Wealth

This summer, JPMorgan’s latest reading list has aimed its spotlight on happiness, resilience, and the enthralling world of artificial intelligence, appealing to the well-heeled class that can afford the time to plunge into the existential musings of the elite. Published annually for 26 years, this collection of 16 titles isn’t just a hodgepodge of recommendations

The landscape of luxury jewelry is becoming increasingly polarized. While the aspirational middle class grapples with economic uncertainty, the ultra-wealthy class seems impervious to the financial winds buffeting the broader market. In this era, the purchase decisions of billionaires speak volumes about the direction and health of the luxury sector. Affluent consumers are no longer

In a world of tumult and uncertainty, the luxury brand Richemont, known for its renowned Cartier merchandise, recently unveiled financial results that defy the prevailing negative economic narrative. The company’s fiscal fourth-quarter sales, amounting to a remarkable €5.17 billion, surpass analysts’ expectations and announce a 7% year-on-year growth at constant exchange rates. It’s a vivid

In a decisive move that reflects both desperation and determination, Burberry has unveiled a significant reshuffling as part of its ongoing struggle to rejuvenate its brand identity and financial prospects. The iconic luxury brand recently announced that it anticipates a potential reduction in its workforce by roughly 1,700 positions worldwide, a stark indication of the

In the world of horology, some timepieces shine brighter than the rest—not merely in terms of craftsmanship but in their storied pasts and unparalleled rarity. The auction of a 1999 platinum Rolex Daytona raises questions wondering if the value is driven solely by its materialism or if there runs a deeper cultural significance. Expected to

The landscape of social networking in Washington, D.C. has taken a sharp turn toward the elite with the inception of Executive Branch, a private membership club co-founded by Donald Trump Jr. Charging a staggering $500,000 for entry, this establishment symbolizes not only an exclusive social scene but also a profound shift in the convergence of

Kering, the illustrious French luxury goods powerhouse, found itself in a tumultuous sea of disappointment this past Thursday, as it unveiled disheartening first-quarter sales figures. Revenues nosedived by a staggering 14% year-over-year, landing at a mere 3.9 billion euros (approximately $4.4 billion). Analysts had distinctly more optimistic expectations, forecasting earnings of 4.01 billion euros, thereby

In 2024, Congress allocated a staggering $80 billion to the IRS with the noble intention of enhancing tax compliance by scrutinizing the wealthy’s complex financial structures. The objective was clear: to hold high-income individuals accountable, particularly under the Biden administration’s directive to increase audit rates for those earning over $10 million annually. However, the recent

In a shocking turn of events, LVMH, the titan of the luxury goods industry, faced a staggering 8% plummet in its stock prices on a bleak Tuesday morning. This unprecedented drop was alarming enough to witness LVMH momentarily cede its title as the world’s premier luxury brand to the esteemed rival Hermès. The catalyst for

The luxury fashion sector in Europe, long celebrated for its opulence and craftsmanship, is now facing significant turbulence. As the shadow of U.S. tariffs looms large, this exquisite market finds itself navigating treacherous waters that could ultimately drown its previously buoyant recovery. Current reports indicate that European giants like LVMH, Kering, and Hermes are not