Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty ImagesJ.P. Morgan Private Bank is launching a new lifestyle service for its wealthy clients, offering discounts and referrals on everything from private...
Category: Wealth
Most of Elon Musk’s fortune now comes from his private companies
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via ReutersA version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to...
Why Apollo CEO Marc Rowan says the traditional investing model is ‘broken’
A version of this article appeared in CNBC's Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.The revolution in private markets and private lending is setting the...
Lamborghini CEO says tariffs are causing even the wealthiest buyers to pause
Uncertainty around tariffs has caused even the wealthiest buyers of Lamborghini supercars to hold off on their purchases, CEO Stephan Winkelmann told CNBC.While the White House recently announced an agreement with Europe on a 15% tariff rate, that rate hasn't yet taken effect for cars. Lamborghini and other European automakers...
Moncler raises prices on tariffs, may postpone store openings if downturn worsens
A general exterior view of the Moncler luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty ImagesItalian luxury house Moncler said it's currently relying on "very slight price increases" to offset the initial impact of...