Wealthy people are spending less – are they seeing signs of a recession?
A recent USB report found wealthy investors are increasing their cash reserves, adding to growing evidence suggesting they see trouble on the horizon
billionaire
Tiffany takeover approach is all about chasing Chinese money
LVMH bid for jeweller is latest attempt to target China’s new wealthy generation
Auction house Sotheby’s is going private after acquisition by French billionaire Patrick Drahi
Billionaire telecommunications executive and art collector Patrick Drahi acquired auction house Sotheby’s. After more than 30 years as a public company, Sotheby’s returns to private ownership. Patrick Drahi offered $3.7 billion for the 250-year-old auction house. The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company … Read more
The founder of Playtech scores a luxury office building for himself in Cyprus
Reports have come in from the paradise resort of Cyprus that the Israeli Billionaire, Teddy Sagi has scored himself a nice luxury building certificate in the country’s capital Nicosia. The founder of the Playtech casino software provider, is planning on building a large office building in the center of Nicosia, which will … Read more
Super rich buying up Italy’s mansions under new tax regime
‘You get the same sort of tax savings you get in Jersey but you get to live somewhere you actually want to live’
Danish billionaires plan to rewild large swath of Scottish Highlands
Scotland’s largest private landowners want to reverse years of land mismanagement, says adviser