Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
https://www.cnbc.com/2024/04/22/luxury-real-estate-prices-hit-an-all-time-record.html
The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.
https://www.cnbc.com/2024/04/22/meet-the-private-doctor-to-the-wealthy-at-40000-a-year.html
CNBC's Robert Frank reports on the booming part of the housing market.
There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.
CNBC's Robert Frank joins 'Squawk Box' with the latest news.
https://www.cnbc.com/video/2024/04/19/family-offices-triple-since-2019-heres-what-to-know.html
CNBC's Robert Frank joins 'Squawk Box' with a look at how states are using AI to go after wealthy taxpayers.
https://www.cnbc.com/video/2024/04/17/using-ai-to-go-after-wealthy-taxpayers-heres-what-to-know.html
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.
New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.
https://www.cnbc.com/2024/04/15/state-tax-officials-use-ai-to-go-after-wealthy-payers.html
CNBC's Robert Frank joins 'Squawk Box' with the latest news.
https://www.cnbc.com/video/2024/04/10/rise-of-passport-portfolios-heres-what-to-know.html
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
https://www.cnbc.com/2024/04/10/rich-americans-get-second-passports-citing-risk-of-instability.html
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CN...
https://www.cnbc.com/video/2024/04/09/insider-sales-reach-3-year-high-heres-what-to-know.html
CNBC's Robert Frank joins 'Squawk Box' with the latest news.
https://www.cnbc.com/video/2024/04/01/stocks-drive-u-s-household-wealth.html
Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect."
https://www.cnbc.com/2024/03/28/wealth-of-the-1percent-hits-a-record-44-trillion.html
A single ticket in New Jersey won the $1.128 billion Mega Millions jackpot. Here is how much the winner will owe in taxes.
Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.
There's still time to lower your 2023 tax bill or boost your refund with a spousal IRA for married couples. Here's who qualifies.
The Mega Millions jackpot hit an estimated $1.1 billion, the fifth-largest prize in the game's history. The winner could face these pitfalls, experts say.
Don't be a micromanaging boss, advises billionaire entrepreneur Mark Cuban. Here's why it can be toxic, and what to do if your supervisor is too overbearing.
https://www.cnbc.com/2024/03/22/mark-cuban-micromanaging-is-a-toxic-trait-with-one-exception.html
The population of millionaires in the U.S. over the past five years has grown nearly twice as fast as China’s.
https://www.cnbc.com/2024/03/22/the-us-is-the-top-country-for-millionaires-and-billionaires.html
Frédérique Carrier, RBC Wealth Management's head of investment strategy, says there is still value in luxury stocks over the long term, particularly after a recent retreat amid short-term marke...
Stealth wealth is spilling into the travel industry, as the rich forgo glitzy see-and-be-seen destinations for more discreet getaways.
New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires.
https://www.cnbc.com/2024/03/21/the-top-10-richest-cities-in-america.html
The IRS has issued more than 43 million refunds worth about $135.3 billion, as of March 8. Here's the average payment.
From Tuesday, those traveling by car between Singapore and Malaysia can show QR codes instead of handing over their passports at two checkpoints.
The Mega Millions jackpot hit an estimated $977 million. Here's what to know if you score the winning ticket.
https://www.cnbc.com/2024/03/20/mega-millions-jackpot-hits-977-million-what-to-know-if-you-win.html
CNBC's Charlotte Reed discusses Kering's surprise profit warning, as the company forecasts Gucci sales will fall 20% in the first quarter of 2024.
French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.
Divorced spouses can generally claim Social Security benefits based on a former partner's earnings record. Those benefits increase upon their death.
https://www.cnbc.com/2024/03/19/how-social-security-benefits-change-after-divorce-death.html
U.S. expatriates have extra tax filing rules and the burden is making some expats question their American citizenship, according to a new survey.
https://www.cnbc.com/2024/03/19/heres-why-some-american-expats-want-to-renounce-us-citizenship.html