A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesAn investment group led by LVMH's private equity arm is buying 20% of private jet company Flexjet, marking the latest push by...
Category: Wealth
New York City braces for wealth flight with Mamdani’s political rise
Zohran Mamdani's primary win in New York City's mayoral race and proposal to raise taxes on millionaires have touched off fears of a new wave of wealth flight from the city. Yet so far, there is little evidence of a slowdown in high-end real estate or real wealth losses in...
Tax cuts for private jet buyers expected to lead to surge in sales
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 ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor...
Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
A view of the US Capitol in Washington, DC, on June 30, 2025.Jim Watson | Afp | Getty ImagesThe wealthy will likely see a host of new tax breaks in President Donald Trump's "big beautiful bill," along with permanent extensions of many of the 2017 tax cuts, according to tax...
The $5 million Trump Card faces legal challenges, limited market
U.S. President Donald Trump holds "The Trump Card" as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025.Kent Nishimura | ReutersA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor...