Dozens of U.S. financiers and investors attended the Future Investment Initiative to deepen their business ties with the kingdom.
Category: High Net Worth Individuals
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Want to Lose a Lot of Money, Fast? Buy a Small Soccer Team in England.
The country’s lower leagues offer a tempting entry to ownership. But the sport’s economics mean even multimillionaires can struggle to compete.
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I.R.S. to Crack Down on Corporate Jet Users Who Abuse Tax Code
The tax collection agency’s scrutiny will involve new data analytics tools to find private jet owners who claim millions of dollars in deductions on planes being used for personal travel.
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Louis Vuitton Creates a Watch Prize for Independent Creatives
The luxury giant LVMH gathered up-and-coming watchmakers in Paris this week with its first watch prize and a party hosted by the youngest Arnault scion.
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Elon Musk’s Tesla Pay Package Is Struck Down by Judge
Shareholders had sued, arguing that Mr. Musk’s compensation — which helped make him the world’s richest person — was excessive.
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Patagonia Is Spending Millions on Conservation and Politics
$71 million of the clothing company’s earnings have been used since September 2022 to fund wildlife restoration, dam removal and Democratic groups.
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Bernard Arnault Names 2 More Sons to LVMH Board, Cementing Family Control
The move by France’s richest man extends a carefully-planned succession strategy for the world’s biggest luxury company.
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The Farmers Had What the Billionaires Wanted
In Solano County, Calif., a who’s who of tech money is trying to build a city from the ground up. But some of the locals whose families have been there for generations don’t want to sell the land.
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Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.
Time magazine, The Washington Post and The Los Angeles Times — owned by Marc Benioff, Jeff Bezos, and Dr. Patrick Soon-Shiong — are still losing money.
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At Art Fraud Trial, Sotheby’s Is Pressed on Role in Sales to Russian Oligarch
The auction house is accused of helping an art dealer who the oligarch says defrauded him in several sales. A Sotheby’s specialist involved in some of the transactions defended his conduct.