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The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel.

Millennials are purportedly poised to be the wealthiest generation in history, but are they ready to handle the vast inflow of money?

Ferrari is opening a new E-Building in Maranello, Italy, that will produce internal combustion engine cars alongside hybrid and all-electric models.

A record-breaking 128,000 millionaires are expected to relocate in 2024, according to the Henley Private Wealth Migration Report.

A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year's election expected to exacerbate the exodus.

According to Wealth-X, the average age of individuals in North America set to inherit fortunes from parents worth $5 million or more is 46.1 years old.

Beatrice aims to make education and accessibility paramount since many young inheritors will be new to managing wealth amid the 'great wealth transfer.'

America's millionaire population grew 7.3% in 2023 to 7.43 million people, according to a Capgemini report. Their combined fortunes grew to $26.1 trillion.

Investing directly allows them to contribute their expertise and management advice to the portfolio companies, as well as their capital.

Aston Martin has overhauled manufacturing, shored up its financials and is now launching a fleet of new products defined by high-performance.

The list includes books on effective communication, AI, Formula One, whiskey, hidden vacation spots and the art collection of Alicia Keys and Swizz Beatz.

The mass wealth migration to Florida from New York and other high-tax states has created record demand for household staff in elite Florida enclaves.

With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.

Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass.

While the spring sales typically have more than a dozen works offered for more than $30 million each, this year there are just a few.

Members of Britain's exclusive all-male Garrick Club voted on Tuesday to permit women to join the institution for the first time in its 193-year history.

The U.S. is increasing its lead as the largest creator of millionaires and billionaires in the world.

"Optimize by Equinox" is a personalized health program that includes everything from personal training and nutrition to sleep coaching and massage therapy.

Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.

Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.

The surge in wealth among millennial heirs is creating new markets for wealth-management firms, luxury companies, travel firms and real estate brokers.

Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.

The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.

There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.

Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.

New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.