In recent years, the classic car market has been experiencing significant changes in terms of sales trends and buyer preferences. A recent report from Hagerty, the classic-car insurance company, revealed that auction sales during Monterey Car Week fell by 3% compared to the previous year. This decline comes as a result of a shift from
Wealth
Luxury tycoon Bernard Arnault, founder and CEO of LVMH, one of the largest luxury goods conglomerates in the world, is making waves in the tech industry with his recent investments in artificial intelligence companies. Despite his immense wealth and success in the luxury market, Arnault has set his sights on the future of AI technology
One of the most significant challenges facing the private jet industry is the decrease in demand for private jet flights. According to recent data, private jet flights fell by 15% in the first half of the year compared to their peak in 2022. This decline is attributed to waning demand and a new competitive landscape
In a little-known Nevada court, the Murdoch family feud has shed light on Nevada’s growing popularity as a hub for family trusts and a safe haven for the world’s wealthiest individuals. Legal industry rankings have shown that Nevada has become the top state in the country for asset-protection trusts, such as the one at the
The article discusses how wealthy investors and family offices have been reducing their stock holdings over the past year in favor of private markets due to concerns about an overheated tech sector. Although the move away from equities seemed prudent, it raises questions about the diversification of their portfolios. While private equity may offer higher
Dolce and Gabbana’s recent release of a luxury perfume for dogs has caused quite a stir among animal welfare organizations. Priced at over $100, this fragrance mist for dogs is marketed as a lavish product inspired by the brand-owner’s own pet. While the company claims that the perfume has been certified as safe for animal
India’s ultra high net worth individuals (UHNWIs) are poised to experience unprecedented growth in the coming years, with consultancy Knight Frank predicting a surge of 50.1% by 2028. The financial center of Mumbai has already overtaken Beijing as Asia’s leading billionaire hub, signaling a significant shift in wealth distribution. With a rising population of ultra-wealthy
Jeff Bezos, the founder and executive chairman of Amazon, is known for his extravagant purchases of real estate and luxury items. However, his latest buying spree may be in the realm of artificial intelligence. Exclusive data provided to CNBC by FINTRX reveals that all of the investments made this year by Bezos’ family office, Bezos