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Josh Spero

Wealth editor

Josh Spero reports on all aspects of the world of the wealthy, from family offices and investment to philanthropy and the art market, and edits FT Wealth magazine. Previously he was associate arts editor, associate editor of FT Weekend magazine, transport correspondent and deputy editor of Special Reports, as well as opinion editor of Nikkei Asia, based in Tokyo on a one-year secondment.
Email Josh Spero @joshspero.ft.com  on Bluesky (link opens in a new browser window)
  • Sunday, 3 May, 2026
    UK tax
    Iran war accelerates ‘Regrexit’ as wealthy UK expats weigh a return

    Non-doms also blame difficulties on adjusting to new lifestyles and marital problems while living in low-tax jurisdictions

    People cross a street in Dubai’s Business Bay financial district, surrounded by modern skyscrapers and traffic lights.
  • Tuesday, 28 April, 2026
    Menswear
    What mending a suit taught me about masculinity

    If business wear is a way of projecting success and power, what does a visible repair suggest?

    Josh Spero stands in VV Rouleaux, wearing a blue suit, surrounded by rolls of ribbons and decorative trims.
  • Tuesday, 21 April, 2026
    Sotheby's Inc
    Sotheby’s strikes $100mn debt deal with KKR backed by auction fees

    Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi

    Andy Warhol's ‘Shot Orange Marilyn’ (1964) displayed on a gallery wall at Sotheby's, with visitors viewing nearby artwork.
  • Thursday, 16 April, 2026
    Sotheby's Inc
    Sotheby’s achieves $53mn profit after years of losses

    Auction house benefits from improved sales as art market returns to growth

    A woman films an art handler standing in front of Gustav Klimt's "Portrait of Elisabeth Lederer" during a Sotheby's press preview.
  • Tuesday, 14 April, 2026
    Family offices
    Geopolitical upheaval spurs family offices to open global branches

    US tariffs and Iran war cited among motivations for the rich to spread risk

    People cross a street in Dubai’s Business Bay financial district, with modern skyscrapers and the Burj Khalifa visible in the background.
  • Monday, 13 April, 2026
    UK tax
    Reeves tells Gulf expats: come to ‘safe harbour’ Britain

    UK chancellor is set to review tax rules that hit mobile professionals who are paid by foreign companies

    Rachel Reeves smiles while standing outside 11 Downing Street before presenting the Spring Forecast to parliament
  • Monday, 13 April, 2026
    Sotheby's Inc
    Sotheby’s offers to pay sellers interest as art market struggles

    Patrick Drahi-owned auction house contends with heavy debt burden in shrinking market

    Two men in white shirts and blue aprons lift on to a wall a large painting of a woman in a nurse’s uniform against a red background
  • Friday, 3 April, 2026
    Music
    Interview. Bastard Assignments — a rude awakening for classical music

    The group of composers has devised an experimental twist on ‘Hamlet’ for their debut show at London’s Wigmore Hall

    Four members of Bastard Assignments pose indoors, some barefoot and in costume, seated and standing near green velvet curtains.
  • Friday, 27 March, 2026
    FT Wealth: March
    Lessons for rich families from a private banker

    The secret to sustaining generational wealth isn’t financial wizardry but long-term character

    Josh Spero
    An old man with a moustache checks documents at a desk covered with papers and files at Hoare’s Bank.
  • Tuesday, 24 March, 2026
    Millennium Management LLC
    Hedge fund Millennium explores shifting Dubai staff to Jersey

    Multi-manager firm weighs destinations after requests from staff to relocate

    Damaged exterior of a Dubai International Financial Centre building, with shattered windows and debris after a drone interception.
  • Sunday, 22 March, 2026
    FT live news
    Middle East war day 23 as it happened: Iran threatens ‘vital’ infrastructure in response to Trump ultimatum

    Oil price rises at Asia open after Washington and Tehran warn of tit-for-tat attacks

  • Friday, 20 March, 2026
    Marriage and divorce
    Divorced parents cite Middle East war to break custody deals, lawyers say

    Divorced couples use war in Gulf as ‘opportunistic’ reason to break custody agreements, say lawyers

