by
Karen DeMasters
The Baltimore Ravens’ Super Bowl victory was not only a coup for the city, but was a multi-million dollar financial victory for several key people involved with the event, according to Wealth-X.
by
Bloomberg News
Golfer Phil Mickelson isn't the only top wage earner upset about taxes. Others in his tax bracket are buying properties across state lines and considering other moves to reduce their tax bill.
by
Karen DeMasters
The number of ultra-high-net-worth individuals in China will increase this year, reflected in part by sales of private jets and other luxury items, according to Wealth-X.
by
Bloomberg News
Fashion designer Tory Burch's retail empire was valued at $3.3 billion when her former husband sold about half of his stake.
by Caren Chesler
Businesses that cater to the wealthy say they have detected a thaw in the
high-net-worth spending freeze of the past several years.
by
Bloomberg News
Well-heeled consumers are developing a taste for jewelry that broadcasts its brand provenance either by incorporating such well-known logos as Versace’s Medusa head or using distinctive designs.
NetJets will add the new jets as its older planes are retired.
by
Karen DeMasters
Monaco has more ultra-high-net-worth people per capita than any other
country-more than double the number of the first runner up, according to
Wealth-X.
by
Karen DeMasters
Investors worth $25 million or more are more likely to
donate $100,000 to charity than spend it on jewelry,
collectibles, boats or other discretionary items, according to a Spectrem study.
Lance Armstrong may lose as much as $200 million in future earning
potential, more than the wealth he accumulated in a championship cycling
career now gutted by revelations of doping.
Surging demand
for $100 Zara dresses and $3,000 Prada handbags in emerging markets has
created three new billionaires who hail from countries at the center of
the European debt crisis.
A bronze figure of a six-headed Tibetan deity that belonged to Brooke
Astor and was expected to sell for $2,500 to $3,500 went for $134,500
yesterday at Sotheby's.
Philanthropist Brooke Astor's lacquered Japanese cabinets, Louis XV
clocks and porcelain tea sets are heading to the auction block at
Sotheby's on Sept. 24 and 25.
by Caren Chesler
More and more couples are signing postnuptial agreements, as they face the fact that divorce is a possibility and it's smarter to plan ahead, according to a new survey.
Burberry
Group Plc, the U.K.'s largest luxury-goods maker, said full-year profit
will disappoint after sales growth slowed globally.
Superyachts equipped with helipads and submarines have joined Britain's
biggest warship, more than a dozen tall ships and cruise liners on the
Thames River for the Olympic Games.
Home sales in the Hamptons, the Long Island beach retreat for summering
Manhattanites, jumped to a five-year high as both the priciest mansions
and entry-level properties attracted buyers.
Luxury-home
prices in Brooklyn, New York's most populous borough, increased 5.4
percent in the second quarter as buyers sought the most expensive
properties in a market with limited inventory.
Sam Nazarian, the
Los Angeles restaurant and nightclub owner, plans to open an $85
million SLS Hotel in New York, the first in the city for the luxury
brand.
Huang Nubo, the
Chinese billionaire whose bid to buy Icelandic land was blocked by the
local government last year, said he's secured a deal to lease the
property instead, helping him revive his...
