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☆ Here's where the world's top 0.001% are putting their money, according to wealth experts
▼ + stars: | 2024-04-22 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

"While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club," said Kevin Teng, CEO of WRISE Wealth Management Singapore, a wealth enterprise for ultra-high net worth individuals. Family offices as investment vehiclesIndividuals of such wealth generally have their money managed by single family offices, which handle everything including their inheritance, household bills, credit cards, immediate family expenses, etc., said Andrew Amoils, an analyst at global wealth intelligence firm New World Wealth. "These family offices often have foundation arms for charities and venture capital arms that invest in high growth startups," said Amoils. The number of family offices in the world has tripled since 2019, topping 4,500 worldwide last year with an estimated $6 trillion in assets under management combined. Ultra high net worth individuals also explore potentially buying stakes in professional sports teams, said Dandrew's Buscemi.

Persons: Yana Iskayeva, Kevin Teng, Salvatore Buscemi, Teng, Buscemi, Michael Sonnenfeldt, —, Andrew Amoils, Dandrew's Buscemi, Jerry Jones, Jayne Kamin Organizations: WRISE Wealth Management Singapore, Bay Area, NFL, Dandrew, CNBC, Dandrew Partners, Tiger, Dallas Cowboys, Getty Locations: centimillionaires, New York City, Bay, Los Angeles, London, Beijing, WRISE, United States, Oxnard , California

☆ How the super rich will watch the 2024 Paris Olympics
▼ + stars: | 2024-04-18 | by ( Chrissie Mcclatchie | ) edition.cnn.com time to read: +10 min

Olympic luxury packages are already on sale, offering exclusive access to the sporting spectacle, alongside very upscale travel and accommodation experiences. And this year, there’s no bigger sporting event than the Paris 2024 Olympic Games. Tour operator Kensington Tours says it has two clients coming into Paris for the first seven nights of the Games. “Paris presents a wealth of opportunities for luxury travelers to indulge in during the Olympics,” Adto Teppa says. Pierre MonettaTo ensure their clients have access to Paris’ most prestigious hotels, many luxury travel advisers have made blanket bookings at properties across the city.

Persons: cher, Barnabas Carrega, “, ” Carrega, ’ Carrega, Ducasse, Alain Ducasse, won’t, They’ll, they’ll, AZA, Angela Adto Teppa, ” Adto Teppa, Palais, Paris, Andrea Galvez, ”, Galvez, Pierre Monetta, We’ve, Dave Guenter, Crillon, Nicolas De Gols, De Gols, Fraser Yachts, Askari, Patrick Locqueneux, Clément Bru, Charles de Brosses, Cookoon, “ We’ve, ” Bru, Henri Jayer Vosne, Domaine, Conti, de Mars, Simone Biles Organizations: CNN, Paris, CNN Travel, Michelin, Olympic, Kensington, Eiffel, Palais Garnier, Travel, Opera Ballet, Travel Group, Le Bristol Paris, Paris ’, Royal, Raffles, “, Royal Monceau’s, Nice, Tahiti, Fraser Locations: Paris, American, Alma, Kensington, Oahu, Hawaii, New York, Rosewood, Le Bristol, Raffles Paris, Marseille, Polynesia, Teahupo’o, Tahiti, Monaco, France, Burgundy

☆ Sony World Photography Awards 2024: Take a look at this year’s winning images
▼ + stars: | 2024-04-18 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +6 min

Juliette Pavy/Sony World Photography AwardsNow in its 17th year, the Sony World Photography Awards celebrates powerful images that resonate with audiences around the world. Mahé Elipe/Sony World Photography Awards “The Sacrifice Zone," taken in a remote part of Kazakhstan, won Eddo Hartmann the Landscape category. Eddo Hartmann/Sony World Photography Awards Ireland’s Siobhán Doran took the prize for the Architecture and Design category for "Sala Mayor (Living Room)." SiobhaÌn Doran/Sony World Photography Awards Jorge Mónaco of Argentina won the Portfolio category for his submission “Portraits and Landscapes.” Jorge Mónaco/Sony World Photography Awards The Still Life prize went to Federico Scarchilli from Italy. Sujata Setia/Sony World Photography Awards Thomas Meurot’s series "Kald Sòl" (Cold Sun) about surfing in Iceland's winter was the winner in the Sport section.