    Thick black smoke rises into the sky near Dubai International Airport, with cars driving on a nearby road under a highway sign for airport terminals.
  • Wednesday, 18 March, 2026
    Middle East war
    UAE set to show leniency on tax rules for expats leaving to avoid Iran war

    Move would be particularly important for Dubai, which has attracted wealthy individuals with its zero income tax rate

    Pedestrians cross a busy intersection in Dubai's Business Bay district, with modern skyscrapers and the Burj Khalifa in the background.
  • Friday, 13 March, 2026
    St Kitts and Nevis
    Bitcoin investor offers Nevis residents $100 a month if libertarian city approved

    Olivier Janssens accused of ‘public bribes’ with offer to locals as his development awaits final government approval

    Four people walk and smile together on a palm-lined path in front of modern, wood-clad buildings with large windows in a tropical CGI architectural rendering.
  • Thursday, 5 March, 2026
    Middle East war
    Wealthy Dubai residents race back to UAE to avoid tax bills

    Some risk spending too few days in the emirate and too many in the UK

    A man talks on a phone while crossing a street in Dubai’s Business Bay district
  • Saturday, 28 February, 2026
    Yachts & Marinas
    Impounded Russia-linked yachts lose €580mn in value

    Vessels in European ports deteriorate after being hit by sanctions

    The superyacht “Phi” is moored in Canary Wharf, surrounded by modern high-rise buildings.
  • Tuesday, 24 February, 2026
    Marriage and divorce
    Wealthy spouses are hiding crypto assets in divorce cases, say lawyers

    Digital currencies add new dimension to old problem of dividing up finances when couples split

    Physical representations of various cryptocurrencies, including Dogecoin, Ripple (XRP), Bitcoin, Tether (USDT), and Ethereum, shown together.
  • Friday, 6 February, 2026
    St Kitts and Nevis
    Bitcoin investor’s company helped draft law to enable libertarian Caribbean development

    Local opponents criticise legislation that will facilitate ‘networked state’ community and hand executive powers to developer

    A computer-generated rendering shows people walking along a lush, landscaped terrace overlooking pools and greenery, with the ocean in the background.
  • Wednesday, 4 February, 2026
    Jeffrey Epstein
    Alphaville. Epstein files show art market financialisation in full flow

    A Black mark on ‘Château Noir’

  • Tuesday, 3 February, 2026
    Law
    Arbitration for divorces in England and Wales doubles in two years

    Couples who split up increasingly seek to reach financial settlement outside overburdened court system

    Image shows silhouette of a couple arguing against a blue backdrop
  • Friday, 23 January, 2026
    Retail & Consumer industry
    Rothschilds join the ranks of the super-rich buying up British pubs

    A growing number of wealthy UK residents are investing in country establishments

    Montage shows Lady Loretta Rothschild against a photograph of the Seven Stars Inn with a backdrop of pound notes
  • Friday, 9 January, 2026
    Family offices
    High costs and family fallouts prompt wealthy to close investment offices

    Number of private wealth-management companies for rich individuals has grown in the US over the past decade

    Steam rises from Manhattan buildings at sunrise as the George Washington Bridge is silhouetted in the foreground.
  • Thursday, 8 January, 2026
    Bonhams 1793 Ltd
    Bonhams loss almost doubled to £213mn as art market slumped

    UK-based auction house took hefty impairment charges and posted lower revenues for 2024

    A staff member looks at Sara Pope's artwork "Scarlet Fever (Unique)", depicting large glossy red lips, at Bonhams auction house.
  • Tuesday, 6 January, 2026
    The Art Market
    Defaults on art-backed loans soar in struggling market

    Decline triggers return of ‘loan-to-own’ lenders aiming to take control of pieces cheaply through defaults

    An illustration showing ornate gold frames displaying images of US currency, including close-ups of banknotes and currency symbols, referencing art market investment and sales
  • Sunday, 4 January, 2026
    Diamonds and gemstones
    Botswana pitches ‘golden passport’ scheme as diamond sales fall

    Foreigners would pay up to $100,000 for citizenship under the proposal

    A hand holds a Botswana passport on the left, with a De Beers diamond pictured on the right, overlaid on U.S. dollar bills.
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