Singapore and Hong Kong are the most expensive cities for the ultra-rich to spend their millions

Tech Insider : Economy
A woman takes pictures of the skyline of buildings from Mont Faber hill in Singapore on October 25, 2023.
Singapore is the most expensive city for high-net-worth individuals, according to a new report by Swiss bank Julius Baer.

Roslan Rahman/Getty Images

Chinese shoppers are so obsessed with LVMH that some people asked the CEO to bless their babies

Tech Insider
Bernard Arnault
Bernard Arnault and his company LVMH have a big fanbase in China.

ERIC PIERMONT/AFP/Getty Images

The global spike in luxury handbags, shoes, and clothing sales could be coming to an end due in part to China's 'luxury shaming,' study finds

Tech Insider : Economy, Economy
luxury goods clothes shoes
Worldwide sales growth of luxury goods is expected to slow in 2024, per a Bain Consultancy report.

filadendron/Getty Images

The luxury conglomerate behind Cartier is beating LVMH at its own game

Tech Insider
Photo collage featuring a tag with the Richemont logo, jewelry from Cartier (Trinity ring and Love bracelet), and a Van Cleef Vintage Alhambra pendant
Richemont, the conglomerate that owns brands like Cartier and Van Cleef & Arpels, has been heating up the luxury space.

Richemont; Cartier; Van Cleef; Alyssa Powell/BI

I took a $195 luxury bus from the Hamptons to NYC, and the high-end freebies I got on board were worth more than my ticket

Tech Insider : Travel, Travel
exerior shot of the hamptons streamliner bus
Hamptons Streamliner is a new luxury bus offering.

Elizabeth Blasi

Inside a 5-star hotel in Panama City's richest neighborhood, complete with 2 infinity pools and a Louis Vuitton-inspired speakeasy

Tech Insider : Travel, Travel
The author at the JW Marriott Panama.
The author at the JW Marriott Panama.

Monica Humphries/Business Insider

Luxury tycoon Bernard Arnault just put one of his sons in charge of an LVMH holding company

Tech Insider
Delphine Arnault with her brothers and Bernard Arnault sit front row at a fashion show
Alexandre Arnault, Antoine Arnault and Delphine Arnault with their father Bernard.

Vianney Le Caer/AP

Why lifestyle creep can cause HIFIs to spend 'every cent they make,' according to a financial planner

Tech Insider : Economy, Economy
Three friends hold cocktails together in a toast at the bow of a sailboat facing dark blue water
HIFIs — high income, financially insecure — spend their paychecks on lifestyle and leisure at the expense of their savings accounts.

Yana Iskayeva/Getty Images

You can now live at the luxury Utah desert resort loved by celebs like Ivanka Trump and Kylie Jenner — but it's up to $12.5 million just for a lot

Tech Insider
Hoodoos and rock formations desert landscape Amangiri resort. in Canyon Point, UT, United States
The desert landscape near Amangiri resort in Canyon Point, Utah.

Cavan Images/Getty Images

A Texas HIFI couple made $200,000 last year. Their budget for vacations and restaurants keeps shrinking despite 'making more money than ever.'

Tech Insider : Economy, Economy, Travel
Couple listening to music at a concert
HIFIs — people who are high income, financially insecure — often earn six figures but struggle to afford their growing cost of living. The subject of the story is not pictured.

Klaus Vedfelt / Getty Images

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