Elon Musk's journey to becoming the world's first trillionaire will likely be powered by rockets rather than cars, as SpaceX now accounts for nearly two-thirds of the Tesla CEO's wealth.Musk became the first person ever to top the $800 billion mark this week, with his net worth now around $845...
Category: Wealth
Family offices brace for higher inflation with real estate and alternative investments
Westend61 | Westend61 | Getty ImagesFamily offices are bracing for higher inflation this year, with many buying real estate and alternatives as hedges, according to a new survey.When asked about the largest risks to their current portfolio and positioning this year, 64% of U.S. family offices cited interest rates and...
AI will supercharge sports team valuations, says Arctos Partners’ Charles
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 rise of artificial intelligence is likely to boost the valuations...
Musk’s $1 trillion pay package renews focus on soaring CEO compensation
Elon Musk's pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards to shareholders remain mixed, according to several studies. Already, Musk is the richest person on the planet with a net worth that tops $660 billion, according to...
Democratic states seek to hike taxes on the wealthy
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.A new "blue wave" of tax hikes on the wealthy is rippling through state legislatures, as Virginia, Washington state,...