We've compiled everything you need to know about the competition, including where to watch the Monte Carlo Masters. Where to watch Monte Carlo Masters in the USAs is the case for many stops on the ATP Tour, the Tennis Channel will be the US home for the Monte Carlo Masters. If you don't have cable, this means it's time to try a live TV package that carries the network, like Sling TV or Hulu + Live TV. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. Shop at HuluWhere to watch Monte Carlo Masters in AustraliaAustralians can tune into the matches via beIN Sports, which costs AU$14.99 a month.

Persons: Monte, Monte Carlo Masters, they've, Indian Wells, We've, Carlo Masters, Carlos Alcaraz, Novak Djokovic, Roman Safiullin, you'll, Hulu's, ExpressVPN Organizations: Business, ATP, Monte Carlo, Indian, Miami, Indian Wells, ATP Tour, Tennis, Hulu, MLB Network, NBA, ESPN, Disney, Disney Plus, Monte Carlo Masters, Australia Australians, beIN Sports Locations: Monaco, Indian, Hulu, Australia

☆ Look of the Week: Billie Piper and the enduring glamour of the headscarf
▼ + stars: | 2024-04-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. CNN —If it wasn’t for the fact she was signing autographs outside the CBS studio in New York, many would have thought Billie Piper was attempting to go unnoticed. Wrapped, folded or tied under the chin; the headscarf is perhaps one of the most diverse — and historic — accessories in fashion’s arsenal. The same day, Julia Fox was spotted in another headscarf — styled with her Velveeta cheese curls and chunky boots. Sewn under the chin with the corners laid flat like a collar, each was etched with a different hairstyle.

Persons: Billie Piper, Piper, Julia Fox, Bauer, Griffin, Hermès, Olivia Palermo —, Queen Elizabeth II, Jackie Onassis, Grace Kelly, Princess, Monaco —, Hubert de Givenchy, Piper —, ”, Prince Andrew —, Giles Hattersley Organizations: CNN, CBS, Sloane, Givenchy, Copenhagen Fashion, Netflix, Vogue Locations: New York, Hollywood, West, Dua Lipa, Paris, Copenhagen, London

☆ Google just scored a big win in the AI talent war
▼ + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.

Persons: OpenAI's, Logan Kilpatrick, —, OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI

☆ F1's net-zero pledges are colliding with its ambitions to go truly global
▼ + stars: | 2024-04-01 | by ( Chris Hawes | ) www.cnbc.com time to read: +7 min

Oscar Piastri of McLaren during the Formula 1 Saudi Arabian Grand Prix at Jeddah Corniche Circuit in Jeddah, Saudi Arabia on March 9, 2024. But with the Japanese Grand Prix this coming weekend, F1's beleaguered boss Stefano Domenicali will finally be able to provide a rebuttal. F1's growing ambitions in the Middle East and the U.S. have at times transcended the sport. Las Vegas airports dealt with 400 private jets arriving for the Grand Prix, while Singapore saw a 63% increase in September flight arrivals compared to the previous year when its Grand Prix was pushed into October. Third placed Carlos Sainz of Spain and Ferrari celebrates on the podium during the F1 Grand Prix of Italy at Autodromo Nazionale Monza on September 03, 2023 in Monza, Italy.

Persons: Oscar Piastri, Stefano Domenicali, Alexander De Croo, Domenicali, Clive Mason, Stephane Bazire, Bazire, I've, Stefano, Colin Syn, We've, Francois Dumontier, Madeleine Orr, Paul Fowler, Carlos Sainz of, Dan Istitene Organizations: McLaren, Formula, Saudi, Jeddah Corniche, Nurphoto, Getty, United Arab, U.S, Belgian, Formula One, of Australia, Albert, Circuit, F1, Silverstone, CNBC, Las, Prix, Singapore, Singapore Grand Prix, Canadian, Italy's Emilia, Grand Prix, Williams, DHL, Ferrari, of, Autodromo Nazionale Monza Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Belgium, Monza, Italy, Monaco, United Arab Emirates, Europe, America, Las Vegas, Singapore, Japan, Miami, Grand, Canada, Australia, Carlos Sainz of Spain

☆ Billionaires' superyachts are bigger, better, and have more on board than ever
▼ + stars: | 2024-03-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?

