Finance

The Wealth Transfer Conundrum: The Right and Wrong Way to Leave Money to Your Heirs

It’s one thing to make a fortune and enlist an army of financial advisers to safeguard it for posterity. But how do you ensure that money buys your descendants happiness—and not misery?

The World Cup Is Expected to Bring $3.3 Billion to the New York Metro Area

MetLife Stadium will host eight matches in 2026, including the final.

Singapore Is the Priciest City for Luxury Living, a New Report Says

The city-state reigns supreme in global luxury consumption, according to a new report by Julius Baer Group Ltd.

Americans Believe You Need $2.3 Million to Be Wealthy: Report

A new survey from Charles Schwab examines what it means to be rich in the U.S.

Singaporeans Are Splurging Despite a Global Luxury Slump

The city-state’s 240,000 millionaires outpace spending by other Asian markets amid declining luxury sales worldwide.

A Trio of French Billionaires Lost a Record $70 Billion This Year Due to the Luxury Slowdown

Bernard Arnault, Françoise Bettencourt Meyers, and François Pinault did not have a financially healthy 2024.

The Swiss Government Just Rejected a Proposal to Install a 50% Inheritance Tax on the Wealthy

The proposal, which has 100,000 signees, will still go to voters.

Women Will Control $34 Trillion in U.S. Assets by 2030: Report

Trends worldwide are contributing to an increased number of ultra-high-net-worth women and female billionaires.

The Failed Crypto Exchange FTX Is Suing Binance for $1.8 Billion

FTX’s estate alleges that a prior transaction with Binance, carried out by Sam Bankman-Fried, was fraudulent.

The 10 Richest People in the World Gained a Record $63.5 Billion After the Election

Elon Musk, the wealthiest person on the planet, saw his net worth jump 10.1 percent to $290.3 billion.

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