Jonathan Crystal was dangling his legs from a Deer Valley ski lift alongside his teenage son when he realized that an imminent windfall was about to radically shift the futures of his three children. His family had recently agreed to sell Crystal & Company, a Wall Street insurance brokerage his grandfather founded in 1933. Three generations had grown the risk-management …
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Harry Potter is one of LEGO’s most beloved franchises, and the Hogwarts Castle and Grounds set has earned a stellar 4.8 out of 5-star rating on Amazon with over 1,800 reviews backing it up. LEGO’s official website shows zero discounts on this flagship model and maintains the strict pricing the company is known for. But Amazon isn’t playing by those …
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Giorgio Armani (left), Silvana Armani (center) and Pantaleo Dell’Orco (right) at Milan Fashion Week in September 2021. Gamma-Rapho via Getty Images Giorgio Armani’s will was unsealed on Thursday, a week after the iconic fashion designer’s death at the age of 91 on September 4. In the bombshell document, the late billionaire laid out how his estimated $9.6 billion fortune will …
Read More »MILAN (AP) — After a lifetime of spurning would-be business suitors, the late Italian designer Giorgio Armani instructed his heirs to sell an initial 15% minority stake in his vast fashion empire, with priority to the French conglomerate LVMH, the eyewear giant Essilor-Luxottica or the cosmetics company L’Oreal. Armani gave control of 40% of his business empire to his longtime …
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Owned by the same family for more than 116 years, Reynolds Ranch is now on the market for $30.7 million. Courtesy of California Outdoor Properties For more than 116 years, Deanna Davis’ family has owned Reynolds Ranch, spanning 7,600 acres in California’s Central Coast region. With the heirs in disagreement over the homestead’s future, Reynolds Ranch is now on the …
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A local house with a porch in Edgartown on Martha’s Vineyard, Massachusetts, USA. Wolfgang Kaehler | Lightrocket | 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 great wealth transfer is leading to a …
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