Persons: —, Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, —, Monaco Yacht Locations: Russian, superyachting

☆ Japan’s Indy 200: Remembering the first time IndyCars raced at Fuji Speedway
▼ + stars: | 2024-03-28 | by ( Emiko Jozuka For Cnn | ) edition.cnn.com time to read: +10 min

She is the daughter of the Japanese photographer Joe Honda. Joe Honda ArchiveCommercial opportunityIn the 1960s, Japan was emerging as an advanced and high-tech nation following its defeat in WWII. “The groundwork for the Indy 200 was already laid by then, and the Japanese were ready and willing to pay for racing,” he said. Rare intimacyFive months before the Indy 200, Clark had been invited to test-drive the Fuji road course. Joe Honda ArchiveCultural shiftsIn 1966, no Japanese drivers or cars participated in the exhibition Indy 200 race.

Persons: Joe Honda, Japan CNN —, Jim Clark, Honda, Jackie Stewart, Chris Amon, Akira Jin –, –, Shingo Shiozawa, Riki Ohkubo, ”, —, ” Jackie Stewart, Nissan Sunny, Jack K, Yamaguchi, Jin –, Japan –, Shiozawa, Jack Brabham, Clark, Graham Hill, Ohkubo, Honda’s, Colin Chapman, “, ‘, ’ ”, Donald Capps Organizations: CNN, Japan CNN, Jim Clark Motorsport Museum, Indianapolis, IndyCar, Fuji International, Honda, Boys, Indy, Fuji, Japan, Nissan, Prix, Suzuka, Formula, Fuji International Speedway, Bolshoi Ballet, Leningrad Philharmonic, United States Auto, Triple Crown, Motorsport, Monaco, Nippon Auto Club, Speedway, Automotive Society of Historians Locations: Tokyo, Japan, Fuji, Scotland, New Zealand, American, Asia, America, Mie, Indianapolis

OAKLAND, Calif. (AP) — A former correctional officer at a federal California women's prison known for numerous misconduct allegations was sentenced to six years in prison for sexually abusing five inmates, federal officials announced Wednesday. Nakie Nunley, who supervised inmates at the Federal Correctional Institution, Dublin, becomes the seventh correctional officer sentenced to prison for sexually abusing inmates, according to the U.S. Department of Justice. A 2022 investigation by The Associated Press revealed a cultural of rampant sexual abuse and cover-up at the prison. U.S. Deputy Attorney General Lisa Monaco said in a statement that Nunley “egregiously exploited” his power to abuse inmates and retaliate against those who spoke up. Nunley pleaded guilty last year to four counts of sexual abuse of a ward and five lesser felonies of abusive sexual contact of five women.

Persons: —, Nakie Nunley, Lisa Monaco, egregiously, ” Monaco, Nunley Organizations: OAKLAND, Federal Correctional Institution, U.S . Department of Justice, Associated Press, Justice Department, Federal Bureau of Prisons Locations: Calif, California, Dublin, U.S, San Francisco

☆ Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts
▼ + stars: | 2024-03-26 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"

Persons: It's, —, Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai

☆ Malaysia's $100 billion ghost town really wants to draw in tourists. It's not working.
▼ + stars: | 2024-03-25 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +8 min

Forest City, a luxury development in Malaysia, is banking on tourism to shed its ghost town image. AdvertisementWendy Noble lives 15 minutes away from Malaysia's Forest City, across the border in Singapore. Country Garden, the largest developer in China, spent $100 billion building Forest City. "Forest City is able to attract the weekend tourists," Adilah said, referring to tourists like Noble and Nemis. Forest City Golf Resort's lobby, with a miniature figure of the development.

Persons: it's, —, Wendy Noble, Ree Nemis, Noble, Marielle, Nemis, Adilah Zain, Adilah, Sultan Ibrahim, Shawn, Gary, We've, Chandran Organizations: Forest City, Service, Malaysia's, MARA Technological University, Garden, Bloomberg, BI, Forest, Challenge, Hotel Locations: Forest, Malaysia, Malaysia's Forest City, Singapore, Forest City, China, Johor —, Malaysian, Monaco, Challenge Malaysia, Kuala Lumpur

☆ 'Quiet luxury' was once all about fashion — but now it describes how the top 1% travel too
▼ + stars: | 2024-03-22 | by ( Helen Iatrou | Rob Goss | ) www.cnbc.com time to read: +4 min

Big-ticket travel experiences like those are indicative of the "quiet luxury" trend which began in the world of fashion, with timeless lines trumping brand-blaring outfits. Less limelight, more connectionJaclyn Sienna India, the founder of the ultra-luxury travel company Sienna Charles, said she considers herself a longtime quiet luxury disciple. Monaco has long been a playground for the elite, but wealthy travelers are increasingly opting for more remote locations, say luxury travel advisors. But another important aspect of the quiet luxury movement concerns security. For them, quiet luxury travel is about exclusivity and privacy, she said.

