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Millionaires & Billionaires Billionaires

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  • Cohen's SAC Capital said to gain 20% for year Tuesday, 31 Dec 2013 | 4:23 PM ET
    Steven A. Cohen

    Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.

  • Helicopter crash after $40 million vineyard purchase Monday, 23 Dec 2013 | 1:43 PM ET
    Helicopter crash after $40 million vineyard purchase

    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.

  • Meet the $1,250-an-hour tutor Thursday, 12 Dec 2013 | 12:04 PM ET
    Nathaniel Hannan

    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.

  • Latest billionaires of 'Giving Pledge' Tuesday, 10 Dec 2013 | 1:53 PM ET
    Latest billionaires of 'Giving Pledge'

    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.

  • A car sold for $100 million? It's likely by 2018 Monday, 9 Dec 2013 | 11:46 AM ET
    This 1967 Ferrari 275 GTB/4*S NART Spyder sold for $27.5 million in August.

    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.

  • The real facts about inequality Wednesday, 4 Dec 2013 | 12:37 PM ET
    A homeless woman stands in the street in New York.

    There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.

  • Think taxes chase away millionaires? Think again Wednesday, 27 Nov 2013 | 9:12 AM ET

    New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.

  • China's rich flee the country—with their fortunes Monday, 25 Nov 2013 | 5:20 PM ET

    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.

  • Thirst for pricey wine: $39,700 bottle sets record Monday, 25 Nov 2013 | 11:31 AM ET
    Romanée-Conti, vintage 1990

    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.

  • Auto auction: Zero to $62 million in 2 hours Friday, 22 Nov 2013 | 10:53 AM ET
    1964 Ferrari 250 LM sold for $14million during an auction at Sotherby's.

    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.

  • 'Stop bashing the rich,' says London's mayor Wednesday, 20 Nov 2013 | 12:06 PM ET
    London Mayor Boris Johnson

    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.

  • Berg: 'Huge' life sciences opportunity Tuesday, 19 Nov 2013 | 4:38 PM ET
    Berg: 'Huge' life sciences opportunity

    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.

  • And the country with the youngest billionaires is... Tuesday, 19 Nov 2013 | 9:04 AM ET

    China may not have the most billionaires, but it does have the youngest.

  • China has a word for its crass new rich Friday, 15 Nov 2013 | 12:32 PM ET

    China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.

  • Art collecting: A billionaire's hobby Thursday, 14 Nov 2013 | 5:20 AM ET
    Art collecting: A billionaire's hobby

    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 ditches worker ranking system Wednesday, 13 Nov 2013 | 1:51 PM ET
    Microsoft ditches worker ranking system

    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.

  • iBillionaire Index: Investing like a billionaire Wednesday, 13 Nov 2013 | 1:44 PM ET
    iBillionaire Index: Investing like a billionaire

    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.

  • iBillionaire Index launches today Wednesday, 13 Nov 2013 | 10:49 AM ET
    iBillionaire Index launches today

    The iBillionaire Index launches today, which is composed of the top 30 large cap equities listed on the S&P 500. iBillionaire co-founder Raul Moreno, provides insight.

  • The billionaire migration Tuesday, 12 Nov 2013 | 2:56 PM ET
    The billionaire migration

    CNBC's Robert Frank reports on the elusive billionaires club.

  • Inside the migratory habits of billionaires Tuesday, 12 Nov 2013 | 7:42 AM ET

    Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.