The price of buying a Patek Philippe, employing a housekeeper or getting a Botox treatment in London outpaced overall inflation in 2012.
The annual Giving USA report shows charitable giving rose 3.5 percent last year to a record high. However, when adjusted for inflation, the 2012 total is still well below the 2007 giving total.
Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.
To meet China's demand for luxury goods, Chinese billionaire Wang Jianlin plans to invest $1.6 billion on a yacht maker and a London hotel.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
In an exclusive interview with CNBC, the man at the center of an insider-trading probe, former KPMG auditor Scott London, said he received about $70,000 in kickbacks.
America may be falling behind the rest of the world when it comes to creating entrepreneurial wealth, a study shows.
If history is any indication, the billionaire's divorce from his third wife will cost him plenty, reports CNBC's Robert Frank.
While housing inventory is falling throughout the country, it's been falling especially fast in some of the country's richest ZIP codes, creating a mansion shortage.
After halting construction four years ago on their 90,000-square-foot home—called Versailles—just outside Orlando, Fla., David and Jackie Siegel have restarted work.
I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
Mexican billionaire Carlos Slim thinks the central banks' easy money is all good, with CNBC's Michelle Caruso-Cabrera.
CNBC's Michelle Caruso-Cabrera spoke with Mexican billionaire Carlos Slim about why he thinks Mexico is the best place to invest right now. And, Fast Money trader Josh Brown reveals how he's managing his bearish call on Microsoft.
The billionaire telecom titan has slipped in rankings of the world's richest men, reports CNBC's Michelle Caruso-Cabrera.
A group of United Airlines' most frequent flyers, including billionaire investor Tom Steyer, asked the airline to stop blocking climate change actions.
In an exclusive interview, telecom titan Carlos Slim provides his take on Mexico's regulation of the telecom industry, which could force him to breakup America Movil.
In an extensive interview with CNBC's Michelle Caruso-Cabrera, billionaire Carlos Sims explains why he is not concerned about new regulations which could force the tycoon to overhaul his telecom business. Slim also comments on his contributions to philanthropy in an effort give back to Mexican society.
Carlos Slim has lost money from shares of America Movil, and according to estimates from Bloomberg and Forbes, Bill Gates is once again the richest man in the world, reports CNBC's Robert Frank.
Some of the wealthy say luck played a role in their success, but many say other factors played a bigger role.
Carlos Slim, one of the world¿s richest men, sheds light on his philosophy on wealth by reading poetry in Spanish from Kahlil Gibran¿s ¿The Prophet.¿