Cultivating the Affluent

Dimon Pay Should Be Rejected By JPMorgan Investors, Adviser Says

by Hannah Levitt, Scott Carpenter

Of particular concern is $52.6 million in option awards granted to the chairman and CEO.

Musk's Twitter Buyout Challenged By Florida Pension Fund

by Jef Feeley

Musk's Twitter acquisition features one of the biggest leveraged buyout deals in history.

How The Wealthy Use Private Annuities To Defer Investment Taxes

by Jeff Stimpson

Private placement variable annuities are suitable deferral solutions for wealthy clients, advisors say.

Crypto Billionaire Rankles Wall Street Titans With Derivatives Plan

by Allyson Versprille, Katherine Doherty, Yueqi Yang

Technology could potentially enable trading in any asset class without exchanges, banks or other intermediaries.

Russia Seizes Rare Swiss Watches In Sanctions Reprisal

by Andy Hoffman

Russian agents seized millions of dollars worth of Audemars Piguet watches in Moscow.

Billionaire Bonderman's Wild Ways Forged TPG. It's Up To Winks To Tame It

by Heather Perlberg

Jon Winkelried has taken over the PE firm now that controversial chief David Bonderman has handed it off.

Family Of Late Berkshire Billionaire Walter Scott Jr. Retains $7.5 Billion Stake

by Scott Carpenter

Family members of Walter Scott Jr., who died last year, have retained his stake in Berkshire Hathaway Energy.

Luxury Brand Turf Wars Boost Retail Rents In Upscale Tokyo Areas

by Yasutaka Tamura

Even without tourists, Japan's luxury boutiques are seeing a surge in demand that's lifting rents.

Mercedes Cars Are More Profitable Than Ever Amid Chip Shortage

by William Wilkes

Mercedes-Benz AG vehicles are more profitable than ever after the chip crisis sparked a shortage of cars.

A Meteorite Auction Takes Off, Thanks To Crypto

by James Tarmy

Newly wealthy, crypto-rich collectors are driving meteorite auction sales.

Family Offices Say Disclosure Plan Invites Theft, Kidnapping

by Devon Pendleton

Proposed rules would require family offices to disclose the names and addresses of shareholders.

Wealthy Teens Tout Test Results Colleges No Longer Require

by Janet Lorin

Rich college applicants submit test scores at a higher rate, though the scores are often optional.

World's Biggest Crypto Fortune Began With A Friendly Poker Game

by Ben Bartenstein, Tom Maloney, Yueqi Yang

Binance's success underscores the vast riches being created in the unshackled cryptoverse.

Adam Neumann's Next Act After WeWork Includes Apartment Rentals

by Lizette Chapman

He sees his role as landlord as part of a larger business strategy.

Billionaires Are Helping The Ultra-Rich Live Out Their Space Fantasies

by Blake Schmidt, Devon Pendleton

Space tourism gets a boost from the tourists' soaring wealth, tech advances and new rocket operators.

Even Harry And Meghan Are Joining The Build-Your-Own Index Craze

by Katie Greifeld

Discussed for years by asset managers and technologists, direct indexing may finally be having its moment.

Elon Musk Goads Jeff Bezos After Extending Lead As World's Richest Person

by Ben Stupples

Tesla's co-founder added about $9 billion to his fortune after SpaceX was valued in excess of $100 billion.

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

by Mike Dorning, Alex Tanzi

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

College Scam Prosecutor Targeted Parents After ‘Raging Debate'

by Patricia Hurtado

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

Family Office For Chanel Billionaires Cashes In On Olaplex IPO

by Ben Stupples

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