What a one-night journey costs

Reservations for Italy’s new “La Dolce Vita Orient Express” train open Tuesday. Luxury train enthusiasts may want to lock in the current rate now — before it climbs any higher. Starting rates for a one-night journey on the luxury train increased from 2,000 euros ($2,168) per person in December 2022 to 2,500 euros per person … Read more

Wealth of the 1% hits a record $44 trillion

Martin Puddy | Digitalvision | Getty Images 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 wealth of the top 1% hit a record $44.6 trillion at the end of the … Read more

What are the best restaurants in Asia? Here the top 50 for 2024

Tokyo’s Sézanne is the newly crowned winner of “Asia’s 50 Best Restaurants 2024” list. The two Michelin-starred neo-classical French restaurant, located on the 7th floor of the Four Seasons Hotel Tokyo at Marunouchi, climbed from No. 2 on the 2023 list to secure the top spot. Japan had nine restaurants make this year’s list, as … Read more

Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, Beijing. Mumbai is now the Asian capital with the most number of billionaires, overtaking Beijing, according to Hurun Research Institute’s global rich list.  This is … Read more

You can still lower your tax bill with a ‘spousal IRA’ contribution

10’000 Hours | Digitalvision | Getty Images There’s still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for individual retirement account contributions is “earned income,” such as wages or salary from a job or self-employment earnings. But there’s an exception for … Read more

Mega Millions $1.1 billion jackpot winner could face these pitfalls

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images State taxes can be hefty “None of these winners think about taxes until they have a third of it going right to Uncle Sam and the state government,” said Andrew Stoltmann, a Chicago-based lawyer who has … Read more

Where and how the wealthy travel is changing

Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas with renowned explorers for $100,000?  Big-ticket travel experiences like those are indicative of the “quiet luxury” trend which began in the world of … Read more

The U.S. is the top country for millionaires and billionaires

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 U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a new report.   There are now … Read more

The top 10 richest cities in America

A new report found that New York City is the No. 1 place for ultra-high-net-worth individuals to own a property. Alexander Spatari | Moment | Getty Images 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, … Read more

Passport-free travel in Singapore is here, but not where you may think

Singapore made global headlines last year when the government announced that biometric processing will replace travel document verifications at Changi Airport in the first half of 2024. But the city-state is going “passport-free” in another area: its land border with Malaysia. From Tuesday, people traveling by car between Singapore and Malaysia can show self-generated QR … Read more