audits of high earners, according to tax attorneys and accountants. In New York, the tax department reported 771,000 audits in […]
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An introvert’s information to surviving team journey
The thought of spherical-the-clock “togetherness” — with mates, family members or strangers certain with each other in a tour group — can be too much to handle to the believed 57% of folks who lean towards introversion. Solo travel can match introverts, who are inclined to re-energize by time put in by itself. But even […]
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The rich are getting second passports, citing risk of instability
Thomas Kokta | Photographer’s Choice Rf | 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. Wealthy U.S. families are increasingly applying for second citizenships and national residences as a […]
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