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Private-Jet Market Roars To Life And Plane Makers Can't Keep Up

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Private-aircraft flights are on pace to be the highest since the industry's 2007 peak.

A New Database Could Make It Easier To Successfully Invest In Art

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Josh Baer's database on art auctions is inside baseball for an already inside crowd.

KKR's Billionaire Founders Hand Leadership Reins To Joe Bae, Scott Nuttall

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Henry Kravis and George Roberts are ceding their leadership roles at the private equity giant.

Top 1% Of U.S. Earners Now Hold More Wealth Than All Of The Middle Class

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The top 1% represents about 1.3 million households who roughly make more than $500,000 a year.

New Proposal Threatens Grantor Trust Tax Breaks

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The Build Back Better Act could increase estate and income taxes on grantor trusts, a tax expert says.

The Very Rich Already Have A Plan To Escape Biden's Tax Increase

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A niche strategy called private placement life insurance could become more mainstream as the rich seek to avoid the taxman.

Family Offices Raise Bets On Start-Ups In $418 Billion Market

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Some family offices have also set up their own branches to focus on venture capital, according to a new survey.

Richest Americans Use GRATs To Avoid Estate Tax, ProPublica Reports

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Laurene Powell Jobs used GRATS to give $500 million to family and friends, the report said.

DiCaprio Plus A Swedish-Chinese EV SPAC. Why Aren't You Excited?

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SPACs are having a harder time catching investor attention, writes Chris Hughes.

Dimensional Cuts SMA Floor To $500,000 As Indexing Rivalry Grows

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The industry around SMAs and custom indexing is growing increasingly competitive as demand booms.

College Scam Prosecutor Targeted Parents After ‘Raging Debate'

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Rather than go after the scheme's mastermind, prosecutors targeted wealthy parents in the scandal.

BMW's Electric SUV Is Ugly, Unexciting, But Very Capable

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BMW has finally made a new electric auto, the iX SUV.

Affluent Americans Boosted Charitable Giving In A Pandemic Year

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Average giving surged by 48% last year to $43,195 from $29,269 in 2017.

Family Office For Chanel Billionaires Cashes In On Olaplex IPO

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The family office behind Chanel sold shares worth $95.2 million in a hair-products maker.

Facebook Co-Founder Moskovitz Builds A Second Fortune With Asana

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Skyrocketing shares of task-management company Asana have given Dustin Moskovitz a stake of almost $8 billion.

Bill Hwang Acolyte Tao Li Draws Scrutiny After Loss On Big China Bet

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Hwang and Li had both piled into the same Chinese online-education company, GSX Techedu.

Billionaire Charlie Munger's Timely Apartment Bet Began With Hebrew Bible

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A encounter with a teenager led him to an investment in California apartment complexes.

The Ultra-Rich Have An Unusual Tax Problem: Not Knowing When To Sell

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Wealth advisors are having a hard time trying to figure out exactly how Democrats might force the rich to pay more.

Tiedemann And Alvarium To Merge With SPAC As $1.4B AUM Nasdaq Entry

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The combined entities will oversee approximately $54 billion in AUM and AUA.

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