The wealth of the top 1% increased by $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve.
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China’s ultra-rich population sees ‘dramatic’ growth in last 10 years, outpacing the U.S., report shows
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Harris’ rise in polls sparks wave of wealth transfers to kids
Currently, individuals can send up to $13.61 million (and up to $27.22 million for couples) to beneficiaries without owing estate...
British luxury icon Burberry falls out of financial fashion with FTSE relegation
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
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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.
Dolce & Gabbana launches $100 perfume for dogs inspired by owner’s poodle
Dolce and Gabbana's luxury perfume for dogs — costing over $100 — has sparked concerns from some animal welfare organizations.