Persons: Jaclyn Sienna India, Sienna Charles, Vietnam's, Alexander Spatari, It's, Sean De Burca, George W, Bush, Erica, Erica Jackowitz, Jackowitz, Sienna India, Thomas Barwick, Roger Federer, Erica's Erica Jackowitz, Anastasiia Organizations: Monaco, Bank, Getty, Digitalvision, Henley, Partners Locations: Antarctica, Svalbard, Paris, Monaco, Chi Minh City, India, Brazil, Ethiopia, New York City, Africa

☆ I tutored the children of Russia's elite amid the backdrop of war. One teenager said he had his own massage therapist.
▼ + stars: | 2024-03-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The agency counted some of Russia's elite among its clientele — so I was quickly thrust into a world of private jets, guarded estates, and personal chauffeurs. I worked in Moscow until Russia's full-scale invasion of Ukraine in February 2022, when I was relocated to Monaco. I have a massage every day, I have my own massage therapist," he told us. AdvertisementBut the children often brought the topic up themselves, their comments ringing with the ideology they had likely absorbed at home.

Persons: —, Cameron Manley, Barts, Vladimir Putin, Ivan, Alexei, Elena, It's, Philippe Jacquemart, Jorg Greuel, Putin, Sasha Mordovets, getty, wryly, Elizaveta Organizations: Service, Business, Monaco penthouses, Monaco, Mandoga, Getty, Mercedes, Benz, United Arab, Russia's, Sirius Locations: Moscow, Ukraine, Monaco, St, Caribbean, Rublevka, Saint, Nice, France, Russia, United Arab Emirates, Dubai, Russian, Sochi, Kyiv

☆ 16,000 plastic chemicals exist, many of them hazardous and unregulated, report says
▼ + stars: | 2024-03-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

And with new plastic chemicals entering the market all the time, it’s been difficult for regulators and policy makers to determine the scope of the problem. Now, for the first time, researchers have pulled together scientific and regulatory data to develop a database of all known chemicals used in plastic production. It’s a staggering number: 16,000 plastic chemicals, with at least 4,200 of those considered to be “highly hazardous” to human health and the environment, according to the authors. Although grouping would capture about 1,000 of the most toxic chemicals in plastics, Wagner said, that still leaves about 2,600 chemicals that still need to be regulated. Missing hazard dataIn addition to the massive number of toxic chemicals, the report found that detailed hazard information is missing for more than 10,000 of the 16,000 chemicals.

Persons: it’s, It’s, “, ”, Martin Wagner, Wagner, Philip Landrigan, Landrigan, Matt Seaholm, ” Kimberly Wise White, ” Wagner, ” Landrigan, Tasha Stoiber, Stoiber, Jane Houlihan Organizations: CNN, Norwegian University of Science, Technology, Program, Global Public Health, Global, Planetary Health, Boston College, – Monaco, Plastics, Human, Plastics Industry Association, American Chemistry Council, International, United Nations Environment, Global Plastics, Environmental, Healthy Locations: Trondheim, United States

☆ Ex-Google software engineer charged with stealing AI technology while working with Chinese companies
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

A former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China, the Justice Department said Wednesday. "The theft of innovative technology and trade secrets from American companies can cost jobs and have devastating economic and national security consequences." Within weeks of the theft starting, prosecutors say, Ding was offered the position of chief technology officer at an early-stage technology company in China that touted its use of AI technology. The indictment says Ding traveled to China and participated in investor meetings at the company and sought to raise capital for it. Three days later, Google officials learned that he had presented as CEO of one of the Chinese companies at an investor conference in Beijing.

Persons: Linwei Ding, Ding, General Merrick Garland, Christopher Wray, Lisa Monaco, Wray Organizations: Google, Justice Department, American Bar Association Conference, Department, Technology, Force, Northern District of, supercomputing, Prosecutors Locations: China, Newark , California, San Francisco, People's Republic of China, United States, Northern District, Northern District of California, Beijing

☆ See inside Karl Lagerfeld’s many glamorous homes
▼ + stars: | 2024-03-06 | by ( Suyin Haynes | ) edition.cnn.com time to read: +10 min

CNN —Fashion writer Patrick Mauriès first met Karl Lagerfeld in 1981, after he quoted the fashion designer in a short book he had written about contemporary fashion and culture. As Lagerfeld became more of a public figure in the 1990s and 2000s, he increasingly sought homes that could act as retreats, said Mauriès. Fotex/Shutterstock/Courtesy Thames & HudsonIn keeping with Lagerfeld’s constant need for change, there is little left of the homes and interiors featured in the book. Georges Kelaïditès/Roger-Viollet/TopFoto/Courtesy Thames & HudsonAlso in his Rue de l’Université residence, Lagerfeld poses in his sitting room for a photo spread published in a German magazine, circa 1972. Horst P Horst/Condé Nast/Shutterstock/Courtesy Thames & HudsonHere, the designer poses for a photo at the work desk in his office space.

