Wealth

California billionaires are stepping up their efforts to boost San Jose Mayor Matt Mahan in the race for state governor, rushing into the vacuum left by Eric Swalwell’s abrupt exit amid allegations of sexual assault.

Canada’s bank regulator is examining lenders’ exposure to hedge funds and private-credit shops — as well as how they transfer risk to those firms — with further inquiries planned.

Lithuania’s decision to allow early access to retirement cash resulted in about half a million of 1.4 million people opting out of a pension-saving scheme in the first quarter, suggesting a potential spending spree ahead.

Hampshire College in Amherst, Massachusetts, will close after the 2026 fall semester, becoming at least the sixth university this year to announce plans to shutter or be acquired.

The mood among the world’s asset allocators has dipped, but hardly collapsed.

Starting your own thing can build your résumé—and maybe get you paid too.

These days the biggest factor determining what high earners owe the government is how they make their money.

EFG International AG, the Swiss wealth manager backed by Greece’s billionaire Latsis family, has added a pair of Citigroup Inc. veterans as the private bank builds up its operations in the UK capital.

Wealthy Middle East residents are stepping up house-hunting in high-end European property hotspots as concerns about the war drive an uptick in demand for temporary rentals and longer-term accommodation.

Brazil’s deposit insurance fund FGC is refusing to extend a loan to Banco de Brasilia SA, the lender facing financial strain due to its ties to Banco Master SA, until BRB can quantify its losses and specify how much capital it needs to survive.

Billionaire Cristina Junqueira had a hard time getting a credit card after landing in Miami last year with her husband and four kids in tow.

The risk is that “on again and off again” talks leave energy prices elevated for much longer.

Once upon a time, not so long ago, about a third of all American workers had a gold-plated pension: When they retired, someone paid them nearly their full salary for the rest of their lives. They didn’t have to worry about the market, or inflation, or running out of money.

A splashy deal with SpaceX has helped send shares of telecommunications company EchoStar Corp. soaring more than 375% since early August, boosting the net worth of co-founder Charlie Ergen to $20.1 billion.

Gianluigi Aponte, the secretive Italian billionaire who founded and grew MSC Mediterranean Shipping Co. into the world’s biggest container line, passed ownership to his two children.

Miami’s Mandarin Oriental ended a 25-year run with a planned implosion over the weekend that took less than a minute. From the rubble will rise a $1 billion luxury project fueled by the city’s wealth boom.

Families behind companies from Samsung to Reliance are riding demand for chips, metals and infrastructure, lifting their combined wealth to a record $647 billion.

Meme stock apps are piling on luxury offerings from F1 access to premium credit cards to keep wealthy clients from leaving