Every spring hundreds of yachts migrate from the Caribbean to the Mediterranean and some of them do it by boat, reports CNBC's Robert Frank. (1:00)
A growing number of companies are offering "yacht shipping" services, where yachts are loaded and carried on giant cargo ships to distant locations.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.
Sprint Nextel said its Japanese suitor SoftBank granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.
David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.
CNBC's Robert Frank has been looking at IRS audits and has found some troubling trends. Frank VanderSloot, Melaleuca CEO 7 founder, shares his thoughts about his own situation.
There will likely be nothing working class about the new owner of Chaim Soutine's "Little Pastry Chef," one of the painter's series of works depicting anonymous Parisian workers.
The CEO of Facebook has seen his personal wealth fluctuate between a high of $19.14 billion to a low of $8.92 billion over the past year, reports CNBC's Robert Frank.
A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?
The billionaire bet more heavily on mortgage insurers, suggesting he expects the housing recovery to continue.
The art auctions in New York this week are fetching some huge prices, with CNBC's Robert Frank.
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
In Jay Gatsby's time, the mansions along Long Island's Gold Coast were famous for their excess and price tags. Now, they're more famous for their price cuts.
Taxes paid by the nation's top earners are putting government back in the black, reports CNBC's Robert Frank.
Taxes paid by the top earners are putting the U.S. back in the black, according to the Congressional Budget Office.
This is an unofficial transcript of Warren Buffett and Bill Gates appearing live on CNBC's Squawk Box on Monday, May 6, 2013 from 6 am ET to 9 am ET.
Ferrari is capping production this year. The stated reason: status protection. But what's the reality? Some experts think it may be a sign of lower demand for the luxury car.