Wealth

In an era characterized by rapid change, curiosity stands out as an invaluable trait among affluent individuals. The latest summer reading list released by JPMorgan serves as an intriguing reflection of this sentiment. With an impressive curation of 16 thought-provoking titles, the wealth management giant aims not merely to entertain the elite but to enrich

As the world grapples with economic volatility, one sector continues to flourish: luxury jewelry. The insatiable appetite for exquisite adornments among the ultra-wealthy persists unabated, signaling that this segment is far more resilient than the broader luxury market. For major players like Richemont, boasting illustrious brands such as Van Cleef & Arpels and Cartier, the

In an impressive display of resilience, Richemont, the parent company of renowned luxury brands such as Cartier and Van Cleef & Arpels, reported a significant 7% increase in its fiscal fourth-quarter sales, reaching 5.17 billion euros. This performance, which surpassed analysts’ expectations of 4.98 billion euros, is noteworthy given the current backdrop of global economic

Burberry has entered a critical phase of reorganization as it faces fierce challenges in the luxury market. Announcing significant changes on Wednesday, the iconic British brand revealed that it could potentially impact around 1,700 positions by the program’s conclusion in 2027. The need for a drastic restructure indicates that, despite historical prestige, even renowned names

In the world of luxury watches, few pieces wield the legendary status of a platinum Rolex Daytona, especially one as unique as the 1999 model set to go under the hammer at Sotheby’s Geneva this Sunday. Predicted to fetch upwards of $1.7 million, its rarity and bespoke craftsmanship are at the forefront of its allure.

A new private members-only club called Executive Branch has recently emerged in Washington, D.C., co-founded by Donald Trump Jr., with a staggering $500,000 membership fee that has already piqued significant interest. This astronomical cost, far exceeding typical rates for private clubs, speaks volumes about the elite social dynamics evolving in our nation’s capital. The selective

In a market that once thrived on exclusivity and prestige, Kering’s recent earnings report serves as a stark reminder of the vulnerabilities even luxury brands face. The French conglomerate saw its revenues plummet by 14% year-on-year in the first quarter, totaling €3.9 billion ($4.4 billion). This disappointing figure fell short of the anticipated €4.01 billion,

In a surprising turn of events, the IRS is shedding its workforce just as it receives an unprecedented $80 billion boost from Congress aimed at enhancing tax compliance among high-net-worth individuals. The recruitment of bright, tech-savvy staff was expected to bolster the agency’s capacity to dissect the intricate tax returns often employed by the wealthy

The luxury conglomerate LVMH has found itself in choppy waters with the recent announcement of an unanticipated 3% decline in first-quarter sales. This stark revelation is more than just a number on a balance sheet; it signals a potential seismic shift in the luxury goods sector. As LVMH’s shares plummeted by as much as 8%,

European luxury brands, historically perceived as bastions of resilience in the face of economic challenges, are bracing for turbulent times in light of recently imposed U.S. tariffs. While companies like LVMH, Kering, and Hermès have enjoyed a level of immunity from the initial blows of these tariffs, that sense of security may soon dissolve as

When the U.S. government announced a hefty 25% tariff on foreign-made automobiles, it sent shockwaves through the automotive industry. Among the most notable reactions was that of Ferrari, the iconic luxury sports car manufacturer. By April 1, certain models will see pricing soar by up to 10%, a staggering increase that can reach as high