Private Wealth

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How Billionaires Bought 70% Of Detroit's Offices And Transformed The City

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Dan Gilbert, the Fords and Ilitches have taken over much of the city.

Mercer Advisors Launches Private Markets Platform For Clients

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The firm will open private investments to clients with at least $5 million in assets.

An Early Venture Capitalist Is Selling His $26 Million San Francisco Mansion

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This roughly 8,000-square-foot, Mediterranean-style home is perched in the Sea Cliff neighborhood.

Wall Street Billionaires Are Rushing To Back Trump, Verdict Be Damned

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A growing number of financial elites are throwing their weight behind Trump.

French Gates' Unconditional Millions Bring Doubt, Then Delight

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It's a departure from the bureaucratic structure of the Gates Foundation.

Private Equity Firm's New Platform Offers Wealthy Access To Middle-Market Deals

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Milwaukee-based Borgman Capital rolled out a platform for the wealthy and family offices.

Rich U.S. Homeowners With Adjustable-Rate Mortgages Are About To Get Whacked

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A small but mostly affluent group of Americans are about to see mortgage payments skyrocket.

Looming Cut In Estate Tax Exemption Has Advisors Looking To Trusts

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Clients need to consider trust strategies as the expiration date on TCJA tax reforms draws nearer, advisors say.

Starwood's $10B REIT Turns To Survival Mode, Limits Redemptions

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The REIT has put tight restrictions on investors' ability to withdraw money.

Massachusetts Risks $1 Billion In Lost Tax Revenue As Rich Flee

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High taxes and housing costs have pushed wealthy residents to move elsewhere.

Perelman Sold Art By Picasso, Basquiat To Repay Banks $1 Billion

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The sales raised $963 million from 2020 to 2022.

Ivan Boesky, Convicted Of Insider Trading In 1980s, Dies At 87

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He won fame as a high-flying Wall Street arbitrageur before a scandal that defined his era.

Why Wealthy Clients Fall For 'Dirty' Tax Scams

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Some clients, advisors admit, look to the annual IRS "Dirty Dozen" tax scam list as a manual for dodging taxes.

Eli Manning Wants His Own Team As Private Equity Targets The NFL

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A growing number of star athletes are vying for ownership of sports franchises.

The Top Of The Art Market Appears To Be Crumbling

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Expectations were low ahead of the bellwether May auctions in New York.

Melinda French Gates's $12.5 Billion Creates Path To Unrestricted Giving

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Like MacKenzie Scott, Gates now has a fortune to deploy for her own charity work.

F1 Mogul's Ex-Wife Builds Family Office To Manage Divorce Riches

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Slavica Malic received one of the U.K.'s largest divorce settlements in 2009.

Leading The Charge Of Philanthropy In Financial Services

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Invest in Others is a nonprofit organization focused on amplifying the philanthropic efforts of financial professionals.

Melinda French Gates Exits Foundation With $12.5 Billion

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The philanthropist said she will use her billions to back causes related to women and families.

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