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This is how the world's richest people spend their money

Wed, 10/01/2025 - 05:49

Tech Insider : Business, Economy

A couple walk with Hermes shopping bags as they leave a Hermes store in Paris, France, March 21, 2013. REUTERS/Philippe Wojazer/File Photo — The ultrawealthy spend more than $100 billion on personal goods, like jewelry, watches, and furniture.
Thomson Reuters

Retail, Luxury, ultra-wealthy, Billionaires, hermes, Yachts, private-jets

Hermès overtakes Bernard Arnault's LVMH to become France's most valuable company

Tue, 04/15/2025 - 06:41

Tech Insider : Business

bernard arnault — Bernard Arnault is CEO of LVMH.
Reuters

Retail, LVMH, hermes, Luxury, Stock, Shares, Paris

I used to work at Hermès. I saw customers make the same 5 mistakes — especially when trying to get a coveted Birkin.

Fri, 01/03/2025 - 12:43

Tech Insider : Business

Exterior of an Hermes store with a gold design on the door and gold plaques on the storefront next to the door — I used to work at Hermès and saw customers make the same mistakes over and over again.
Cristina Arias/Getty Images

Retail, Retail, Shopping, purse, Luxury, aspirational-luxury, hermes

The Walmart 'Birkin' dupe is having a moment. These are the luxury handbags most likely to be faked.

Tue, 12/31/2024 - 13:22

Tech Insider : Business, Style

Hermès Kelly bag — Kelly bags by Hermès are a coveted second-hand purchase — and are also commonly ripped off.
Edward Berthelot/Getty Images

Retail, Luxury, secondhand, hermes, birkin-bags, gucci, louis-vuitton

The Waltons are once again the world's wealthiest family, beating out Gulf royalty and fashion dynasties

Fri, 12/13/2024 - 09:03

Tech Insider : Business

Alice Walton (Jim out of focus) — Alice Walton (Jim out of focus)
REUTERS/Rick Wilking

finance, trending-uk, finance, the-waltons, walton-family, jim-walton, alice-walton

These are the telltale signs of a fake Hermès Birkin, according to a vintage luxury expert with 20 years of experience

Mon, 10/28/2024 - 20:45

Tech Insider

A dark red-orange Hermes Birkin leather bag. — A dark red-orange Hermès Birkin leather bag.
Edward Berthelot/Getty Images

Retail, as-told-to, hermes, hermes-birkin, luxury-handbags

There's more to China's luxury spending slump than its struggling economy

Sat, 10/19/2024 - 08:46

Tech Insider

A Chinese flag curtain closes on luxury bags — Demand for luxury goods in China is slowing.
Hermes; Louis Vuitton; Getty Images; Chelsea Jia Feng/BI

Retail, China, luxury-market, luxury-brands, chinese-millennials, china-government, LVMH

Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide

Tue, 10/08/2024 - 07:43

Tech Insider

bernard arnault — LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.
Reuters

finance, Retail, trending-uk, finance, Retail, LVMH, bernard-arnault

The Hermès heir who planned to leave billions to his gardener now says his fortune is gone

Wed, 07/31/2024 - 09:35

Tech Insider

People walking past an Hermès storefront. — An Hermès storefront in Hong Kong.
SOPA Images/Getty Images

Retail, hermes, Inheritance

Two luxury companies are selling big to Japanese buyers, not just to tourists taking advantage of the cheaper yen

Wed, 07/31/2024 - 05:22

Tech Insider

Japan Prada — Prada Group saw a jump in Japan's sales from local customers, amid a spike in Chinese tourist luxury sales.
Budrul Chukrut/Getty Images

Retail, Japan, prada, LVMH, hermes, luxury-spending

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