Wealth
New study pegs the median age of the world’s billionaires at 67
While younger tech billionaires like Elon Musk, 51, and Mark Zuckerberg, 39, may dominate the wealth headlines, the majority of the world’s billionaires are over retirement age, according to a new study. The median age of the world’s 3,194 billionaires is now 67 years old, data firm Altrata said in a report released Wednesday. Forty-two […]
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China’s vacation restoration will get a lot more interest, but India’s outbound marketplace is ‘booming’ even a lot quicker
Speak about Asia’s journey restoration is still mainly centered on the return of Chinese vacationers. But it is Indians travelers who are hunting for intercontinental trips more rapidly than tourists in any other market in the world, Agoda’s CEO, Omri Morgenshtern, instructed CNBC Travel. “The whole point is booming,” he claimed. “India outbound [travel] is […]
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How 1 spouse and children turned a career reduction into an possibility to sail the environment
Lisa Terauchi-D’Rozario’s husband had been a captain with Hong Kong airline Cathay Dragon for 14 yrs when he dropped his work in Oct 2020, she claimed. Cathay Pacific minimize 1000’s of jobs and shuttered its regional airline all through the pandemic. The news was crushing, Lisa said. The household made the decision to leave Hong […]
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Bentley car review: The $384,000 Continental GTC Speed offers a smooth and powerful ride
Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBC The V-12 engine is dead. Long live the V-12. In the coming years, supercar companies like Lamborghini, Bentley and Rolls-Royce have all announced phase-outs of their V-12 engines as they roll into the age of hybrid and electric vehicles. In the meantime, they’re launching 12-cylinder […]
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Bentley CEO says customization craze among the wealthy is boosting profit
Adrian Hallmark, CEO, Bentley Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter thanks in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more […]
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How luxurious huge LVMH crafted a economic downturn-evidence empire
Luxury big LVMH Moët Hennessy Louis Vuitton, additional frequently recognised as LVMH, has grown into a $500 billion powerhouse conglomerate of 75 distinguished manufacturers, or “maisons,” rooted in 6 various sectors — with no options to gradual down. The organization recorded profits of 79.2 billion euros, or about $86.3 billion, very last yr, an improve […]
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This trader’s bought the ‘perfect’ position for total-time vacation — and he is educating other individuals how to do it
Patrick Schulte claimed he is desired to be a trader since he was 15 decades aged. He stated he noticed a clip of the New York Inventory Exchange on the nightly information, and considered, “That’s what I’m going to do.” He learned the ropes near to dwelling at the Minneapolis Grain Exchange, prior to shifting […]
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Hamptons rental prices fall for the summer as owners contend with oversupply
An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. There are now about 5,700 seasonal rentals available for this summer on the South Fork peninsula in New York, which includes most of the Hamptons, according […]
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No, you cannot experience a lion on safari — why more firms are telling vacationers ‘no’ these days
“No.” It is 1 of the dirtiest phrases in hospitality — and tourists may well be listening to it extra these times. The journey company Find out Africa experienced to say it when possible consumers asked if their younger son could journey a lion whilst on safari. “When we reported no to using a lion, […]
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Wheels Up founder abruptly steps down as losses mount, potential bankruptcy looms
Kenny Dichter, founder and chief executive officer of Wheels Up Chris Goodney | Bloomberg | Getty Images Private jet company Wheels Up announced Tuesday that its founder and CEO, Kenny Dichter, is stepping down from his post immediately as the company faces mounting losses and the potential for bankruptcy. Board member Ravi Thakran will become […]
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