JPMorgan summer reading listCourtesy: JPMorganThe latest JPMorgan Summer Reading List, an annual favorite among the wealthy, includes books on artificial intelligence, longevity, Keith Haring and lemon recipes.The list is compiled each year with suggestions from JPMorgan client advisors around the world and has become a popular guide for the wealthy...
Category: Wealth
Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy
Amazon executive chairman Jeff Bezos said a controversial tax strategy used by the wealthy to borrow against assets to lower their income taxes is largely a "myth.""There's no truth to this 'buy, borrow, die' thing," Bezos told CNBC's Andrew Ross Sorkin Wednesday in a wide-ranging interview. "I don't even know where this...
How the wealthiest families invest: CNBC and Addepar launch Family Office Portfolio Tracker
A 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.Public stocks are the largest and fastest-growing asset class for family offices, while their real estate assets are shrinking,...
The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax
Central Park Tower, center, along Billionaire's Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty ImagesHigh-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani's proposed pied-à-terre tax that brokers warn could...
These three artworks could sell for $100 million each next week as May auctions begin
A large-scale Jackson Pollock drip painting titled, "Number 7A, 1948."Crystal Lau | CNBCA 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.Nearly $2 billion worth of art will...