Author: Emmanuel
Ian Charles, managing partner of Arctos Partners, says the rise of artificial intelligence will make live sports content more valuable. Arctos is the only private equity firm approved to own equity in teams across all five major North American professional leagues — the NFL, NBA, MLB, NHL and MLS. Despite concerns over a bubble in team valuations, Charles said the thesis for sports as an investment is in the early innings. A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds…
More than 60% of U.S. family offices cited interest rates and inflation as among the top risks to their portfolios this year, according to a new survey by J.P. Morgan Private Bank. Globally, family offices cited geopolitical risks. To protect their portfolio, many family offices are turning to real estate and alternative investments, especially private equity and hedge funds, according to the survey. Westend61 | Westend61 | Getty Images Family offices are bracing for higher inflation this year, with many buying real estate and alternatives as hedges, according to a new survey. When asked about the largest risks to their…
Legislators and governors in many blue states are preparing a range of new taxes on the wealthy. At the same time, many red states continue to cut or eliminate income taxes. Efforts to single out millionaires and billionaires differ from previous tax hikes, which sought higher, progressive marginal rates on a broader population to raise revenue. CNBC breaks down which states have the highest effective rates on top earners, and which are looking to hike. A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to…
LVMH, Europe’s largest luxury company, reported fourth-quarter revenue of 22.7 billion euros, beating LSEG estimates of 22.2 billion euros. For the full year, revenue came to 80.8 billion euros. Excluding Japan, Asia saw a noticeable improvement in trends compared to 2024, with a return to growth in the second half of the year, the company said. Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Bloomberg | Getty Images Luxury conglomerate LVMH reported better-than-expected earnings after the bell on Tuesday and a second quarter of organic revenue growth, as the sector’s recovering…
Elon Musk’s pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards to shareholders remain mixed. Over the past 50 years, top CEO compensation has climbed 1,094%, according to the Economic Policy Institute. That compares to a 26% increase in typical worker compensation. A 2021 MSCI study of top executive pay between 2006 and 2020 found a weak correlation between higher CEO pay and company performance. Elon Musk’s pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards…
Warren Buffett announced that after his death, his fortune would be directed to a new charitable foundation overseen by his three children, Susan A. Buffett, Howard G. Buffett and Peter Buffett. The 95-year-old legendary investor requested that all the money be given away within 10 years of his death. In a rare interview with CNBC’s Becky Quick, the three Buffett heirs said their world view, priorities and approach to philanthropy began in the Buffett household. A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive…
The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more. The proposed wealth tax would apply to those who are California residents as of Jan. 1, 2026, leaving billionaires little time to establish tax residency elsewhere. Attorneys say the aggressive timeline will likely invite legal challenges. A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a…
Robert Smith, CEO of Vista Equity Partners, says the next phase of AI growth will come from private software companies. Vista’s aggressive bet on applications and agentic software highlights one of the fastest-growing corners of the AI trade and alternative investments. Smith said 30 of Vista’s companies are generating revenue from converting to agentic AI, and another 30 or 40 will convert in the coming months. A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive…
The strength in the classic-car market is expected to continue in 2026, Hagerty CEO McKeel Hagerty told CNBC. The biggest driver is a new generation of collectors, who are more comfortable buying online, with online classic-car sales surging 12% this year to $2.5 billion, according to Hagerty. Younger buyers also want younger cars, and high-performance supercars of the ’90s and later are drawing more interest. A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The strength in…
President Donald Trump announced the start of applications for the “Trump Gold Card,” a new investment visa for foreign nationals. In exchange for $1 million and a $15,000 processing fee, “Gold Card” applicants will get full-time residency in the U.S., the program’s website says. Immigration attorneys say replacing highly skilled or celebrated talents with foreign nationals whose sole qualification is writing a $1 million check distorts the intent of existing visa programs. Nurphoto | Getty Images President Donald Trump’s new “Gold Card” visa program uses a novel definition of wealth as a job skill to allow the overseas wealthy to…