Which city has the highest percentage of millionaires? Monaco, where nearly one in three are millionaires.» Read More
The CEO of Burberry Angela Ahrendts is leaving the company to head Apple's retail division, reports CNBC's Robert Frank.
Christopher Bailey will take over from Angela Ahrendts at Burberry, following the latter's departure for Apple.
Luxury down jacket maker Moncler said on Monday it had filed a request with the Italian stock market to list its shares in Milan.
With a price tag of $55 million, the world's most valuable necklace is expected to test demand for ultra-high-end jewelry in Asia.
According to The New York Times, Steve Cohen is selling at least 3 important paintings, including a famous Warhol that could fetch more than $20 million. CNBC's Robert Frank has the details.
Facebook's Mark Zuckerberg paid more than $30 million for four homes near his own to guard against development. CNBC's Robert Frank, and Adam Sank of NBC's "Last Comic Standing."
CNBC's Robert Frank reports on a mansion in Asheville, North Carolina up for sale. A close look at why the home is like a "mini" Biltmore.
Wealthy Americans annually give more than $316 billion to charity, but some think that's not enough. Robert Frank talks about why the rich are tightening their purse strings to charities.
Studies suggest the American wealthy could be even more generous than they already are, so why don't they give more? It depends who you ask.
The French Riviera hasn't lost its cachet, topping the list of prime residential enclaves for the ultra-wealthy, according to research from Savills.
Tamara Mellon, the co-founder of the luxury brand Jimmy Choo, told CNBC that her former business partner Choo did not have the "creative vision" to design shoes.
Drool over the Neiman Marcus catalog if you want, but the real question is whether the wealthy will spend this holiday season.
So you want to be rich? Stay stateside, home of 1.7 million of the 1.8 million millionaires created in the past year.
The anonymous graffiti artist, whose works have sold for as much as $1 million, is himself being vandalized.
As Mayor Michael Bloomberg's long reign draws to a close, some of New York's ealthiest expressed alarm at a future without the billionaire at the city's helm.
A peek inside Feadship, one of the world's most prestigious makers of megayachts, including those for Steve Jobs and Larry Ellison.
Inequality is all relative. It now takes at least $100 million to matter in New York, leaving many wealthy feeling disadvantaged.
CNBC's Robert Frank reports John Arnold pledged up to $10 million to fund head start programs that were closed because of the government shutdown.
A sky crane appeared to be raising a load of concrete when it failed at one of Manhattan's tallest residential towers. CNBC's Robert Frank reports the site of the incident is at the same building known for an infamous crane failure during Superstorm Sandy.
Diamond prices keep breaking records. The latest is a 118-carat, flawless D-diamond auctioned by Sotheby's for $30.6 million.
Advisors are using exchange-traded funds in clients' portfolios, citing transparency and a demand for lower-cost investments.
They may not be the most desirable client segment now, but advisors need to win over Gen X and Gen Y investors.
Home sales are surging, and summer is a big season for deals. Here are eight mistakes that homebuyers need to avoid.