TORONTO, Aug 28- The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Avid Life Media announced on Friday that...» Read More
Nicholas Berggruen, Theworldpost.com, shares highlights from the World Economic Forum in Switzerland on global initiatives for the global economy.
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
A number of Time Warner Cable shareholders would support a merger with Charter Communications if Charter raises its current bid for the larger rival to $41 billion or more, according to people close to the matter.
Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.
Police are still searching for a Chinese billionaire and French winemaker after their helicopter went down in the Bordeaux region of France, reports CNBC's Robert Frank.
The world's millionaires and billionaires are seeking at-home teachers to help their children in the education race. For the tutors, it's a lucrative business.
CNBC's Robert Frank reports there are now 122 signers of the "Giving Pledge," which is a promise started by Bill Gates and Warren Buffett for billionaires to give away at least half of their wealth. Frank also provides insight into the mystery tipper.
U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.
There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.
New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.
It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.
A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.
Carl Berg, billionaire venture capitalist and co-founder, Berg and Berg, sees huge opportunities in life sciences. Berg Pharma has the opportunity to revolutionize health care by using biology to determine differences between a healthy and unhealthy person.
China may not have the most billionaires, but it does have the youngest.
China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.
Marion Maneker, publisher of Art Market Monitor, discusses the art market following a Sotheby's auction and says there's been a appreciation in the modern art market driven by an expansion in collectors and buyers.
Microsoft is eliminating its long-standing practice of evaluating employees on a bell curve in an effort to foster more team-work and collaboration. CNBC's Bob Pisani and Kayla Tausche weigh in on the company's new direction.
CNBC's Robert Frank breaks down the iBillionaire Index, which tracks 30 large cap equities in the S&P. The index is said to allow you to invest like billionaires do, but with limits.