Tag Archives: wealthy

What wealthy parents need to know about giving real estate to heirs

What wealthy parents need to know about giving real estate to heirs

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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Here’s How Much Money It Takes to Be Considered “Wealthy” in 2025

Here’s How Much Money It Takes to Be Considered “Wealthy” in 2025

Building wealth is a goal many people share. However, as wages stagnate and prices of everyday goods and services continue to surge, it’s becoming increasingly difficult to achieve. But what exactly does “wealth” look like for the average person? The definition may vary depending on factors like the cost of living in your area and your lifestyle, but a new …

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‘Cabots talk only to God’: Astronomer HR exec caught in Coldplay scandal is married into wealthy, ‘Boston Brahmin’ clan

‘Cabots talk only to God’: Astronomer HR exec caught in Coldplay scandal is married into wealthy, ‘Boston Brahmin’ clan

Kristin Cabot, the Astronomer HR executive at the centre of the viral Coldplay kiss cam scandal, is actually married into one of the wealthiest families in Boston. Kristin is reportedly married to Privateer Rum owner Andrew Cabot. He touts his family lineage as the sixth-generation owner of the longstanding rum brand, which was founded by the “original” Andrew Cabot. According …

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

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

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 quarterly revenue of $17.9 billion, …

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Most think GOP tax bill will help the wealthy, poll finds

Most think GOP tax bill will help the wealthy, poll finds

WASHINGTON (AP) — Republican elected officials are promoting their recently passed tax and spending bill as a win for working Americans, but a new survey shows that Americans broadly see it as a win for the wealthy. About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center …

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