Wealth

Half of Chinese millionaires are considering moving overseas, and the U.S. remains their favorite destination, according to a new survey. Among Chinese millionaires with a net worth of more than $1.5 million, half either plan to or are considering moving abroad, according to a survey from Hurun Report in association with Visas Consulting Group. The
0 Comments
The Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he
0 Comments
Louis Vuitton just announced a range of “Tamour Horizon” smartwatches that run on Google’s Android Wear software. It’s the most recent luxury brand to launch a smartwatch running Google’s software. Others, such as Tag Heuer and Montblanc also sell high-end smartwatches. Each Louis Vuitton watch features a watchface with the company’s branding, as well as
0 Comments
The rich really are different from you and me — at least when it comes to travel. For ordinary travelers, the Presidential Suite might sound like the ultimate luxury. For the traveler with the 25,000-square-foot home or office, though, it’s not much of a wow. “It’s going to look like a closet,” says travel adviser
0 Comments
Designed by French luxury yacht designers and available only on its Airbus A380-800 aircraft, Singapore Airlines‘ suites are individual cabins with sliding doors, window blinds and a bed that’s separate from the 35-inch-wide leather armchair. Amenity kits are by Ferragamo and meals are served on specially-designed Wedgewood bone china. Through a “book the cook” option,
0 Comments
Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report. The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89
0 Comments
Millionaire confidence plunged by a record amount in May, sparked by fears of government dysfunction in Washington. The Spectrem Millionaire Investor Confidence Index, a measure of millionaire confidence in the economy and markets, fell 17 points from April. That’s the biggest month-to-month drop ever recorded by Spectrem Group, a Chicago-based wealth-research firm that created the
0 Comments
With Amazon’s stock price brushing $1,000, Jeff Bezos is within striking distance of becoming the world’s richest man. As of Friday’s close, Bezos was worth $85.1 billion, according to the Bloomberg Billionaire’s Index. Bill Gates is at $88.8 billion. So assuming that Microsoft’s share price remains constant or falls, Bezos needed another $3.8 billion to
0 Comments
The three major auction houses are set to auction off more than $1 billion worth of fine art this week, marking a test of whether collectors can shrug off turmoil in Washington and sagging stock markets. Sotheby’s, Christie’s and Phillips have an estimated $1.3 billion worth of works on the block this week. That would
0 Comments