A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)Anadolu Agency | Anadolu Agency | Getty ImagesManhattan rents fell for the first time in over two years, as the supply of empty apartments grew and...
The Purosangue, its name meaning "pure blood" or "thoroughbred" in Italian, comes with a 7.5-liter, V-12 engine.
In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report.It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business.Fifty-three heirs...
Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey.A survey of North American family offices conducted by Campden Wealth and RBC found that family offices had 29.2% of their...
Barton Perreira sunglasses are displayed during 'A Good Time At Goodman's' held at Goodman's Men's Store in New York City.Astrid Stawiarz | Getty ImagesLVMH is buying luxury eyewear brand Barton Perreira, famed for making James Bond's shades, as it taps into the fast-growing designer sunglass market.LVMH's Thelios eyewear division...
From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property.The average sale price of a home in Palm Beach topped $20 million in the third quarter, making it far and away the most...
Mbbirdy | E+ | Getty ImagesThe population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. There are now 28,420 so-called centi-millionaires worldwide, up 12% over last year and...
Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years.Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce in nearly a century, will retire on December 1. He...
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York.Michael Nagle | Bloomberg | Getty ImagesA shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader apartment sales and...
A battle between elite membership clubs is about to reach a whole new level, as Core Club's new 60,000-square-foot megaclub prepares to open in Manhattan next month.The new Core space, spread over four floors above Midtown, is the latest in a wave of elite membership clubs that have opened...