Money – Top Wealth World

Luxury Recession: Diamond Prices Crash, Rolex Downturn Persists

Diamond deflation has arrived with a bang as prices have spent the last year and a half crashing, roundtripping levels not seen since the early days of Covid (and right…

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LVMH, billionaire, Bernard Arnault, LVMH Shares Tumble As Luxury Bubble Unravels

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‘It Ain’t Gucci’: LVMH Shares Tumble As Luxury Bubble Unravels

Reconfirming our thoughts about the deflating luxury bubble is news that luxury conglomerate LVMH reported slowing sales growth, sending shares down 6% and tumbling into a bear market, according to Zerohedge.

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Australia, millionairs, billionairs, migration of capital

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Mapped: The Migration of the World’s Millionaires in 2023

Just like everyone else, High Net Worth Individuals (HNWIs) traveled less than usual during the pandemic, and as a result their migration numbers trended downwards. But millionaires and billionaires are…

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Birkenstocks: The humble sandal maker is set to IPO

Birkenstock is the latest firm looking to test the IPO waters, as the iconic sandal maker eyes a deal that could value the company at more than $8 billion.

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The owner of Coach is acquiring the owner of Versace for $8.5 billion

The fashion conglomerate Tapestry Inc., which owns brands like Coach, Kate Spade, and Stuart Weitzman, has announced its acquisition of Capri Holdings, the company that owns Michael Kors, Jimmy Choo,…

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Tom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal

A blockbuster deal to sell his eponymous fashion brand has catapulted fashion designer Tom Ford into the global billionaires club.

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L’Oréal buys Aesop in $2.5 billion deal, its biggest acquisition ever

L’Oréal is buying Australian brand Aesop in a deal that values it at $2.5 billion, in the biggest brand acquisition ever made by the French beauty giant.

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Unicorns are rare again

Unicorns, once elusive creatures of the startup universe, are again becoming a rarity. According to the latest data from Pitchbook, July saw just 3 new companies reach the $1 billion valuation necessary to…

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St Kitts and Nevis announces further monumental changes to its Citizenship by Investment Programme

On 27 July 27, the Government of St Kitts and Nevis proudly announces further groundbreaking changes to its Citizenship by Investment Programme, a move that signals the country’s intention to…

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Taxing great wealth in the EU

The European Commission has decided to register a European Citizens’ Initiative (ECI) titled ‘Taxing great wealth to finance the ecological and social transition’. The initiative organizers are urging the Commission…

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