ZURICH, Sept 3- A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices. Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception, the 619- foot vessel eventually became part of the fleet of ships used by Swiss company...» Read More
An Australian millionaire made headlines recently by giving $50 million to Australian National University. His reason? To keep it away from his kids.
One way to look at the stock market is that it's a giant wealth creation machine, reports CNBC's Robert Frank. Art Hogan, Lazard Capital Markets; and CNBC's Michelle Caruso-Cabrera & Brian Shactman, weigh in.
Giving in the United States grew by a scant two percent in 2012, the slowest since the depths of the financial crisis in 2009.
A new survey from Spectrem Group finds that only 20 percent of affluent and wealthy investors agree that "money can buy happiness."
With the Dow breaching 14,000, investors have recovered the more than $8 trillion in wealth lost during the recession and millionaires are more numerous and more confident than they've ever been.
With 82 percent of all directly owned stocks in the United States in the hands of the wealthiest five percent of Americans, the gains from the recent stock market surge will go almost entirely to those who are already rich.
Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?
More than 1,000 private jets are expected to fly into New Orleans this weekend, just under last year's tally of around 1,100 planes in Indianapolis – one of the biggest ever.
Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
In New York, gallery art sales or auctions are estimated at $8 billion. CNBC's Robert Frank reports on questions over a bidding for a chandelier.
Charities worried that higher tax rates would leave less money for donations. But, as Robert Frank reports, it's not turning out that way. (1:42)
There's a "50-50 chance" that Dell would be taken private — private equity billionaire Wilbur Ross told CNBC Tuesday, in reaction to reports that the computer maker is in talks with PE firms about a potential $20 billion-plus buyout.
15 Central Park West is one of the most exclusive buildings in Manhattan. It's been home to stars like Denzel Washington, A-Rod and Sting. In this new episode, Dolly takes a former NHL star to tour a $35,000,000 apartment in the iconic building.
Discussing the "fiscal cliff" deal, with Thomas Peterffy, Interactive Brokers founder & CEO. "As a result of the tax increases, we are going to collect substantially less revenues than we thought," he says.
CNBC's Robert Frank reports on the hottest new toy for the very wealthy: your very own personal submarine.
A new Pew Research survey finds that the debate over the wealth gap has calmed slightly, despite a divisive election.
CNBC's Robert Frank reports on the great paradox facing millionaire parents: how to avoid spoiling their wealthy children.
Dish Network has made an unsolicited offer to buy Clearwire for about $2.28 billion, trumping an offer by Clearwire shareholder Sprint Nextel and potentially interfering with Softbank plan to take a majority stake in Sprint.
CNBC's Robert Frank reports more than a dozen Americans have paid more than a million dollars for the much-hyped super car.
Subtract the Oracle of Omaha's charitable donations for this past year, and the total of the top 15 donors would be far less than last year’s $2.6 billion.