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wealthy

Wealthy millennial, Gen Z Platinum members drive American Express to record revenue: ‘very comfortable paying for its exceptional value’

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American Express reported record third-quarter 2025 results on Friday, driven by the spending power and loyalty of younger affluent consumers. Chief Executive Steve Squeri hailed millennial and Gen Z Platinum members as “very comfortable paying for its exceptional value and highly engaged in the product,” underscoring the company’s successful push to attract a new generation … Read more

Delta’s bet on wealthy Americans driving the economy is working: Premium seats are set to overtake main cabin for the first time in history

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Delta Air Lines delivered a robust set of financial results for the third quarter of 2025, posting record revenue and beating consensus forecasts for earnings, driven largely by continued strength in premium and corporate travel demand. CEO Ed Bastian expressed optimism for the months ahead, projecting full-year adjusted earnings per share (EPS) to reach about … Read more

Escape from New York: Impending election of a democratic socialist mayor has the wealthy fleeing to the suburbs

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The wealthy in New York City are on the move, spurred by what some are calling the “Mamdani Effect”—a sudden surge of outward migration in anticipation of Zohran Mamdani, a democratic socialist, likely taking the reins as mayor this November. As polls point ever more decisively to a Mamdani victory in the fast-approaching Nov. 4 … Read more

40% Increase In Crypto Millionaires In 12 Months: Report Finds World’s Wealthy Prefer Crypto And Gold

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In just the last 12 months, crypto millionaires have exploded in number, surging by 40% to a record 241,700 globally. Visibly, high-net-worth investors are increasingly favouring cryptocurrency and gold over traditional assets. The Crypto Wealth Report 2025 from Henley & Partners, published on 23 September 2025, reveals a meteoric rise in not only crypto millionaires … Read more

Real estate star Fredrik Eklund says wealthy homebuyers ares splurging on at-home ‘biohacking’: Cold plunges, IV drips, hot tubs, and infrared saunas

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Real estate mogul and Million Dollar Listing New York star Fredrik Eklund is clued in on all the hot trends in high net-worth housing. Serving celebrity clients including Sex and The City icon Sarah Jessica Parker, musician Nick Jonas, and popstar Jennifer Lopez, the agent delivers on whatever amenities they’re looking for.  And the new … Read more

UBS Reports Growing Interest In Crypto Exposure By Wealthy Asians

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Asia’s wealthy are ramping up crypto allocations as trading surges and regulation matures worldwide. Is this uptick among Asian investors driven by strong market performance, expanding institutional access, or the regulatory environment in key markets such as Hong Kong, Singapore, and the US? A 21 August 2025 Reuters report states, “Wealth managers said they are … Read more

OKX Singapore courts wealthy clients with regulated crypto staking

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OKX Singapore is targeting high-net-worth individuals with a new service that simplifies staking. The offering provides a seamless, compliant bridge to proof-of-stake networks, merging crypto-native yields with traditional finance security standards. Summary OKX Singapore launches On-chain Earn, a regulated staking service for accredited investors. The platform supports major tokens including ETH, SOL, APT, and SUI. … Read more

How wealthy yacht buyers plan to avoid the European tariffs

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Superyachts in Port Hercules, Monaco. John Lamb | The Image Bank | 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. American boat buyers and European shipyards are scrambling to … Read more

American Express just offered a peek inside how wealthy Americans are doing—they’re thriving, even the Gen Z members

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When American Express unveiled its second-quarter 2025 results on Friday, it didn’t just announce another round of record-breaking earnings. It offered a rare, high-definition snapshot of how affluent Americans, the premium cardholders at the heart of its business, are faring in a constantly shifting economic landscape. The short answer? Quite well, really. American Express reported record … Read more

Wealthy turn to life insurance to soften blow of new UK inheritance tax rules

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rich in Britain are turning to life insurance to reduce the pain of unexpected inheritance tax bills following a contentious overhaul of the system in the autumn Budget. “Every market has its day in … Read more

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