WHAT’S UP
The week, distilled
UHNWI
At LVMH’s AGM, Bernard Arnault placed all five of his children in the spotlight, signaling a carefully managed display of unity as succession questions continue to loom over the group.
#familybusiness #succession #legacy #nextgen
INVESTMENT
Sergey Brin continues to deepen his focus on brain-related science by integrating Nexus NeuroTech Ventures into his family office, consolidating these investments within his broader platform.
#sfo #brainhealth #venturecapital
LIFESTYLE
The Wealth Migration Report highlights a historic acceleration in global wealth mobility, with a record 142,000 millionaires expected to relocate in 2025, revealing how private aviation routes are increasingly mirroring these flows, underscoring the emergence of a highly mobile, multi-residence global elite.
#privateaviation #wealthmigration #mobility
WEALTH MANAGEMENT
As traditional private banks raise entry thresholds, a growing gap is emerging for mass-affluent clients, creating an opportunity for new, tech-enabled banking models. The shift highlights a structural rethink of segmentation, where underserved clients between retail and private banking are becoming a key battleground.
#wealthtech #massaffluent #privatebanking
INVESTMENT
Despite a slight decline in sustainable investment allocations among private investors in 2025, the asset class remains viewed as a strong driver of financial returns and a key focus for 2026, with private markets continuing to dominate over liquid assets due to their longer-term investment horizon and exposure to innovation cycles.
#sustainability #privatemarkets #outlook
COLLECTIBLES
The transformation of trading cards into investable assets is not just about nostalgia. It reflects a broader shift where alternative assets, from collectibles to digital goods, are attracting real capital, new infrastructure, and regulatory attention. For investors, operators, and platforms, the opportunity is clear. So are the risks.
#assetclass #tradingcards #investmentrisks
WHAT’S THAT
This week’s visual clue.
Knight Frank - 2026 Wealth Report
The annual report underscores once again that global UHNW wealth continues to expand at a remarkable pace, with 713,626 individuals now in this segment in 2026 and dozens of new entrants reaching the $30 million threshold every day over the past five years. Rather than signaling saturation, this reflects a continued broadening of global wealth creation, alongside a subtle but important shift in how capital is being deployed. While markets are not shrinking, investors are becoming more deliberate about allocation, increasingly weighing lifestyle, access, and long-term preservation alongside pure financial return.
Within this evolving landscape, luxury and investment preferences are becoming more fluid and experiential, with mobility (e.g. jets, yachts, secondary residences) replacing static trophy ownership as the defining expression of wealth. In this context, vineyards stand out as a resilient and increasingly attractive alternative asset class: despite sector headwinds and declining consumption volumes, demand remains strong for high-quality, well-located estates.
WHAT’S ON
This week’s pick of entertainment
ATTEND
World Beautiful Business Forum
May 6th - 10th
Athens, Greece
Designed as an interdisciplinary experience that brings together leaders from business, technology, science, policy, and the arts to rethink the role of business in a fragmented, AI-driven world, the forum positions itself less as a traditional conference and more as an experiential “citywide festival” where ideas, culture, and dialogue merge to explore a more human and life-centered form of business.
ATTEND
Milken Global Conference Leading in a New Era
May 3th - 6th
Los Angeles, CA, USA
The Milken Institute Global Conference is a flagship annual gathering held in Los Angeles that convenes global leaders from business, finance, government, health, technology, and philanthropy to exchange ideas and drive cross-sector solutions on the major economic and societal challenges shaping the world, from AI and energy transition to global markets and innovation in health and private capital.
WHAT ELSE
Wealth, off duty.
The Stanford Freshmen Who Want to Rule the World - THE ATLANTIC
Can the Reinvented Delano Hotel Resuscitate South Beach? - NEW YORK TIMES
