The tycoon behind luxury-goods powerhouse LVMH surpassed Elon Musk on the Bloomberg Billionaires Index.
The Agency is looking to open offices in Australia and the Middle East.
The sales were fueled by a booming stock market, low interest rates, and a heightened emphasis on home life.
Rake was formerly with Morgan Stanley, where he advised ultra-high-net-worth clients.
New York is the only North American city to make the top 10 most expensive places to live list.
Natural gas prices reached a peak on Wednesday, boosting the Dallas Cowboys owner's fortune.
It's not just airlines, insiders across many industries are selling company stock
Recipients include the NAACP Legal Defense and Educational Fund.
Tax hikes are likely to be offset by lucrative economic stimulus packages.
Tourist spots in Spain, Italy and even Greece are feeling the economic slowdown.
Yet another luxury brand is sagging amid the outbreak.
Many iconic luxury brands are suffering as the pandemic reshapes the global economy.
Satari Ajikawo has filed several times trying to change Nomura's name.
Not all of Europe is united in reopening the tourist industry.
As real estate values fall in cities, they are surging in posh suburbs and exurbs like the Hamptons.
The appetite for green or socially responsible investments among young wealthy people is overstated.
The travel and hospitality industries are still largely crippled by the coronavirus outbreak.
As economies went off line, demand for precious gems evaporated.
And Elon Musk appears to be among his campaign's first supporters.