Asian businessman drinking in a luxury car.Weiquan Lin | Moment | Getty ImagesChina's ultra-wealthy population — people with a net worth of at least $30 million — is expected to increase by almost 50% in a few years, according to projections in a recent Knight Frank wealth report.At a time...
Category: Wealth
Private jet flights are down 15% in two years as Covid-era demand wanes
A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington's Reagan National Airport on June 12, 2024, in Arlington, Virginia.J. David Ake | 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...
LVMH CEO Bernard Arnault’s family office goes shopping for AI startups
World's top luxury group LVMH head Bernard Arnault presents the group's annual results 2022 in Paris on January 26, 2023.Stefano Rellandini | AFP | 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 and consumer. Sign up to...
Bitcoin rally helps create more than 84,000 new crypto millionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024.Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year, as bitcoin ETFs and other crypto assets climbed,...
Wealthy millennials and Gen Z are redefining philanthropy
Solstock | E+ | 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 and consumer. Sign up to receive future editions, straight to your inbox.Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves...