Wealth

The imminent transfer of wealth is a seismic event in the financial landscape. Over the next few decades, an estimated $100 trillion will flow from the older, established baby boomer generation to their younger heirs. This monumental shift is not just a statistic; it represents an essential turning point that will challenge traditional wealth management

Each summer, an elitist ritual unfolds: a carefully curated reading list for the wealthy, spearheaded by JPMorgan. This year’s selection, filled with 16 titles ranging from Melinda French Gates’ philanthropic musings to AI forecasts by Palantir CEO Alex Karp, encapsulates a moment where the intellectual pursuits of the privileged intersect disturbingly with the pressing concerns

In a world increasingly marked by economic uncertainties, the allure of opulent jewelry remains steadfast for the ultra-wealthy. Unfazed by the broader pullback in luxury spending, the global elite are manifesting their affluence through lavish pieces—be it diamond-encrusted rings or exquisite gemstone necklaces. This consumer segment is not simply indulging in luxury as a show

Richemont, the powerhouse behind illustrious brands like Cartier and Van Cleef & Arpels, recently reported an unexpected surge in sales for the fiscal fourth quarter, a development that raises questions about consumer behavior in unpredictable economic times. With revenues climbing 7% year-on-year to €5.17 billion ($5.79 billion), far surpassing analysts’ projections, it feels almost like

Burberry, once a paragon of British luxury, is grappling with the reality that its glory days are not just behind but are currently teetering on the edge of obscurity. The recent announcement of significant organizational changes, which could potentially affect around 1,700 employees globally by 2027, underscores a desperate response to declining sales figures. The

Step aside, traditional luxury; the integration of inimitable craftsmanship, historical significance, and exclusive materiality is about to make waves in the auction world. The 1999 platinum Rolex Daytona is set to go under the hammer at Sotheby’s Geneva for a staggering sum that could reach $1.7 million. This timepiece is not just another accessory; it’s

In an age marked by glaring socio-economic disparities, the emergence of exclusive private membership clubs tailored for the affluent seems more an affront than a societal innovation. Washington, D.C.’s latest addition, the Executive Branch, co-founded by none other than Donald Trump Jr., has set a staggering $500,000 membership fee that positions it far above its

In a stark revelation that shook the luxury goods market, Kering, the powerhouse behind renowned brands like Gucci, has witnessed a significant plunge in its first-quarter sales, forecasting further challenges that beg the question: Is this merely a storm in a teacup for luxury or a harbinger of worse to come? With sales dropping by

As the U.S. grapples with economic challenges in the wake of a tumultuous few years, the recent developments within the Internal Revenue Service (IRS) signal a grim future for tax enforcement and equity in revenue collection. The IRS’s High Wealth division, strategically set up to target high-net-worth individuals and corporations, has faced severe staff reductions,

The world of luxury is often seen through a lens of invincibility. Brands like LVMH (Moët Hennessy Louis Vuitton) have historically stood as titans, their very names summoning visions of affluence and exclusivity. However, the recent 8% slide in LVMH shares reveals a stark reality: even the giants can stumble. This sharp downturn, coupled with