Wealth

In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000

A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales

Two young adult couples enjoying a day at the races. Two couples enjoying a drink at the races. Solstock | E+ | Getty Images Millennials are poised to be the wealthiest generation in history, but are they ready to handle the large inflow of money? A vast $90 trillion wealth transfer over the next 20

In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Ferrari’s all-electric model won’t be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. “The final judge will be the client,” Vigna told CNBC during the opening

The UAE expects to see a net inflow of 6,700 millionaires from around the world by the end of 2024, according to new research. Buena Vista Images | Stone | Getty Images The United Arab Emirates is set to be the world’s leading wealth magnet for the third year in a row. That’s according to

Zhangkun | Moment | Getty Images LONDON — A record number of millionaires is expected to leave the United Kingdom this year, according to new research, with this year’s general election expected to further exacerbate the exodus. The Henley Private Wealth Migration Report indicates that Britain will experience a net loss of 9,500 high-net-worth individuals in

Fg Trade | E+ | Getty Images Generation X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study. While millennials and members of Generation Z are expecting the biggest inheritances in the coming years as baby boomers pass down their fortunes, Gen

Christina Lewis, founder of Beatrice Advisors, at her home office with a portrait of her father, Reginald Lewis. Cindy Johnson Christina Lewis had her first asset allocation meeting with her wealth manager when she was 13. “I remember the meeting well,” Lewis said. “It was a turbulent time for my family. And [the advisor] was

Westend61 | Getty Images Family offices are increasingly becoming their own private equity funds and investing in companies directly, according to a new survey. A majority (62%) of family offices made at least six direct investments last year, where they buy a stake in a private company or provide lending, according to the survey of

B2m Productions | Digitalvision | Getty Images The U.S. far outpaced the rest of the world in minting millionaires last year, adding 600,000 new millionaires and powering record fortunes at the top, according to a new study. America’s millionaire population grew 7.3% in 2023 to 7.5 million people, according to a report from Capgemini. Their

With a parade of new models and a marketing tailwind from Formula 1, sports car maker Aston Martin expects to become cash-flow positive this year, according to executive chairman Lawrence Stroll. “We’re now at a really transitional moment, with an inflection point for this company,” Stroll told CNBC. “We’re introducing all our products, finally, after

Zoom In IconArrows pointing outwards Credit: J.P. Morgan Private Bank 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. Today’s workaholic wealthy rarely have time to sit back and read