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Wealth

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  • NBA rookie phenom plays tight D with his money Thursday, 5 Dec 2013 | 10:59 AM ET
    Millionaire on the court: Philadelphia 76er phenom Michael Carter-Williams

    Young pro athletes often burn through big money contracts, but Philadelphia 76ers phenom Michael Carter-Williams is going to an extreme to protect himself.

  • Hopper painting beats estimates     Thursday, 5 Dec 2013 | 10:55 AM ET

    CNBC's Robert Franks reports that Edward Hoppers "East Wind over Weehawken" beat expectations and sold for $40.5 million at Christie's.

  • Hopper painting sells for record $40.5 million Thursday, 5 Dec 2013 | 11:34 AM ET
    Edward Hopper’s “East Wind Over Weehawken”

    Edward Hopper's famous portrait of economic hardship has just become the new symbol of unbridled wealth.

  • Truth about the income gap     Wednesday, 4 Dec 2013 | 7:10 PM ET

    CNBC's Robert Frank says inequality today is lower than it was when the economy was much stronger.

  • Should the wealthy worry?     Wednesday, 4 Dec 2013 | 1:18 PM ET

    CNBC's Eamon Javers reports according to the Washington Post says the new study showing a third of U.S. bank tellers rely on public assistance, was released by a labor-backed group.

  • Income inequality reality check     Wednesday, 4 Dec 2013 | 1:15 PM ET

    A new study shows a third of U.S. bank tellers rely on public assistance. CNBC's Kayla Tausche reports the 540,000 bank tellers make an average of roughly $26,000. Robert Frank breaks down the wealth gap in the U.S.

  • The real facts about inequality Wednesday, 4 Dec 2013 | 12:37 PM ET
    A homeless woman stands in the street in New York.

    There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.

  • Forget the selfie: Time for the 'unselfie' Tuesday, 3 Dec 2013 | 6:12 PM ET

    The idea of giving to those in need seems to have become buried under a pile of boxes and wrapping paper. It's social media to the rescue.

  • Secret millionaire leaves $187M to charities     Tuesday, 3 Dec 2013 | 1:53 PM ET

    An unlikely man from Seattle donated millions to three institutions in his will, reports CNBC's Robert Frank.

  • Even Santa can't help—LaFerrari is sold out Tuesday, 3 Dec 2013 | 12:21 PM ET

    Even if you have $1.4 million to buy a LaFerrari, you probably can't get it. The supercar's sold out.

  • NJ-inspired painting could fetch $22M to $28M     Tuesday, 3 Dec 2013 | 10:52 AM ET

    Edward Hopper's "East Wind Over Weehawken" will be auctioned at Christie's this week. CNBC's Robert Frank reports.

  • Bob Janjuah, co-head of cross-asset allocation strategy at Nomura, says the U.S. Federal Reserve's quantitative easing program is causing an "enormous skew in the distribution of wealth" and spending power of Americans.

  • Millionaires get their mojo back     Monday, 2 Dec 2013 | 4:21 PM ET

    CNBC's Robert Frank has the details on why the very rich may be regaining their confidence in the economy but not necessarily in stocks. And CNBC's Sharon Epperson; Dani Hughes, Divine Capital; Matthew McCormick, Bahl & Gaynor Investment Counsel, and Larry Glazer, Mayflower Advisors, weigh in.

  • Plans for floating city floats again     Monday, 2 Dec 2013 | 2:58 PM ET

    CNBC's Robert Frank reports on plans for the "Freedom Ship," a mile-long, 25-story megaship that would cost $10 billion to build.

  • What's worrying the wealthy?     Monday, 2 Dec 2013 | 1:40 PM ET

    CNBC's Robert Frank takes a look at why the rich are concerned about the stock market.

  • Just floating it out there: A ship tax haven Monday, 2 Dec 2013 | 12:27 PM ET
    The “Freedom Ship,” a one-mile long, 25-story tall behemoth is out looking for funding.

    The "Freedom Ship International," a mile-long, 25-story tall floating city, is out looking for funding.

  • This week, the largest-known private collection of memorabilia from the Lord of the Rings films will be auctioned in Beverly Hills.

  • Nomura: Global financial crisis is over     Sunday, 1 Dec 2013 | 7:16 PM ET

    Michael Kurtz, Global Head of Equity Strategy at Nomura, says markets have been preparing themselves for a Fed taper and lists his reasons for declaring an end to the global financial crisis.

  • Beware: Charity scams growing online Sunday, 1 Dec 2013 | 11:00 AM ET

    It's the season of giving, and the season of charity scams. Watch out for these crowdfunding and online tricks.

  • Millionaires grow cautious about the market Friday, 29 Nov 2013 | 11:50 AM ET

    Millionaires are feeling better about the economy, but more skeptical of the stock market, according to Spectrem Group's Millionaire Investor Confidence Index.

 

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