Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group. President Donald Trump has imposed 25% tariffs on […]
Tariff fears are raising construction costs by up to 20%, says Related Group CEO Read More »
While family offices pride themselves on investing for the long term, this week’s tariff volatility and confusion around government policy is causing many to slow their deal-making, according to experts. The S&P 500 was down 1.3% on Thursday alone, and all three
Family offices rattled by market swings and tariffs Read More »
Skyrocketing salaries for top athletes and lucrative deals for college players have touched off a new gold rush among wealth management firms. Juan Soto’s $765 million contract with Major League Baseball’s New York Mets highlights the unprecedented wealth being created by
Soaring athlete salaries attract wealth management firms Read More »
More than $100 trillion in household wealth is expected to be passed down as part of the Great Wealth Transfer, the largest in U.S. history, according to a new report. With personal wealth doubling over the past 12 years, and
Over $100 trillion in wealth is about to be inherited — here are the biggest winners Read More »
As women grow their share of global wealth, they’re also becoming a larger share of the billionaire class, with a new set of goals and philanthropy, according to a new report. Of the 3,323 billionaires in the world, 13% (or
How the world’s 431 women billionaires make, spend and give away their fortunes Read More »
A growing number of wealthy Americans are making plans to leave the country in the run-up to Tuesday’s election, with many fearing political and social unrest regardless of who wins, according to immigration attorneys. Attorneys and advisors to family offices and
Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists than donors, according to a new study. Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as
Wealthy millennials and Gen Z are redefining philanthropy Read More »
The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given fears of a higher estate tax, according to advisors and tax attorneys. The scheduled “sunset” of a generous provision in the estate tax
Harris’ rise in polls sparks wave of wealth transfers to kids Read More »
Sales of ultra-luxury homes surged in New York, Miami and Palm Beach, Florida, in the second quarter, even as they fell in much of the rest of the world, according to a new report. The number of homes that sold
Sales of $10 million homes surge in Palm Beach and New York Read More »
On Sept. 29, 1916, newspapers across the country announced a wealth milestone once thought to be unreachable: the world’s first billionaire. “Standard (Oil) at $2,014 makes its head a billionaire,” blared The New York Times headline, adding that Standard Oil’s
Top 10 people most likely to reach trillionaire status Read More »
