Wealth
Record numbers of wealthy Americans are making plans to leave the U.S. after the election
Ferragudo, Portugal. Gonzalo Azumendi | Stone | 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. A growing number of wealthy Americans are making plans to leave the country in […]
Read More
$2 billion marina development aims to turn Fort Lauderdale into ‘mini Monaco’
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia […]
Read More
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
British Airlines, Qantas and Finnair are some of the airlines that are reducing services to China. Nicola Economou | Nurphoto | Getty Images Major global airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs, while demand has […]
Read More
The art market is in a correction as big spenders fade
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie’s auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United Kingdom on October 06, 2023. Wiktor Szymanowicz | Future Publishing | Getty Images A version of this […]
Read More
He’s British, she’s Australian. Here’s their trick to traveling 10,000 miles — with kids in tow
I’m proud to call the tiny sugarcane farming community of Ingham, Australia, my hometown. It boasts blue skies, sandy beaches and Australia’s longest single-drop waterfall. But its location — at the northern end of the state of Queensland — is a problem for me. Lured by the desire to explore Europe, I left for London […]
Read More
The next big career track at business schools: Family offices
The University of Chicago Booth School of Business. Courtesy: The University of Chicago Booth School of Business. 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. Top universities are tapping into the […]
Read More
‘They want something different’: Two new reports predict a big shift in travel behavior in 2025
The biggest travel trend of 2022 was to go big, spend big — with people eagerly booking bucket list-style trips to places like Bali, Rome, London and Paris. But two new reports show travelers are now in a very different headspace. Trend reports from Expedia and Booking.com show vacationers are forgoing splashy trips to global […]
Read More
Watch maker Patek Philippe launches first new collection in 25 years
Introducing the new Patek Philippe Cubitus line. Courtesy: Patek Philippe Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up […]
Read More
Musk’s win on India satellite spectrum raises prospect of price war with Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Punit Paranjpepunit Paranjpe | AFP | Getty Images Having just lost a battle with Elon Musk […]
Read More
UK’s ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
High end Porsche 911 Carrrera GTS car parked outside the Chanel store on Bond Street on 16th October 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status […]
Read More