Wealth

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LVMH dethroned by Hermès as world's most valuable luxury stock after sales miss

LVMH dethroned by Hermès as world's most valuable luxury...

Sales were "overall below the most conservative buyside expectations," Citi analysts...

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As Trump targets Harvard and nonprofits, wealthy donors are wary of stepping up their giving

As Trump targets Harvard and nonprofits, wealthy donors...

Many philanthropists are wary of getting caught in the political crossfire, but...

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Embattled Burberry to cut 1,700 jobs amid turnaround

Embattled Burberry to cut 1,700 jobs amid turnaround

Burberry on Wednesday announced a slew of organization changes, amid continued turnaround...

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Wealthy shoppers are splashing the cash on jewelry — so long as it's the right brand

Wealthy shoppers are splashing the cash on jewelry — so...

The world's wealthiest are continuing to adorn themselves with the finest jewelry...

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Family offices bet on equities: Here's what to know

Family offices bet on equities: Here's what to know

Family offices are loading up on stocks and souring on private equity in one of...

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Hamptons summer rentals cool off: Here's why

Hamptons summer rentals cool off: Here's why

CNBC's Robert Frank joins 'Squawk Box' with the latest news.

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Shares of Gucci-owner Kering drop after first-quarter sales slump

Shares of Gucci-owner Kering drop after first-quarter sales...

Shares of Kering fell on Thursday after the French luxury goods group posted lower...

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David Sacks, Winklevoss twins start 'Executive Branch' club with $500k membership fee

David Sacks, Winklevoss twins start 'Executive Branch'...

CNBC's Robert Frank reports on a new private membership club in Washington, D.C.

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Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee

Donald Trump Jr. co-founds new private members club, Executive...

Executive Branch held a launch party that included members of President Donald Trump's...

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Hamptons summer rentals down 30% compared to last year

Hamptons summer rentals down 30% compared to last year

CNBC's Robert Frank joins 'Squawk on the Street' to discuss why rentals in the Hamptons...

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Big business of young millionaires: Here's what to know

Big business of young millionaires: Here's what to know

Wealth management firms are getting ready for the next generation of millionaires...

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Battle over Jimmy Buffett's $275 million estate highlights risks of family trusts

Battle over Jimmy Buffett's $275 million estate highlights...

The late singer's widow, Jane, and the co-trustee of the estate, Richard Mozenter,...

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The wealthy are loading up on cash, gold and family trusts during market turmoil

The wealthy are loading up on cash, gold and family trusts...

Several top executives in wealth management said that unlike the crashes in 2020...

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Tax attorneys say IRS has become a 'zombie' as agency cuts staff and halts audits of the wealthy

Tax attorneys say IRS has become a 'zombie' as agency cuts...

With the IRS expected to lose about a third of its staff after firings and buyouts,...

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More rich Americans are opening Swiss bank accounts fearing U.S. risks

More rich Americans are opening Swiss bank accounts fearing...

Swiss banks say they have seen a surge of interest and business from high-net-worth...