Persons: Patrick Mauriès, Karl Lagerfeld, Lagerfeld, Chanel, Mauriès, ”, “ Karl Lagerfeld, Marie Kalt, Lagerfeld’s, l’Université, Pozzo, Borgo, Monte, Ettore Sottsass, Vila Jako, Jacques de Bascher, Swedish Grace, Jacques Schumacher “, “, ” Lagerfeld, Kalt, Michael Graves, Rue de l’Université, Georges Kelaïditès, Roger, Max Scheler, Germain, Horst P Horst, Condé Nast, Hudson Lagerfeld, Villa La Vigie, Schorr, Jacques Schumacher, Jeff Koons, Joana Vasconcelas, François Coquerel, Jerome Galland, Villa Louveciennes Organizations: CNN, Hudson Each, Deco, Memphis Group, ancien, Hudson, Monaco, Rue de Lille, Rue de, de, & Hudson, Saint, Villa La, Hudson Lagerfeld's, Rue des Saints Pères Locations: Europe, Paris, Monte Carlo, Rome, Hamburg, Italian, Swedish, Monte, Sotheby’s, American, Rue, Roquebrune, France, Voisins

☆ How much living space $1 million buys around the world
▼ + stars: | 2024-03-01 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

Monaco is the most expensive market for prime property, costing over $5,800 per square foot. Knight Frank released its annual wealth report and looked at high-end real estate around the world. Hong Kong, Singapore, London, Geneva, and New York also ranked high for expensive prime property. AdvertisementIn Monaco, where you would need nearly $12.9 million to be in the top 1%, a square foot in a prime property costs over $5,800. Knight Frank defined prime property as "the most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value."

Persons: Knight Frank, — Organizations: Monaco, Service, Business Locations: Hong Kong, Singapore, London, Geneva, New York, Monaco

☆ The cheapest and most expensive Formula 1 races to attend during the 2024 season, which features more circuits than ever before
▼ + stars: | 2024-03-01 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

This season, drivers and their teams will be on the road for a record 24 races. We ranked the races by average ticket price, from the least expensive to attend to the priciest. AdvertisementThe 2024 Formula 1 season is back with a bang, with the first race set to take place in Bahrain on March 2. In addition to traditional venues like the streets of Monaco and England's Silverstone Circuit, the 2024 season also stops at newer outposts like the Shanghai International Circuit. A representative for F1 told Business Insider that individual promoters set ticket prices.

Persons: —, aren't Organizations: Service, England's Silverstone Circuit, Shanghai International Circuit, F1, Business Locations: Bahrain, Monaco, China, Mexico

☆ How much wealth you need to be in the top 1% in countries around the world
▼ + stars: | 2024-02-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Americans need a minimum net worth of $5.8 million to be in the top 1% of US wealth. The number of ultra-high net worth individuals globally is expected to surge by 28% by 2028. AdvertisementAmericans need at least $5.8 million in net worth to be in the top 1% of wealth in their country — less than half of the 1% cutoff for Monaco. Wealth as measured by Knight Frank includes investments, cash, and assets such as residences. In 2022, the median net worth for the top 10th percentile was $2.56 million, whereas net worth was just $14,000 for those in the bottom 20th percentile.

Persons: —, Knight Frank, Liam Bailey, Frank, Bailey Organizations: Service, Monaco, US, Federal Reserve's Survey, Consumer Finances, Bank Locations: Monaco, Luxembourg, Switzerland, North America, India, China

☆ How much wealth do you need to join the 1% club in your country?
▼ + stars: | 2024-02-29 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

The entry barriers to the 1% rich club have been getting tougher across the world. Here's how much you need to join the ranks of the wealthiest people in your country. Second in line is Luxembourg, which has an entry requirement of $10.8 million, followed by Switzerland at $8.5 million. At $5.2 million, Singapore is fifth globally and leads the Asia-Pacific region in terms of the wealth needed to break into the elite club. The two are offering tax incentives and business-friendly regulations to attract 1,100 family offices that manage over $4 trillion in assets.

