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2 mins read

Superyacht sales surge thanks to wealthy Americans amid Russian oligarchs' retreat

A total of 203 superyachts were sold globally in 2023 — a 17% drop from last year, according to the…

Geoff Weiss   


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2 mins read

Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ

One client includes a Russian-linked billionaire who was sanctioned by the UK, the Wall Street Jour…

Lloyd Lee   


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3 mins read

Putin is ready to squeeze Russia's outrageously wealthy elite to fund a future war with NATO, analysts say

The Russian president is signaling that the country's wealthy will have to give more as he plans a …

Tom Porter   


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1 min read

Judges just unsanctioned 2 Russian oligarchs worth almost $20 billion

A top European court found there was insufficient evidence that Mikhail Fridman and Petr Aven had b…

George Glover   


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2 mins read

A wealthy Russian businessman claims the UK detained his $50 million superyacht to look 'tough'

The UK detained the 192-foot Phi last March. Its owner, who isn't sanctioned, now wants to move the…

Grace Dean   


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6 mins read

I was in Moscow the day Putin invaded Ukraine, and some Russians were in tears

Cameron Manley was in Moscow the day Vladimir Putin declared war on Ukraine. It was a strange and u…

Cameron Manley   


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1 min read

A superyacht's crew prepared fresh lobster for its wealthy owner every day despite not knowing if he was on board, worker says

A member of a superyacht crew also told The Times of London that one owner had his bar stools made …

Zahra Tayeb   


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2 mins read

Rich Russians appear to be deserting luxury Alpine ski resorts where chalets can cost $250,000 a week to rent

A chalet rental operator told Insider of a Russian family that left mid-stay after war broke out, a…

Zahra Tayeb   


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1 min read

A superyacht captain says wealthy Russians made employees take lie detector tests to prove they've kept information confidential, a report says

A person who worked at sea for 15 years for well-off Russians told The Guardian employees were also…

Zahra Tayeb   


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1 min read

A superyacht maker said Russian buyers have incredible standards and request designs with tropical wood and exclusive leathers

A Dutch designer of Russian oligarchs' superyachts told the FT the crafting of the ships has to be …

Zahra Tayeb   


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1 min read

A superyacht's crew dressed in designer clothes that were thrown away by its owner after he wore them once, worker says

"Gleeful crew" aboard his yacht were "scrubbing decks dressed in Armani cashmere jumpers," the supe…

Zahra Tayeb   


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2 mins read

Wealthy Russians have parked their money in 'ghost condos' all over a Miami neighborhood

A "ghost condo" might also be called a pied-à-tierre. No one really lives in them, but it's a way t…

Hillary Hoffower   


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1 min read

I stayed in a Trump resort popular with wealthy Russians, and it made me rethink what luxury means

While I didn't have access to the residential Trump Towers, I was able to stay two nights in the Tr…

Hillary Hoffower   


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2 mins read

Seizing Russian oligarchs' luxury real estate in the US would actually be a massive legal headache

From condos to yachts, seizing the assets of the Russian elite isn't as easy as it sounds when olig…

Hillary Hoffower   


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2 mins read

US intelligence officials believe a $700 million superyacht that's docked in Italy could belong to Russian President Vladimir Putin, reports say

US officials have not yet concluded who owns the superyacht but said they found initial indications…

Zahra Tayeb   


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2 mins read

Zahra Tayeb   


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5 mins read

Russian oligarchs: Who they are, why they're so wealthy, why they've been sanctioned, and how they've responded

Russia's oligarchs have seen their yachts, private jets, and luxury property detained under Western…

Kate Duffy,Grace Dean   


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2 mins read

Wealthy Russians are snapping up jewelry and luxury goods as the ruble crumbles

The Russian ruble has crashed to a record low after the invasion of Ukraine as sanctions bite.

Huileng Tan   


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1 min read

The EU wants to make it easier to seize wealthy Russian oligarchs' yachts, jets, and properties

Proceeds from sanctioned Russian oligarchs' assets would be sent to Ukraine, an EU justice commissi…

Kate Duffy   


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1 min read

Judge rules US investors can now sue Deutsche Bank over its links to ultra-wealthy, high-risk clients such as Russian oligarchs and Jeffrey Epstein

US investors allege that Deutsche Bank ignored "obvious red flags" when vetting Russian oligarchs a…

Hannah Towey