In an era marked by stark economic disparities, the escalating compensation packages within family offices underscore a troubling trend: the concentration of wealth and influence among the ultra-rich continues to accelerate. As this report vividly illustrates, the top executives in these private wealth management entities are not only receiving eye-watering salaries but are also benefiting
Wealth
The recent announcement of a 15% tariff on European-made yachts and recreational boats signals a seismic shift that will ripple through an already fragile industry. This move, orchestrated within the broader context of economic nationalism, reveals a shortsighted approach to international trade that disregards the complex interdependence between American consumers and European craftsmanship. For decades,
The luxury sector’s recent performance disguises a more troubling reality. Despite some promising signs, such as the cautious optimism surrounding LVMH’s modest sales decline, the industry’s outlook remains precariously balanced on the edge of uncertainty. The narrative of a genuine recovery is overly optimistic; beneath the surface, fundamental issues threaten to undermine any perceived resurgence.
In recent years, the venerable world of art auctions has exhibited symptoms of profound instability. For over a decade, this once-flourishing sector—dominated by industry giants like Sotheby’s, Christie’s, and Phillips—has been grappling with a precipitous decline in sales. The first half of 2025 reflects this downward trend, with figures plummeting to levels unseen since the
Moncler, a symbol of Italian craftsmanship and luxury, finds itself at a pivotal crossroads. Despite its reputation for exclusivity and quality, recent strategies reveal a vulnerability that cannot be ignored. The company’s reliance on minimal price hikes to counteract the early effects of U.S. tariffs is a deflection, not a cure. This tepid approach signals
The modern conception of luxury has evolved far beyond the mere acquisition of expensive items. Today, luxury is increasingly rooted in experiences — ephemeral, exclusive, and often inaccessible to the majority. The recent influx of corporations like LVMH into high-end travel underscores this trend. While it might seem like a natural extension of their brand
At first glance, Burberry’s recent performance appears promising—a modest but significant uptick in sales within the American market and a return to some level of growth in select regions. However, delving deeper reveals a more complex reality: a luxury giant still teetering on fragile foundations amidst economic headwinds and changing consumer landscapes. The narrative of
The recent decline in Richemont’s sales in Japan exposes the unsustainable optimism that often clouds the luxury industry’s perception of resilience. After a frantic surge fueled by currency depreciation and international tourism, the market’s bright outlook has quickly dimmed. The 15% drop in Japan’s sales—following a staggering 59% jump—serves as a stark reminder that the
Recent legislative changes designed to stimulate the economy are often portrayed as straightforward benefits for business owners and the broader public. However, the new federal spending bill, with its reinstatement of “bonus depreciation” for private jets, exposes a darker truth about how fiscal policies can deepen economic inequality. While proponents argue that such incentives boost
In the flawed fabric of current fiscal policymaking, it is disturbingly clear that the wealthy continue to reap disproportionate benefits under the guise of economic progress. Recent legislative proposals, particularly President Trump’s so-called “big beautiful bill,” reveal a troubling pattern: the privileged elite are set to gain even more from tax reforms that favor high-income