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The U.S. is the top country for millionaires and billionaires

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 U.S. has rapidly overwhelmed China as the world's top spot for millionaires and billionaires, according a new report.  There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to…

New BMW iX xDrive50: What Makes It Stand Out?

Last Updated: March 22, 2024, 12:40 ISTNew BMW iX xDrive50: What Makes It Stand Out? (Photo: BMW)New BMW iX xDrive50 debuts in India at Rs 1.40 crore, boasting a bigger battery, powerful motors, and sleek upgrades, setting a new standard in luxury electric SUVs.BMW India has rolled out a brand-new version of its iX series, and it’s packed with upgrades.The iX xDrive50 has made its grand entrance, boasting top-notch features and a price tag of Rs 1.40 crore, ex-showroom, India.The iX xDrive50 boasts a larger 111.5kWh…

The top 10 richest cities in America

A new report found that New York City is the No. 1 place for ultra-high-net-worth individuals to own a property.Alexander Spatari | Moment | Getty ImagesA 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.New York still leads the U.S. and the world when it comes to wealthy cities.With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest…

This luxury carmaker is bringing humanoid robots to assembly line, ET Auto

The humanoid robots, called Apollo, will work alongside the human staff into the carmakers’ manufacturing facilities. Global luxury carmaker Mercedes is bringing humanoid robots to help its workers in assembling car parts and inspection, as the company looks to automate some physically demanding tasks. Mercedes-Benz has partnered with Apptronik, a company that designs general purpose humanoid robots. The humanoid robots, called Apollo, will work alongside the human staff

Ferrari boss promises ’emotion’ won’t be lost in EV engine roar

A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari's initial public offering in New York City on Oct. 21, 2015.Andrew Burton | Getty ImagesFerrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker's new electric vehicle will offer drivers the same "unique" experience as its historic combustion engines.The Italian company is launching its first fully electric vehicle in the final quarter of 2025 and will open a new production site in Maranello, Italy, in June to manufacture…

Luxury Stocks Hit by Kering Warning

Shares in European luxury stocks fell after Kering warned of weaker first-quarter revenue due to a steep sales drop at Gucci, raising concerns about demand in Asia-Pacific. Shares in European luxury stocks fell after Kering warned of weaker first-quarter revenue due to a steep sales drop at Gucci, raising concerns about demand in Asia-Pacific. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the…

Zomato CEO Deepinder Goyal Adds India’s First Aston Martin DB12 Sportscar To His Luxury Collection

Last Updated: March 13, 2024, 15:45 ISTZomato CEO Deepinder Goyal Adds India’s First Aston Martin DB12 Sportscar To His Luxury Collection. (Photo: Cartoq)Months after the launch of Aston Martin DB12, the supercar, priced at Rs 4.59 crore (ex-showroom), has been owned by none other than the Zomato CEO, Deepinder Goyal.The British supercar manufacturer Aston Martin launched the groundbreaking GT car, the DB12, in India in September 2023.Months after its launch, the supercar, priced at Rs 4.59 crore (ex-showroom), has been…

This luxury ‘smart’ nugget ice maker is on sale for $459 – and it’s worth it

Artie Beaty/ZDNETWhat's the deal?The GE Profile Opal 2.0 nugget ice maker is on sale for $459 (in the stainless steel color) as part of Amazon's Big Spring Saleis a smart kitchen appliance that sells for $579, though it's been on sale lately at select retailers.If you want those satisfyingly munchable ice pellets often served at fast food restaurants, this machine will do the trick. It's also operable via a mobile app.It's pricey, especially given what it is, but I've found the machine well worth the

First luxury meal in space will help kick off space tourism

SpaceX has already shared plans to fly people around the Earth, and the entire idea of space tourism is expected to become huge as technology makes getting to space easier and more affordable. But, if you don’t care about affordability, you can take part in the first luxury meal in space, which is expected to happen sometime next year.The trip up to the edge of Earth’s atmosphere for a Michelin-starred dinner is coming thanks to a partnership between luxury space travel company SpaceVIP and acclaimed chef Rasmus…

Porsche warns of fall in profitability but hikes dividend on strong 2023 results

The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit.The German luxury automaker said it expects an operating return on sales of between 15% and 17% in 2024, down from the 18% margin notched in 2023 and 2022. In the long term, the group targets an operating return on sales of more…