Americans worth more than $25 million think of themselves as frugal but actually live large. You'll never guess what they're spending on.» Read More
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.
CNBC's Robert Frank reports where the richest Chinese buyers are investing. China's wealthiest man, Wang Jianlin, bought a Picasso for $28 million, Frank reports.
CNBC's Eunice Yoon reports on wealthy Chinese people who are moving overseas for more personal freedoms, an unpolluted environment and to give their children a good education.
J.C. Penney is getting booted from the Standard & Poor's 500 index after losing more than half of its market value this year.
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.
CNBC's Robert Frank reports on the investing habits of the super rich and common mistakes they tend to make.
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.
CNBC's Robert Frank reports on the terms of Rupert Murdoch and Wendi Deng's divorce settlement.
Silicon Valley's suddenly wealthy won't be doing mutual funds and muni bonds. Start-up millionaires just don't do "traditional" when it comes to investing.
The Middle East has the potential to become the world's fastest-growing luxury market, according to a new report.
China may not have the most billionaires, but it does have the youngest.
Cadillac's ELR and Tesla's Model S will be competing in the rarefied air of models selling for more than $75,000.
Social impact investing enhances risk-adjusted returns while generating a positive social and environmental impact.
Proper financial planning has the power to transform your life, so invest the time and energy to find the best financial advisor.
With 70 percent of newly wealthy people going broke within a year, advisors caution clients to manage new money wisely.