Wealth

In recent years, the landscape of private wealth management has undergone a dramatic transformation, revealing a troubling trend: family offices are increasingly desperate to attract and retain top-tier talent—sometimes at the expense of broader societal wellbeing. These ultra-wealthy entities are now employing aggressive incentive plans that reward executives with exorbitant pay packages tied directly to

In an era where economic policies frequently oscillate between protection and openness, tariffs emerge as a blunt tool that often undermines the very markets they aim to safeguard. The recent announcement of a 15% tariff on European-made yachts by the United States exemplifies a profound shift in economic strategy that risks destabilizing a thriving industry

In the glittering facade of the luxury market’s resurgence, there lies a shadow of doubt that cannot be ignored. Despite the headlines touting positive signs—like LVMH’s modest sales decline and rebounds in U.S. and Chinese markets—the bigger picture reveals a fragile and uncertain recovery, heavily dependent on volatile factors such as tourism patterns, currency fluctuations,

For years, the art world has pulsed with the myth of unassailable value—an exclusive realm where wealth, culture, and aesthetics intertwine to create a shimmery bubble that seems immune to economic downturns. Yet, recent trends reveal a starkly different reality: auction sales are plummeting, and the very foundations of this glittering industry are under siege.

Moncler’s recent strategy of modest price increases embodies a classic dilemma faced by luxury brands in uncertain economic climates. While the company claims that “very slight” adjustments help offset rising costs, such measures often risk alienating the very consumers they depend on. The luxury market hinges on exclusivity and perceived value, and any hint of

In recent years, the luxury sector has undergone a seismic transformation. Gone are the days when prestige was solely measured by the volume of handbags or the weight of gold jewelry. Today, the industry seems increasingly obsessed with experiencing and exclusivity—an adaptation that, while appealing to the ultra-rich, risks amplifying economic disparities and diluting true

In the high-stakes arena of luxury fashion, Burberry’s ongoing efforts to leverage its British heritage reveal a complex balancing act. While the brand seeks to anchor itself in tradition, there’s an unsettling undercurrent suggesting that this emphasis on heritage may be more polarizing than revitalizing. Heritage brands often carry a sentimental weight, but in a

The recent performance of Richemont and other luxury conglomerates exposes a dangerous illusion of stability within the high-end market. While stock prices inch upward and quarterly reports show modest gains, beneath this surface lies a fragile and increasingly volatile landscape. The sharp decline in Japanese sales—after a period of unprecedented growth—serves as a stark reminder

In recent years, the narrative around economic growth and innovation has been heavily skewed to favor the ultra-wealthy, and the latest moves in federal spending bills continue this trend under the guise of fostering prosperity. The reinstatement of bonus depreciation for private jets exemplifies how policy can serve as a catalyst for reinforcing economic disparities

In the wake of recent legislative developments, it becomes increasingly evident that the narrative of tax fairness is teetering under the weight of privilege and inequality. The new bill, championed by President Donald Trump and backed by conservative legislative factions, underscores a disturbing trend: policies skewed heavily in favor of America’s richest. This isn’t mere