[ad_1] The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or …
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Christie’s just sold a Rothko painting for $100 million in a secret sale. Here are the details
[ad_1] Christie’s auction house in New York. CNBC A version of this first article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction house Christie’s just sold a painting for more than …
Read More »Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
[ad_1] A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing …
Read More »Traveling teachers work with families who travel the world — here’s what it pays
[ad_1] Lucy Alexandra Spencer spent 16 weeks abroad last year in Oman, France, Switzerland and Portugal. Unlike with most people, traveling is how she earns — rather than spends — money. The trips are paid for by Spencer’s employers — they’re wealthy Europeans and Americans who hire her to travel …
Read More »Family offices are going on the offensive, trading cash for alternative assets
[ad_1] Strauss/curtis | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While many institutional investors are trimming their …
Read More »IRS weighing ‘audit selection algorithm’ changes for low-income taxpayer credit
[ad_1] IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images After vowing in September to “substantially” reduce audits on a low-income tax credit, the IRS confirmed it’s taking steps to address the inequity. “We’ve …
Read More »LVMH takes aim at $30 billion watch market with high-end, reinvented pieces
[ad_1] Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. …
Read More »Jeff Bezos to sell up to 50 million Amazon shares | International Business News – Times of India
[ad_1] Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person.The disclosure comes after Amazon reported its best online sales growth since early …
Read More »Classic car auction site Bring a Trailer’s sales hit record $1.4 billion even as prices drop
[ad_1] 1967 Porsche 910 Source: Bringatrailer.com Bring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids. Bring a Trailer’s sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the …
Read More »Will air fares remain high in 2024? Here’s what experts say
[ad_1] The airline industry’s dramatic climb from the depths of the pandemic may be ending soon. A review of multiple reports shows stabilization across several key metrics, as rapid growth ends and a new era of normalcy begins. “2024 is expected to mark the end of the dramatic year-on-year increases …
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