U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.
There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.
New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.
It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.
A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.
Carl Berg, billionaire venture capitalist and co-founder, Berg and Berg, sees huge opportunities in life sciences. Berg Pharma has the opportunity to revolutionize health care by using biology to determine differences between a healthy and unhealthy person.
China may not have the most billionaires, but it does have the youngest.
China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.
Marion Maneker, publisher of Art Market Monitor, discusses the art market following a Sotheby's auction and says there's been a appreciation in the modern art market driven by an expansion in collectors and buyers.
Microsoft is eliminating its long-standing practice of evaluating employees on a bell curve in an effort to foster more team-work and collaboration. CNBC's Bob Pisani and Kayla Tausche weigh in on the company's new direction.
CNBC's Robert Frank breaks down the iBillionaire Index, which tracks 30 large cap equities in the S&P. The index is said to allow you to invest like billionaires do, but with limits.
The iBillionaire Index launches today, which is composed of the top 30 large cap equities listed on the S&P 500. iBillionaire co-founder Raul Moreno, provides insight.
CNBC's Robert Frank reports on the elusive billionaires club.
Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.
CNBC's Robert Frank reports how billionaires are flipping the new G650 private jet for profit.
A new report says the combined fortunes of the world’s billionaires have doubled since the financial crisis, but what do we know about them?
Asia churned out the highest number of billionaires globally in 2013, a stark contrast to Europe - which saw a decline in its ultrawealthy population.
Wealthy Chinese may not be buying many big yachts. But they are buying up big yacht companies. A look at what's driving the trend.