The wealthy are spending more on vacations, fine dining and yachts
The consumer base for luxury goods is shrinking—but the ultrawealthy are still spending.
Mary Whitfill Roeloffs, Forbes Staff
World’s 5 richest people lose nearly $50 billion combined in broad market sell-off
The five richest people in the world are worth nearly a combined $46 billion less Thursday afternoon due to a market sell-off spurred by dumping of artificial intelligence stocks, mixed fourth quarter results from Disney and general economic uncertainty as the longest government shutdown in American history comes to an end.
Cosmetics Billionaire’s $500 Million Art Collection Up For Auction Today—With Works By Van Gogh, Klimt, Mattise
Dozens of pieces are expected to fetch half a billion dollars in all when they’re auctioned Tuesday night.
Cristiano Ronaldo—world’s highest-paid athlete—says this custom item is his most expensive purchase ever
Ronaldo became the first active team-sport athlete to surpass $1 billion in career earnings in 2020.
Sydney Sweeney says American Eagle controversy and Trump support ‘didn’t affect me’
Sweeney said the American Eagle advert heard around the country “didn’t affect me one way or the other.”
Jeff Bezos becomes $10 billion richer as Amazon’s OpenAI deal boosts stock
Jeff Bezos’ stake in Amazon is up almost $30 billion since Friday.
Inside Gwyneth Paltrow’s jaw-dropping ultra-luxe holiday gift guide
Here are the luxury items Gwyneth Paltrow recommends this holiday gifting season.
Amazon may lay off 30,000 employees amid mass automation plans, report
One of America’s largest employers is planning major layoffs, according to Reuters, an indication of major shifts coming to the labor market.
These NBA games allegedly involved fake injuries and leaked info in gambling scandal
Seven games were specifically cited by prosecutors as having paid off big for gamblers allegedly using non-public information from inside the NBA.
Stolen Louvre jewels were worth $157 million
Eight extremely valuable pieces of jewelry were stolen from the world’s most visited museum in a made-for-TV heist on Sunday.