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Private Wealth

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Ballmer Is Richer Than Gates, A First For Microsoft Billionaires

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The move came as Microsoft shares rose to a fresh record, bringing their total gain this year to 21%.

Ex-Billionaire Gets 7 1/2-Year Sentence For Defrauding Investors Goldman, Google

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Rishi Shah, 38, was convicted of more than a dozen fraud and money laundering charges.

Elections Will Have Profound Impact On Taxes, Advisors Say

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All elections have tax implications, but the impact of this year's contest may be unprecedented, they say.

Washington Hostess Esther Coopersmith's Mansion Is On The Market

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The late philanthropist's house, a hub for power brokers, has been listed for $18.5 million.

World's Rich Bet On VC Firm With 275% Gains That Shuns AI

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Unlike millennial peers, 8090 Industries favors companies looking to transform industrials.

Billionaire Arnault Said To Join Race For Signa's Venice Hotel

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The five-star hotel is one of the trophy assets now on the market after the implosion of Signa Group.

At $2,000 A Night, London's Best New Hotel Is Actually A Value

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London has put some $5.1 billion toward the construction and renovation of high-end hotels.

Supreme Court's Sackler Ruling Upends Bankruptcy Settlements

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The ruling stands to change the way troubled organizations have used Chapter 11 to survive onslaughts of lawsuits.

Ken Griffin Makes Largest Gift In Chicago Since Departing For Miami

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The billionaire hedge fund founder announced a $10 million gift to Northwestern Medicine.

BlackRock Muscles Into Private Assets Market For Wealth Clients

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The firm will work with Chicago-based GeoWealth to offer private equity and debt funds.

IRS Audits Shift Focus From Ultra-Affluent Individuals To The Mere Wealthy

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The agency is zeroing in on those who make more than $400,000 instead of just multimillionaires, a watchdog report said.

Texas Wealth Advisor Overseeing $7 Billion Eyes Mexico's Ultra-Rich

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Americana Partners International of Houston is launching a Latin American division.

Singapore, Hong Kong Are Costliest Cities For Luxury Spending

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New York is the most expensive of U.S. cities.

Rich U.S. Tourists Will Make Europeans Feel Poor

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Europe's high living standards are at risk unless it does more to boost productivity and wealth creation.

Clients Can't Dawdle On Expiring Tax Reform Provisions, Advisors Say

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The reforms aren't due to sunset until the end of 2025, but advisors say now is the time to act.

How Investors Can Avoid Emotion-Driven Stock Picking And Investing

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Todd R. Walsh of Alpha Cubed Investments on how to create a successful investment plan.

Former Hedge Fund Trader Builds $185 Million Burrito Fortune

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Guzman y Gomez Ltd. shares began trading Thursday on the Australian Securities Exchange.

Navigating Talent Acquisition In Financial Firms

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Patrick Sullivan of Private Advisor Group discusses strategies for attracting and retaining next-generation professionals.

Three-Way Race For World's Richest Emerges With Musk Buoyed By Pay Vote

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The game of musical chairs has been influenced by a fight over Musk's pay package.

IRS To Crack Down On 'Basis Shifting' Tax Avoidance By Business Partnerships

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The agency aims to collect $50 billion more in taxes over the next 10 years from those who use the tactic.

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