Category Archives: UHNWI

Richest 1% have almost a quarter of UK wealth, study claims

Almost a quarter of all household wealth in the UK is held by the richest 1% of the population, according to alarming new research that reveals a historic underestimation of inequality in the country. The study found that the top 1% had almost £800bn more wealth than suggested by official statistics, meaning that inequality has […]

Tesla Boss Elon Musk Sells Four Los Angeles Homes in $60 Million Deal

Tech billionaire Elon Musk is making good on his promise to “own no home”—an out-of-the-blue pledge he made in the spring—selling a handful of Los Angeles properties last week for upward of $60 million. The Tesla boss, 49, has parted with four homes, according to listing records and sources. All are now part of the […]

Beverly Hills Home of Late Fashion Designer David Hayes Sells for $4.2 Million

The Los Angeles home of late fashion designer David Hayes, who famously dressed former First Lady Nancy Reagan, sold on Wednesday for $4.26 million. Located in Beverly Hills, the three-bedroom, five-bathroom residence was originally listed in September for $5.9 million, according to listing records. The house was designed by architect Bob Ray Offenhauser specifically for […]

Jeff Bezos, Jeffrey Katzenberg and David Geffen Led 2020’s Biggest Real-Estate Deals

Many U.S. billionaires got richer during the pandemic, thanks in part to the recovery of global stock markets. It’s perhaps unsurprising then that, while individual markets were impacted to dramatically different degrees, the ultra-high end of the real-estate market didn’t crash in 2020 as a result of the Covid-19 crisis. While the New York City […]

Michael Jackson: Neverland Ranch ‘sold to billionaire for $22m’

The Neverland ranch of the late pop star Michael Jackson has reportedly been sold to a billionaire investor for a quarter of its initial asking price. Ron Burkle, a former friend of Jackson, recently bought the estate in Los Olivos, California, his spokesman said. He paid $22m (£16.2m) for Neverland, the Wall Street Journal reported, citing […]

For $50 Million, One Buyer Will Receive an Aston Martin-Designed Penthouse and a Vulcan Hypercar

The newest ultra-luxury waterfront address in downtown Miami is 300 Biscayne Boulevard Way, home to what will be the tallest residential building south of New York City when it’s completed in 2022. The 60-story Aston Martin Residences will have 391 residences, 38 of which are designated US$6 million “01” apartments for the full Aston Martin […]

$160 Million Beverly Hills Mansion Heads to Auction in January

The auction of Villa Firenze, a mansion in Beverly Hills, California, once asking $165 million, will take place over eight days beginning Jan. 26, according to Concierge Auctions, which is handling the sale.  The 13-bedroom Italian palazzo-style mansion and surrounding 9.87-acre estate in the ultra-affluent, guard-gated Beverly Park community is likely to be the most […]