Persons: Monaco, Knight Frank Organizations: Empire, Hudson Locations: Manhattan, New York City, U.S, Luxembourg, Switzerland, Singapore, Asia, Pacific, Hong Kong

With 47 tour stops in the 31-city line-up, we've put together a guide on how to get Bad Bunny tickets for the best prices. In addition to the titular "Nadie Sabe," Bad Bunny is expected to perform chart-toppers "Monaco" and "Perro Negro." How to buy tickets for Bad Bunny 2024 concert tourYou can purchase original tickets to Bad Bunny's Most Wanted Tour on Ticketmaster. Bad Bunny Tickets are also available through resale websites like StubHub and Vivid Seats, which have more variety in pricing. How much are Bad Bunny tickets?

Persons: we've, Bad Bunny, Nadie, Perro Negro, We've, Bunny, Bunny hasn't, Diplo, StubHub Organizations: Business, San, Kansas City, KY, FL, Bad, Ticketmaster, Vivid Locations: Utah, Salt Lake City , Utah, North America, Miami, Phoenix, AZ, San Francisco, Sacramento, Portland, Seattle, WA, Los Angeles, CA, Denver, Minneapolis, Kansas, Chicago, Toronto, ON, Canada, Detroit, MI, Washington, Brooklyn, NY, Boston, Philadelphia, Hartford, Louisville, Tulsa, Austin, Houston, Dallas, Orleans, LA, Charlotte, NC, Nashville, TN, Atlanta, Orlando, Tampa, Brooklyn , NY, KY

☆ A Billionaire Bought a Chunk of Manchester United. Now He Has to Fix It.
▼ + stars: | 2024-02-22 | by ( Tariq Panja | ) www.nytimes.com time to read: +1 min

The process was six months old and already starting to wear on Jim Ratcliffe, the British billionaire, the first time he brought out the Champagne to toast his purchase of Manchester United. Mostly, that was because any potential sale for United offered a tantalizing marriage of money, power and history: Mr. Ratcliffe, the wealthy chairman of INEOS, the petrochemicals giant, had supported Manchester United since he was boy. United, the most decorated club in English soccer, was one of the most iconic brands in global sports. And the Premier League, to which it belonged, was the richest soccer league in the world. United fans, eager to see their club shake off its unpopular owners, the Florida-based Glazer family, devoured it all.

Persons: Jim Ratcliffe, Ratcliffe, Ratcliffe’s, Glazer Organizations: Manchester United, Monaco, Prix, United, INEOS, Premier League Locations: Manchester, Florida

Kylian Mbappe has told Paris Saint-Germain he will leave the club at the end of the season, a person with knowledge of the situation told The Associated Press. Mbappe, who has consistently been linked with a move to Real Madrid, will be a free agent at the end of the campaign after seven years with PSG. Mbappe has been at PSG since 2017 after signing from Monaco in a transfer worth a reported $190 million. Mbappe will be the latest superstar player to leave the French club in recent times following the departures of Lionel Messi and Neymar last year. Mbappe won five French league titles with PSG, but has so far failed to lead it to success in the Champions League.

Persons: Kylian Mbappe, Germain, Mbappe hasn’t, PSG President Nasser Al, Khelaifi, Mbappe, Lionel Messi, Neymar Organizations: Paris Saint, Associated Press, PSG President, PSG, France, Monaco, Real, Champions League, ___ Locations: Real Madrid, Madrid, Mbappe

The pomp, the glamour, the conflicts, the characters: When it comes to Britain's royal family, Americans can't seem to get enough. That was evident this week following the announcement of King Charles III's treatment for cancer. They're references for power and prestige, like Aretha Franklin as the “Queen of Soul” or the administration of John F. Kennedy as Camelot. There was a social and cultural element as well: In the 19th century, some rich Americans would find husbands for their daughters among the British aristocracy. And of course, the 20th century has plenty of examples of music, television, etc., that traveled between the two societies.

Persons: they've, King Charles III's, Aretha Franklin, John F, Kennedy, Charles, Diana, —, ”, Maria Tatar, aren't, Philadelphia's Grace Kelly, Prince Rainier III of Monaco, Joanne Freeman, Erin Carlson, Carlson, William, Kate, Harry, Meghan, Camilla, ” Freeman, It’s, Deepti Organizations: United States, WHO, Camelot, Harvard University, England, Yale University, America Locations: United, America, Buckingham, Great Britain, New York

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