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 or gift taxes.
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
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...
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.
India’s ultra-wealthy club is booming — here’s where the country’s rich are investing
India is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, a Knight Frank report forecasts.
Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
"Push factors include the prospect of higher taxes under a new Labour government," one investor told CNBC.
Where are China’s ultra-rich parking their wealth amid a slowing economy?
The Chinese ultra-rich population is expected to swell to 144,897 by 2028 from 98,551 in 2023, where are they parking their wealth?
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
The global population of ultra-high-net worth individuals increased 8% last year, according to Altrata, and much of that growth was in the U.S.