Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
The number of single-family offices is expected to rise from 8,000 to 10,720 by 2030, according to Deloitte Private.
British luxury icon Burberry dropped from UK’s FTSE 100 stock market index
British luxury fashion house Burberry Group dropped out of the U.K.'s FTSE 100 amid mounting pressure on the 168-year-old retailer.
Soaring sports team values create new pressure for owners on taxes, succession
Succession and taxes have become especially important in the NFL, where the average age of team owners is now over 72 and team values are...
Bitcoin rally helps create more than 84,000 new crypto billionaires in a year
The surge reflects the rapid growth of bitcoin exchange-traded funds, which now have more than $50 billion in assets since their launch in January.
Classic car sales stall in Monterey auctions as new generation takes charge
The average sale price was $476,965, down slightly from last year's average of $477,866.
LVMH CEO Bernard Arnault’s family office goes shopping for AI startups
Bernard Arnault, founder and CEO of LVMH, has made a string of artificial intelligence investments this year through his family office, called Aglaé Ventures.
Private jet flights are down 15% in two years as Covid-era demand wanes
The industry is grappling with waning demand and a new competitive landscape for high-end travel.
Murdoch family battle highlights Nevada’s secret trust boom
Nevada is at the forefront of a massive wealth surge pouring into the asset-protection trusts.
Wealthy investors find opportunities in stock market sell-offs
Wealth advisors say their clients saw the drop in stock prices as an opportunity for tax savings and estate planning.