Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...» Read More
"Penta-millionaires," those worth $5 million or more, are happier than the merely rich, a new study shows.
New York State's coffers are up $1.6 billion over last year, but the increase is due mostly to the wealthy shifting income into 2012 to avoid higher 2013 taxes.
The richest Americans pay to influence U.S. policy toward cost cutting to benefit themselves, said a new study. But they could also be doing the right thing for the economy.
Wealthy Chinese are buying more luxury goods — just not at home. Here's where they're spending their money.
Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.
DataDirect CEO Alex Bouzari discusses the cloud computing industry, and what he has planned for his business this year.
Dennis Tito, who paid a reported $20 million for a ride on a Russian spacecraft, is said to be backing a privately funded, possibly manned, shot at Mars.
Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats.
Mark Zuckerberg, Sergey Brin and Yuri Milner are teaming up to create the biggest award for real-life science research. CNBC's Jon Fortt has the details.
Mark Zuckerberg, Sergey Brin and Yuri Milner are launching a new foundation with designs on the Nobel Prizes, with CNBC's Jon Fortt.
Harvard leads all universities with some 52 billionaire alumni with a collective fortune of $205 billion, according to a global list of universities.
Billionaire investor Dan Loeb is trimming back his position in Herbalife, reports CNBC's Scott Wapner.
American millionaires say they are better off than they were at their 2007 peak.
Mystery surrounded the appearance of Russian billionaire Roman Abramovich's 533-foot yacht, Eclipse, at a berth in mid-town Manhattan.
CNBC's Robert Frank reports that the world's largest private yacht, owned by a reclusive Russian billionaire, is docked in Manhattan. The question is why? (1:44)
As Chinese tourists travel abroad for New Year this week, they will show why the Chinese consumer is considered the top spender in luxury worldwide.
Three of the top five on the Chronicle of Philanthropy's 2012 list of Most Generous Donors are under 40 – the largest number of young donors at the top ever.
Three of Dell's largest investors joined Southeastern Asset Management on Friday in objecting to a $24.4 billion buyout of the No. 3 PC maker led by Chief Executive Michael Dell, sources said, as opposition grows to the largest buyout since the start of the financial crisis.
Penny Pritzker, a possible nominee for commerce secretary, has never been comfortable with the title "billionaire." Her wealth could also be an odd fit in the Obama White House.
Weathering Europe's economic storm, London auctions this week netted more than $440 million as bidders snapped up high-profile works by Picasso, Modigliani, and Morisot.