Cultivating the Affluent

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Nio, Xpeng Set Tongues Wagging On Day One Of Shanghai Auto Show

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This multiday event was aimed at showcasing the best car innovations in the world's biggest vehicle market.

Michael Dell's Fortune Soars To $51 Billion With Spinoff

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Dell's personal fortune is managed by MSD Capital, an investment firm led by Gregg Lemkau and John Phelan.

Wealth Migration Spurs A Record-Setting Quarter For Rolls-Royce

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Sales numbers bear witness to the migration of wealthy buyers to secondary markets such as Florida and Texas.

TikTok Founder's $60 Billion Fortune Places Him Among The World's Richest People

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Zhang Yiming, 38, is among the world's richest, a distinction that lately has carried increased risks in China.

World's Eight Richest People Now Worth $1 Trillion

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Amazon.com Inc.'s Jeff Bezos was the first to hit the $100 billion milestone since Microsoft Corp. co-founder Bill Gates.

Nobel Economist Warns Against Wealth Tax To Pay For Pandemic

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Not only are wealth taxes difficult to implement, the ultra-wealthy are likely to find ways to avoid them.

Alex Rodriguez, Marc Lore To Buy Minnesota Timberwolves

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Rodriguez said about two months ago that he's looking for deals after his SPAC started trading.

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.

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

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Shanghai has overtaken Hong Kong as the priciest city in the world.

Investing Podcaster Ted Seides Talks Markets, ESG, Crypto And The Buffett Bet

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Passive index investors are in peril because of low expected returns from public asset classes, Seides said.

$2B Audent Capital Partners Announces Los Angeles Launch

by FA Staff

Audent Capital Partners includes two subsidiaries: a multi-family office and a boutique asset manager.

Saudi Prince Sells English Country Estate To King Of Bahrain

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The estate was sold by Prince Bandar bin Sultan, former ambassador to the U.S.

Red Sox Owners Receive Investment From RedBird, LeBron James

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Fenway Sports also owns the Liverpool Football Club, Fenway Park and a 50% stake in Nascar's Roush Fensy Racing.

Rich Crypto Investors Going It Alone Pull Goldman Off Sidelines

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Much has changed since JPMorgan CEO Jamie Dimon called bitcoin a “fraud” in 2017.

One Of World's Greatest Hidden Fortunes Is Wiped Out In Days

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Bill Hwang and Archegos Capital Management are at the center of one of the biggest margin calls of all time.

Building Wealth While Black

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How Atlanta fueled a family fortune.

Czech Billionaire Kellner Killed In Alaskan Helicopter Crash

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Petr Kellner built a business empire with $52 billion in assets over three decades.

Tesla Now Accepts Bitcoin As Payment For Cars, Musk Says

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California-based Tesla disclosed its $1.5 billion investment in Bitcoin in February.

Mercedes To Unveil Flagship Electric Sedan With Tesla-Beating Battery

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Mercedes-Benz is about to unveil a new flagship model it expects to have market-leading battery range.

World's Biggest Wealth Surge Marks Rise Of Billionaire Adani

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Indian billionaire Gautam Adani is now looking beyond fossil fuels to cement his group's future.

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