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Millionaires & Billionaires Billionaires


  • Russian Billionaire's Mega-Yacht Makes Waves in NYC Thursday, 14 Feb 2013 | 4:38 PM ET
    'Eclipse' owned by Russian businessman Roman Abramovitch.

    Mystery surrounded the appearance of Russian billionaire Roman Abramovich's 533-foot yacht, Eclipse, at a berth in mid-town Manhattan.

  • Mega Yacht Making Waves Thursday, 14 Feb 2013 | 2:46 PM ET

    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)

  • Why Luxury Brands Are Celebrating China New Year Tuesday, 12 Feb 2013 | 9:30 AM ET
    The Year of the Snake.

    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.

  • Stars of 'Nerd Philanthropy' Dominate Top 50 Givers Monday, 11 Feb 2013 | 9:00 AM ET
    Mark Zuckerberg and Priscilla Chan

    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.

  • Is Obama Ready for a Billionaire in His Cabinet? Friday, 8 Feb 2013 | 2:18 PM ET
    Penny Pritzker

    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.

  • My Mansion's Worth What? Wealthy Fight Assessors Thursday, 7 Feb 2013 | 4:16 PM ET

    Long after the housing crash, wealthy homeowners are challenging what they perceive as overly high tax assessments of their properties.

  • New Dogfight Between Obama and Private Jet Industry Wednesday, 6 Feb 2013 | 1:52 PM ET

    Reprising his 2011 crusade, Barack Obama is calling again for eliminating "tax breaks for private jet owners," drawing criticism from the industry and opposing politicians alike.

  • Ackman Getting Better of Carl Icahn in Herbalife Feud Wednesday, 6 Feb 2013 | 11:21 AM ET
    Bill Ackman CEO of Pershing Square Capital Management LP.

    Shares of the nutritional-supplement company are down 20% since the hedge-fund managers duked it out on CNBC on Jan 25.

  • Wealth 'Poisons' Kids, Says Aussie Finance Tycoon Wednesday, 6 Feb 2013 | 10:44 AM ET
    Graham Tuckwell, Founder and Chairman of ETF Securities.

    An Australian millionaire made headlines recently by giving $50 million to Australian National University. His reason? To keep it away from his kids.

  • Wealth Boom is Back Tuesday, 5 Feb 2013 | 7:45 PM ET
    Wealth Boom is Back

    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.

  • Did 2013 Tax Hikes Slow Charitable Giving in 2012? Tuesday, 5 Feb 2013 | 11:41 AM ET

    Giving in the United States grew by a scant two percent in 2012, the slowest since the depths of the financial crisis in 2009.

  • Who Says Money Doesn't Buy Happiness? Monday, 4 Feb 2013 | 10:50 AM ET

    A new survey from Spectrem Group finds that only 20 percent of affluent and wealthy investors agree that "money can buy happiness."

  • And We're Back! Dow 14,000 Fuels a New Wealth Boom Friday, 1 Feb 2013 | 11:22 AM ET

    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.

  • Why the Wealthiest Benefit Most From Dow 14,000 Friday, 1 Feb 2013 | 11:18 AM ET

    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.

  • The Five Highest Tax States for the Highest Earners Thursday, 31 Jan 2013 | 4:13 PM ET
    New Jersey Gov. Chris Christie struggles to balance his budget despite taxing his wealthiest citizens at one of the highest rates in the nation

    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?

  • Bowl-Bound Jets Stock Up on Dom Perignon and Wings Thursday, 31 Jan 2013 | 2:30 PM ET

    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 Tycoon Wins Control of Fraser and Neave Wednesday, 30 Jan 2013 | 7:48 PM ET
    Range of Fraser & Neave Ltd. (F&N) products

    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.

  • Art Auction Oversight Under Scrutiny Monday, 28 Jan 2013 | 2:45 PM ET
    Art Auction Oversight Under Scrutiny

    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.