The billionaire gift guide: What the world's wealthiest are giving each other

Tech Insider : Travel
Photo collage of a dollar sign topping a christmas tree.
The uberrich celebrate the holidays just like the rest of us. But from Hermès bags to hours on a private jet, their gifts are a little different.

Tetra Images/Getty Images; Jenny Chang-Rodriguez/BI

Russia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealth

Tech Insider : Economy, Politics, Economy
St. Basil's Cathedral in Moscow, Russia.
The number of Russian millionaires rose by about 56,000 last year, a new report by UBS indicated.

Poca Wander/Getty Images

The kids I tutor attend schools with $50k tuition and summer in the Hamptons. Their parents still often forget to pay me on time.

Tech Insider
Photo from above of kids and a woman sitting around a table. Their heads are visible but not their faces. The woman is at the head and has dyed blonde hair with dark roots and wears glasses. She is typing on a computer and writing in a notebook with her right hand. To her left is a cell phone resting on a black notebook and behind her computer is a pencil case filled with colored pencils.

A childless descendent of the Hermès founder is planning to leave half his $12 billion fortune to his former gardener and handyman, report says

Tech Insider
Heart Evangelista wears a green shiny crocodile leather Kelly Hermes bag, during a street style fashion photo session, on December 02, 2023 in Manila, Philippines.

Edward Berthelot/Getty Images

I've spent the past decade tutoring old money families in Hong Kong. There are 3 things I've learned about the world of big money in Asia.

Tech Insider
Jerome Barty-Taylor, 35, is the owner of a private education company in Hong Kong.
Jerome Barty-Taylor, 35, is the owner of a private education company in Hong Kong.

Jerome Barty-Taylor

The world's wealthiest families got $1.5 trillion richer in 2023, with Hermès' owners and the rulers of Abu Dhabi leading the way

Tech Insider : Economy, Economy
hermes
The owners of French luxury fashion house Hermès added $56 billion worth of wealth in 2023, according to Bloomberg.

Kate Taylor

99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says

Tech Insider : Economy, Economy
Shoppers at Bryant Park's Winter Village shopping area in Manhattan, New York.
Shoppers at Bryant Park's Winter Village shopping area in Manhattan, New York.

Lindsey Nicholson/Getty Images

Gen Z is opting out of working for the man. One out of 3 say they want to work for themselves instead.

Tech Insider
young. woman working on a laptop in a coffee shop
A new survey says 1 out of 3 Gen Z'ers believe that self-employment is the best way to achieve wealth.

Tom Werner

Why millennials say they need $525,000 a year to be happy

Tech Insider : Economy, Politics, Economy
Woman window shopping
Millennials said they need to earn $525,000 a year to be happy in a recent survey.

Oscar Wong/GettyImages

Billionaire heirs are getting richer than entrepreneurs as old money prevails amid IPO chill

Tech Insider
Jeremy Strong, Sarah Snook, and Kieran Culkin on season four of
Jeremy Strong, Sarah Snook, and Kieran Culkin on season four of "Succession."

Claudette Barius/HBO

Subscribe to Wealth