SAN JUAN, Feb 11- Billionaire hedge fund investor John Paulson, closely followed for his views on the markets, said on Thursday the sliding stock market is "overreacting" and that the United States economy remains strong. The S&P 500 is down 9.4 percent year to date on concerns about depressed oil prices, China's economy and weakness in U.S. company earnings.» Read More
Sotheby's is planning to offer a giant D-color diamond next month that could well become the most expensive rock ever sold at auction.
Less than three months after filing for divorce from his wife of 14 years, Rupert Murdoch has listed the family's 184-foot sailing yacht, the Rosehearty, for $29.7 million.
In the U.S., Jorge Paulo Lemann is virtually unknown, even though he's behind Heinz ketchup, Burger King and Budweiser beer, Bloomberg Businessweek reports.
Rupert Murdoch's crusade to oust Kevin Rudd in Australia's general election has given rise to a heated social media campaign inside a campaign, as Twitter, Facebook and other digital platforms become the weapons used by some to try to outflank Murdoch's "old media".
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
CNBC's Julia Boorstin updates us on recent acquisition deals for trophy publishing assets by high-net-worth individuals. Steven Levy, Wired senior writer, provides insight into Jeff Bezos-Washington Post deal.
Since the financial crisis, the wealthy have become the nation's top cash hoarders, filling up deposit accounts and money markets at a rapid clip.
When asked "At what age do you expect to retire?" nearly one-third of those with annual earnings of $750,000 or more answered "over 70." Fifteen percent say they never plan to retire.
Billionaire Warren Buffett's son Peter recently sparked a huge debate over the role of philanthropy with an op-ed he published. A look at the arguments that continue to rage on days later.
The acquisition is said to be one of the billionaire's top three holdings, reports CNBC's Scott Wapner.
Wendi Deng has hired the well-known New York attorney William Zabel to represent her in her divorce from Rupert Murdoch, CNBC has learned.
Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.
It's hot in the Hamptons this summer! Real estate sales shot up 23% in the second quarter, topping $1 billion.
Slowing economies in places like China and Brazil are weighing on the real estate market as foreign purchases of U.S. property slowed in the 12 months ended in March, a new report said.
Everyone has their own definition of what it means to be rich, but a new study from UBS has a cold, hard answer: $5 million—with at least $1 million of that in cold, hard cash.
Last month, a wealthy Middle Eastern family paid $500,000 to charter a private jet. What was unusual was the way the family booked: through an Iphone app.
Summertime seems to bring out a rash of "fantasy" products for the super-rich—crazy trophy toys that are either too crazy or cutting-edge even for today's super-rich. A look at three of the best we've seen.
CNBC's Kate Kelly provides a preview of CNBC's "Delivering Alpha" conference tomorrow in New York City. Today, a look at why hedge fund billionaire John Paulson is getting bullish on housing.
The few who can afford to shell out tens of millions for an apartment in one of the new condominiums being built across New York City may find a perk in real estate tax breaks, the New York Times reports.
In a video clip for an online course on philanthropy, Warren Buffett says he follows Adam Smith's division of labor. "I make it and somebody else gives it away."