Private Wealth News

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Who Is Bernard Arnault, The World's Richest Person?

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The tycoon behind luxury-goods powerhouse LVMH surpassed Elon Musk on the Bloomberg Billionaires Index.

LA Property Firm With ‘Real Housewives' Ties Buys NYC Brokerage

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The Agency is looking to open offices in Australia and the Middle East.

R360 Names Co-Chairs Of N.Y. Chapter

by FA Staff

R360 is open to the rich by invitation only.

Super-Luxury Home Sales Surge Across U.S., Rising 35% In 2021

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The sales were fueled by a booming stock market, low interest rates, and a heightened emphasis on home life.

Morgan Stanley Alum Rudy Rake Joins Sanctuary Global

by FA Staff

Rake was formerly with Morgan Stanley, where he advised ultra-high-net-worth clients.

For The Rich, Living In Asia Is Costlier Than Anywhere Else

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New York is the only North American city to make the top 10 most expensive places to live list.

Jerry Jones-Owned Gas Driller Hits ‘Jackpot’ On Price Surge

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Natural gas prices reached a peak on Wednesday, boosting the Dallas Cowboys owner's fortune.

United Airlines Director Sells $5.25 Million In Holdings As Travel Plummets

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It's not just airlines, insiders across many industries are selling company stock

Michael Jordan Announces First Recipients Of $100 Million Pledge

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Recipients include the NAACP Legal Defense and Educational Fund.

Rich Investors Will Be Fine If Biden Hikes Taxes, UBS Says

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Tax hikes are likely to be offset by lucrative economic stimulus packages.

Virus Uptick Imperils South Europe’s Nascent Tourism Revival

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Tourist spots in Spain, Italy and even Greece are feeling the economic slowdown.

Prada’s Turnaround Efforts Overshadowed By Deep Sales Slump

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Yet another luxury brand is sagging amid the outbreak.

Hermes Quarterly Sales Slide 42% After Lockdowns Shut Most Stores

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Many iconic luxury brands are suffering as the pandemic reshapes the global economy.

Mystery Sheikh Tried To Claim Nomura For His Own, Bank Says

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Satari Ajikawo has filed several times trying to change Nomura's name.

Amsterdam Wants Nothing To Do With Europe’s Tourism Revival

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Not all of Europe is united in reopening the tourist industry.

Escape From NYC Pushes Hamptons Home Prices To 13-Year High

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As real estate values fall in cities, they are surging in posh suburbs and exurbs like the Hamptons.

Rich Heirs Care More About Profit Than Their Bankers Realize

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The appetite for green or socially responsible investments among young wealthy people is overstated.

NYC Hotels Embrace Gimmicks To Goose Demand With Travel Frozen

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The travel and hospitality industries are still largely crippled by the coronavirus outbreak.

Two Biggest Diamond Miners Barely Sold Any Stones Last Quarter

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As economies went off line, demand for precious gems evaporated.

Kanye West Says He’s Running For President

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And Elon Musk appears to be among his campaign's first supporters.

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