- Kering shares sink 9% after profit warning on declining Gucci saleson April 24, 2024 at 5:27 pm
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
- Luxury real estate prices just hit an all-time recordon April 22, 2024 at 6:44 pm
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
- Meet the private doctor to the wealthy — at $40,000 a yearon April 22, 2024 at 6:26 pm
The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.
- Here's where the world's top 0.001% are putting their money, according to wealth expertson April 22, 2024 at 6:25 pm
There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.
- The rich are getting second passports, citing risk of instabilityon April 19, 2024 at 2:33 pm
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
- Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the marketon April 17, 2024 at 11:00 am
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.
- State tax officials are using AI to go after wealthy payerson April 16, 2024 at 8:52 pm
New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.