British luxury fashion house Burberry Group faced a significant setback as it dropped out of the U.K.’s prestigious FTSE 100 stock market index. The company’s descent into the FTSE 250 marked the end of a 15-year tenure in the blue-chip index, highlighting the challenges that Burberry has been grappling with in recent times. Established in
Wealth
The concept of a trillionaire was once thought to be an unimaginable feat, similar to the first billionaire in 1916. Fast forward to today, where the question of who will reach the trillionaire status first continues to captivate people’s imagination. With several companies already surpassing the trillion-dollar mark, the spotlight is shifting towards individuals who
Sports team owners are currently facing a unique set of challenges related to succession planning and taxes as they seek to ensure smooth ownership transitions for the next generation. With the average age of team owners increasing and team values soaring into the billions, there is a growing need for owners and leagues to address
The world has witnessed an astonishing 95% increase in the population of crypto millionaires over the past year. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals across the globe who hold more than $1 million in crypto assets. This surge represents a significant shift in the
Auction sales during Monterey Car Week fell 3% from last year, as a shift in preferences from older to newer cars has become evident. This change has resulted in a pileup of unsold classics from the 1950s and 1960s. Total sales at this year’s five car auctioneers in Monterey, including RM Sotheby’s, Broad Arrow, Gooding
Bernard Arnault, the founder and CEO of LVMH and the world’s fourth-richest person with a net worth of $184 billion, has recently caught the attention of many by delving into the realm of artificial intelligence investments. Through his tech-focused venture firm and family office, Aglaé Ventures, he has made a series of AI-related investments in
The private jet industry has experienced a significant decline in flights, with a 15% drop in the first half of the year compared to the peak in 2022. The industry is currently facing challenges such as waning demand and a shifting competitive landscape for high-end travel. Despite a temporary boost from the Summer Olympics, where
The state of Nevada is gaining attention as a leading destination for family trusts, especially those focused on asset protection. With its unique combination of no income taxes, strict secrecy protections, and strong defenses against creditors, Nevada has become the top choice for individuals looking to safeguard their wealth. The surge in popularity is evident
Wealthy investors and family offices have been observed to shy away from stocks in the run-up to recent market swings. Advisors in the field noted that these movements were seen as an opportunity for tax savings and estate planning. The shift from public to private markets has been ongoing for over a year, as concerns
Dolce and Gabbana’s latest luxury perfume for dogs has caused quite a stir in the animal welfare community. At a price tag of over $100, this perfume mist for dogs is inspired by Fefé, the pet dog of brand-owner Domenico Dolce. The fragrance boasts a blend of “fresh and delicate notes of Ylang Ylang, Musk,
