Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today's markets.» Read More
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.
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.
CNBC's Robert Frank reports on plans for the "Freedom Ship," a mile-long, 25-story megaship that would cost $10 billion to build.
CNBC's Robert Frank takes a look at why the rich are concerned about the stock market.
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.
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.
It's the season of giving, and the season of charity scams. Watch out for these crowdfunding and online tricks.
Millionaires are feeling better about the economy, but more skeptical of the stock market, according to Spectrem Group's Millionaire Investor Confidence Index.
Will a potential tax hike on the rich drive millionaires out of their home states? Probably not. CNBC's Robert Frank reports.
CNBC's Robert Frank reports the details on the most expensive book ever sold at Sotheby's for $14.2 million.
CNBC's Phil LeBeau, Robert Frank and Tyler Mathisen weigh in auto sales as Black Friday approaches. LeBeau says it's a fantastic time for dealerships because people are off for the long holiday weekend.
New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.
CNBC's Robert Frank debunks rumors Angelina Jolie bought a private island for Brad Pitt's 50th birthday.
Angelina Jolie did not buy a private island in upstate New York for Brad Pitt's 50th birthday, according to people close to the situation.
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.
CNBC's Robert Frank reports on the mass exodus of wealthy Chinese citizens and where their money is flowing. Frank says the Chinese are making their money in China, but investing it overseas.
CNBC's Robert Frank reports a case of Romanee-Conti burgundy sold $476,000 at auction in Hong Kong.
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.
Control and certainty about asset transfers make trusts an attractive option for family businesses.
Naming the wrong people on the beneficiary form or failing to update financial documents can create a real mess for your heirs.
Use of a psychologist can help business owners better align employee actions and attitudes with company operations.