The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...» Read More
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.
Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.
Nutrition company Herbalife plans to host an analyst day shortly after the New Year, in response to a battery of charges leveled at the company by hedge fund guru Bill Ackman.
Hedge Fund guru Bill Ackman strongly defended his characterization of Herbalife,as a "pyramid scheme" on Thursday, telling CNBC that the nutrition company was luring "millions of low income people around the world" into a system he called fraudulent.
Hedge-fund manager Bill Ackman is short Herbalife and has told people he considers the business a “pyramid scheme.” Herbalife CEO Michael Johnson sharply denied the allegations.
Currently, couples can give away $10 million in lifetime gifts without paying transfer taxes, but President Obama has now proposed that couples be limited to $1 million in gifts, and any additional gifts be taxed at 55 percent. CNBC's Robert Frank has the details.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
From outside Michigan Republican circles, it appeared that the Republican drive to weaken unions came out of the blue - proposed, passed and signed in a mere six days.
CNBC's Robert Frank reports some high-profile billionaires, including Warren Buffett, John Bogle and Norman Lear, are calling on Congress to raise their taxes.
U.S. authorities are investigating Steven A. Cohen's SAC Capital Advisers hedge fund for alleged insider trading in the shares of the popular diet company Weight Watchers International, according to people familiar with the matter.
British retail billionaire Philip Green on Thursday sold a 25 percent stake in Topshop and Topman to U.S. private equity firm Leonard Green and Partners in a deal that values the popular high street chain at 2 billion pounds.
CNBC's Robert Frank takes a look at what would happen to the nation's wealthiest individuals if lawmakers do not reach a debt deal.
CNBC's Robert Frank takes you inside one of the world's most expensive apartments in the "Million Dollar Minute."
Warren Buffett, Berkshire Hathaway chairman & CEO, and Carol Loomis, Senior Editor-at-Large at Fortune Magazine, talk about the "Buffett Rule" and tax reform. "What you'll get from me is 35%," Buffett says.