Wealth
The top 10 richest cities in America
A new report found that New York City is the No. 1 place for ultra-high-net-worth individuals to own a property. Alexander Spatari | 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, […]
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Passport-totally free travel in Singapore is right here — but only for certain travelers
Singapore made global headlines past year when the authorities announced that biometric processing will change vacation doc verifications at Changi Airport in the 1st 50 percent of 2024. But the town-condition is heading “passport-no cost” in a further place: its land border with Malaysia. From Tuesday, people today traveling by motor vehicle among Singapore and […]
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Ferrari boss claims ɾmotion' won't be shed in EV engine roar
A Ferrari is parked exterior the New York Stock Trade in celebration of Ferrari’s preliminary public giving in New York City on Oct. 21, 2015. Andrew Burton | Getty Photos Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker’s new electric powered car or truck will offer you motorists the exact same roar […]
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Biden’s ɻillionaire tax' will take intention at the tremendous-wealthy — but can a wealth tax function in fact?
Phone calls for a wealth tax on the world’s super-prosperous are the moment once more getting focus after U.S. President Joe Biden reported he would impose a new “billionaire tax” on the country’s wealthiest if re-elected in November. Outlining his 2025 funds proposals on Monday, Biden took purpose at the uber affluent and reiterated programs […]
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The increase of the Robin Hood tax
The so-termed prosperity tax is a politically divisive economic coverage, but 1 that is regaining traction amid growing inequality and shifting demographics. U.S. President Joe Biden in his 2024 Point out of the Union address became the newest to suggest these types of strategies, calling for a “billionaire tax” on the country’s tremendous-wealthy. But can […]
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'Dollars up, donors down': More charity money is coming from the ultra-wealthy
Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa. Brenton Geach | Gallo Images | 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 […]
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'The ultimate journey': Why more Indian travelers are getting extreme road visits
Meenakshi Sai, 51, seems to be like any other Indian girl, dressed in a saree and sporting a bindi on her forehead. But contrary to lots of females in her country, she’s been driving considering that she was 18 a long time previous. As of 2020, fewer than 7% of India’s 236 million drivers have […]
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ɽo I regret it? No’: AirAsia’s Tony Fernandes discusses viral topless LinkedIn post
Tony Fernandes, main govt officer of Capital A Bhd., through the Milken Institute Asia Summit in Singapore, on Thursday, Sept. 14, 2023. The summit runs by way of Sept. 15. Bloomberg | Bloomberg | Getty Photographs AirAsia founder and CEO Tony Fernandes claims he does not regret the viral LinkedIn write-up that confirmed him getting […]
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Family offices have tripled since 2019, creating a new gold rush on Wall Street
Westend61 | Westend61 | 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. The number of family offices in the world has tripled since 2019, setting off a new race […]
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Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month
A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire […]
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