Robert FrankVerified account

@robtfrank

CNBC Wealth Reporter, Best-selling author of “Richistan.”

New York
cnbc.com/robert-frank/
Joined July 2009
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  1. Retweeted
    Apr 23

    Reports of a possible hike in the capital gains tax to the highest in U.S. history striking fears in the market. explains potential impact on investors:

    36 replies 14 retweets 54 likes
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  2. Apr 22

    Under Biden’s tax plan, top earners in New York City would pay a combined marginal tax rate on capital gains of 58.2%. In California, 56.7%, from .

    28 replies 31 retweets 58 likes
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  3. Apr 22

    The $2 million summer rental in the Hamptons works out to $20,400 per day or $850 per hour — for the whole summer. Not including utilities or pool costs.

    1 like
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  4. Apr 22

    “This is a whole new level of wealth we’re seeing right now. Even for the Hamptons.”

    15 replies 43 retweets 89 likes
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  5. Retweeted
    Apr 20

    If you own a home in the U.S. you probably saw your property taxes jump reports:

    4 replies 7 retweets 18 likes
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  6. Apr 20

    Luxury companies are content companies now. Ferrari names former Top Gear editorial chief Charlie Turner as Chief Content Officer to make the company a “world class content creator.”

    1 reply 4 retweets 16 likes
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  7. Apr 19

    One third of all billionaire wealth gains since 1990 came during the pandemic — $1.7 trillion

    2 replies 10 retweets 21 likes
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  8. Apr 19

    There were 47 contracts signed last week for Manhattan apartments over $4 million — extending a record-breaking streak, Either the rich aren’t leaving, or they’re all buying pieds-a-terre.

    2 replies 3 retweets 17 likes
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  9. Retweeted
    Apr 16

    President Biden wants to hike the corporate tax rate. crunched the numbers and if you add the state taxes, the average rate would be 32%, the highest in the world for companies.

    25 replies 5 retweets 24 likes
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  10. Retweeted
    Apr 15

    . reports on how the real estate market in Florida could be signaling a possible slowdown as supply fails to meet the demand for houses.

    Brokers warn Florida real estate market is overheated
    CNBC's Robert Frank reports on how the real estate market in Florida could be signaling a possible slowdown as supply fails to meet the demand for houses.
    6 replies 9 retweets 21 likes
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  11. Apr 14

    IRS chief says the crypto world is “replicating itself” with NFTs, which are made to be “invisible” to tax authorities. Estimates crypto tax avoidance is big driver of $1 trillion in uncollected taxes each year.

    2 likes
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  12. Apr 13

    LVMH has blow-out quarter, sales up 32% to Euros 14 billion, as the world’s wealthy spend again. Fashion and leather good led gains, with Lady Dior bag, Capucines and new Hedi Slimane designs at Celine.

    2 replies 6 likes
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  13. Apr 13

    sales top $2 billion in first quarter, . If you include the $69 million Beeple and $472 million from NBA Top Shots, total is $2.5 billion+.

    6 replies 15 retweets 32 likes
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  14. Retweeted
    Apr 12

    A provision in the New York state budget provides a workaround to the SALT deduction cap...but just for hedge funds and other partnerships. reports:

    4 replies 14 retweets 18 likes
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  15. Apr 8

    Rolls-Royce just had its best quarter in its entire 116-year history. The rich are richer — and they’re spending.

    5 replies 11 retweets 22 likes
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  16. Retweeted
    Apr 8

    Prices for are down significantly from their February peaks. on if this is just a breather...or sign of a bubble that's burst:

    7 replies 11 retweets 27 likes
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  17. Retweeted
    Apr 7

    Jamie Dimon slams state and local tax repeal as a benefit to the rich. More from :

    5 replies 4 retweets 21 likes
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  18. Retweeted
    Apr 7

    The biggest losers from President Biden's tax plan might be big tech and pharma companies because of what the proposal does to overseas profits. has the details on how U.S. companies could be put at a global disadvantage:

    12 replies 11 retweets 27 likes
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  19. Apr 6

    “The rich have probably reached the zenith of their power in New York in the last 30 years”

    1 reply 1 like
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  20. Apr 6

    Forbes declares Kim Kardashian a billionaire, thanks to KKW Beauty and Skims, which she launched in 2019 and is now estimated at $500m.

    1 reply 1 retweet 4 likes
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