Wealth

In a world increasingly driven by disparity, it’s fascinating—if not alarming—that the summer reading list curated by JPMorgan for the affluent is saturated with books that aim to address happiness, resilience, and the notion of the future. Rarely does one encounter a more glaring juxtaposition than that of the wealthy retreating into their luxurious summer

In an era where economic uncertainty looms, the stark contrast in consumer behavior between the ultra-wealthy and the average luxury shopper is strikingly evident. While broader luxury markets may be seeing a contraction, the richest individuals continue to indulge in the ultimate status symbols—a stunning diamond-encrusted ring here, an extravagant rare gemstone necklace there. What

In a world gripped by financial uncertainty, the Swiss luxury powerhouse Richemont has posted an impressive performance that defies the gloomy forecasts echoed across the economic landscape. With fourth-quarter revenues skyrocketing to 5.17 billion euros, a remarkable 7% increase compared to the previous year, it underscores a critical examination of consumer priorities amidst chaos. The

When one thinks of luxury fashion brands, Burberry often stands at the forefront, emblematic of British elegance and style. However, recent developments reveal a convoluted narrative of struggle and resilience. The company recently announced a comprehensive overhaul that could result in a staggering reduction of approximately 1,700 global roles as part of its long-term restructuring

In the realm of haute horlogerie, few pieces embody the ethos of luxury and rarity as compellingly as a 1999 platinum Rolex Daytona poised for auction at Sotheby’s Geneva. This isn’t merely a watch; it’s a tale of opulence interwoven with the fabric of rare craftsmanship. Valued at a staggering estimate of up to $1.7

As we navigate an era fueled by division and discontent, a striking new establishment is making waves in Washington, D.C., a city already characterized by contentious politics and privilege. Enter Executive Branch, a private membership club co-founded by Donald Trump Jr., which charges a staggering $500,000 for entry. The exclusivity of this venture, while enticing

The world of luxury fashion has always been portrayed as a glimmering oasis of unyielding growth and exclusivity. Yet, with Kering’s recent report revealing a staggering 14% drop in first-quarter sales, the facade is starting to crumble. Once a titan, Kering has found itself navigating rough waters, and the heavy 4.3% decline in its stock

With $80 billion earmarked for the IRS from Congress in 2024, the expectation was not just for growth, but for an intense crackdown on high-net-worth individuals and LLCs that exploit the complex nuances of tax law. Enter Wesley Stanovsek, an ideal candidate for the IRS with his background in S corporations, trusts, and partnerships. Hailing

On a rather tumultuous Tuesday morning, shares of LVMH experienced a steep decline, plunging as much as 8%, causing a seismic shift in the luxury industry landscape. In a surprising twist, the company momentarily lost its crown as the world’s largest luxury firm to its competitive rival, Hermès. This shocking turn of events stemmed from

Luxury brands in Europe have historically been cushioned from economic upheavals by their status as symbols of opulence and sophistication. However, the introduction of taxpayer-funded tariffs under the guise of protectionism is casting a long shadow over this glittering sector. While LVMH, Kering, and Richemont have largely weathered initial import levies from the U.S., the