Wealth
Inside a high-tech parking garage where robots valet park your car
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots. The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds of bar codes embedded in the floors. Residents who pull into one […]
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Elon Musk is on track to become a trillionaire by 2027. Here’s why the rich keep getting richer
Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires […]
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Wealthy millennials and Gen Z are redefining philanthropy
Solstock | E+ | 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 millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists […]
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He flies business and first class multiple times a year — all on credit card points
For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity. A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. As a result, these cabins are often booked by […]
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
Lucy Lambriex | Stone | Getty Images As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate […]
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Rolls-Royce opens VIP showroom in NYC to cater to its top-tier clients. Take a look inside
Rolls-Royce has opened its first U.S. “Private Office,” a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. The Private Office, in Manhattan’s trendy Meatpacking District, is central to the fabled British automaker’s new strategy of growing sales and profits from selling more customized, higher-priced vehicles rather than boosting production. Rolls-Royce produced […]
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Tom Brady to put his watch collection up for sale at Sotheby’s
Tom Brady. Mike Ehrmann | Getty Images Sport | Getty Images Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. The seven-time Super Bowl champion’s collection will be available this December through auction house Sotheby’s as part of “The GOAT Collection: Watches and Treasures from Tom Brady.” The watches range in […]
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Laurene Powell Jobs is betting on these 11 AI startups
Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. (Photo by Steve Jennings/Getty Images for TechCrunch) Steve Jennings 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. News that Laurene Powell […]
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‘Golden Week’ bookings show Chinese travel preferences are evolving
Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel […]
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Wealthy investors support Harris over Trump, new survey says
Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024. Jim Watson | AFP | Getty Images A majority of millionaire investors said they plan to vote for Vice President Kamala Harris in November, even though they give former President […]
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