Aston Martin, the iconic British sports carmaker, is gearing up for a significant transformation under the leadership of Executive Chairman Lawrence Stroll. Stroll, a former fashion mogul turned billionaire, has spearheaded a comprehensive plan to revitalize the brand and steer it towards profitability after years of financial struggles. With a flurry of new models in
Wealth
Housekeepers in Palm Beach and South Florida are currently experiencing a surge in demand, with salaries often exceeding $150,000 per year. The mass influx of wealthy individuals from high-tax states like New York to Florida has led to bidding wars between mansion owners and a shortage of household staff in elite Florida enclaves, particularly in
Family offices, which manage the finances and investments of high net worth individuals, are facing an increasing risk of cyberattacks. According to a recent survey by Dentons, a global law firm, 79% of North American family offices believe that the likelihood of a cyberattack has significantly increased in recent years. The survey also found that
Richemont, a Swiss luxury group, saw its shares surge by 6.3% after reporting record full-year sales. Despite a weakening outlook for luxury brands, the company’s group sales rose by 3% to reach a new high of 20.6 billion euros. This impressive growth was a beacon of hope in an uncertain market, leading to a positive
Over the past decade, Shenzhen in China has seen unparalleled growth in its millionaire population, recording a staggering 140% increase. This growth eclipses that of other major Chinese cities such as Beijing and Shanghai, which saw more modest gains of 90% and 84%, respectively. In fact, Shenzhen has managed to outperform the country’s overall millionaire
Being super rich may seem like a dream to many, but the reality is not always so glamorous. Therapists who work with ultra wealthy individuals have shed light on the challenges they face, and one of the top issues is chronic isolation. These individuals live in a rarified world where very few people can truly
The key art sales in May are not expected to reach the same heights as the previous year. Major auction houses such as Christie’s, Sotheby’s, and Phillips are anticipating a total of $1.2 billion in sales, which is down 18% from the previous year. This decline follows a trend from the art market’s peak after
In a historic move, the members of the prestigious Garrick Club in Britain have decided to permit women to join the institution, marking a significant shift in its 193-year history. The decision to allow women into the club, which has been exclusively for men since its establishment in 1831, was made with a 59.98% majority
The latest study on global wealth distribution has revealed that New York City stands as the richest city in the world, boasting an impressive 359,500 millionaires and 60 billionaires. Over the past decade, New York has experienced a remarkable 48% surge in its millionaire population, defying concerns of wealth flight and the challenges posed by
Equinox, the high-end fitness chain, is making waves in the industry with the launch of one of the most expensive gym memberships in the world. Priced at $40,000 per year, the “Optimize by Equinox” program is designed to enhance overall health and longevity. By partnering with lab-test startup Function Health, Equinox aims to provide a