A Beverly Hills mansion that has been widely publicized with much celebrity and international buyer interest, triggering a bidding war, has been sold to Swedish billionaire Markus Persson for $70 million. This is the highest price ever paid for a home in Beverly Hills and it closed in a lightning-fast six days. Persson’s purchase included … Read more
The Biggest Gainers And Losers Of 2014. Wealth-X study. According to Wealth-X, the biggest gainer of 2014 was Alibaba founder and executive chairman Jack Ma, the former English teacher-turned billionaire entrepreneur. Ma’s fortune swelled by US$18.5 billion this year to US$29.2 billion, representing an increase of 173%, largely due to Alibaba’s blockbuster IPO in September … Read more
The 2014 Nautic – The International Paris Boat Show has always been synonymous with hundreds of boats on exhibition, in all manner of styles and sizes. And the latest new features were in abundance this year: the little Albatros, which aims to get all the different generations out on the water; the new flying catamarans … Read more
10 largest philanthropic donations of 2014. Six of the top 10 donations of 2014 were made to educational institutions, two were given to health causes, and two went to philanthropic foundations, according to a new study by Wealth- X, one of the world’s leading ultra high net worth (UHNW) intelligence and prospecting firms. Billionaire investor … Read more
Johnny Coca to take over the reins of Mulberry. British heritage brand Mulberry names Johnny Coca as new creative director. British luxury leather goods and fashion house Mulberry announced the appointment of a new Creative Director, Johnny Coca, a leading international fashion and luxury designer. Coca has the mission to end Mulberry’s low profit margins from … Read more
Wealth-X Luxury Sentiment Survey Report. The Luxury Industry Sentiment Index (LISI) – which gauges the level of optimism among luxury industry professionals – has registered an 8% increase since the start of the year, recovering from a slump over the past two quarters, according to The quarterly Wealth-X Luxury Sentiment Survey polls senior-level executives from … Read more