Luxury brands are snatching up lamb skin, tanneries and crocodile skin suppliers. Chanel bought Bodin-Joyeaux Tannery, reports CNBC's Robert Frank.» Read More
Wealthy investors are shying away from U.S. stocks and putting more money into private companies, real-estate and commodities, according to a new study.
The Facebook billionaire raised Romans' ire when he failed to leave a tip at a posh restaurant. But do Italians have different rules for Americans?
After two consecutive months of positive improvement, optimism of America’s wealthiest has dipped due to continued concerns about the economy and the job market.
A new report says America’s millionaire population declined last year for the first time since the 2008 crisis.
From $16 million log mansions in Aspen to $90 million Manhattan penthouses, high-end real estate is defying the broader real-estate slump.
As Asia cools and Europe’s middling wealthy hunker down, the super-rich are expected to be the prime movers in the market for luxury goods.
Whether it’s wealthy French or Americans fleeing the prospect of higher taxes or wealthy Russians and Chinese trying to escape political uncertainty, millionaires and billionaires around the world are migrating like never before, according to government statistics and relocation experts.
People who made fortunes in profitable industries define success in the winemaking business as breaking even.
Since the price of gold spacer has not ratcheted up in this latest Europe driven downturn, some say surely that must mean that the wisdom of owning gold is now null and void. I disagree; gold should still be a part of your investment plan.
A recent survey of 2,800 millionaires across the region, conducted by Scorpio Partnership, a global wealth-management consultancy, shows that high net worth individuals, especially those living in India and Indonesia, are the happiest, and most optimistic about growing their fortune.
According to Australia's BRW magazine, mining magnate Gina Rinehart’s net worth is now $28.5 billion. That tops WalMart heiress Christy Walton’s $26 billion pile.
Here in one of the richest corners of the country, the tech elite display an ambivalent, sometimes contradictory approach to wealth. Money is a measure of the power of the companies that entrepreneurs have built, rather than a thing to display.
New studies show that the wealthy are pulling back from stocks and stashing more of their money into real-estate, art and even diamonds.
In these tough market conditions, it could be said that no private jet model is 100 per cent safe. But this has not stopped new types of private jet travel emerging.
In making his case, says most major wealth creation comes from doing what other people consider insufferably boring.
Who wants their kid to be a millionaire? Ron Lieber of the New York Times looks at books advising upwardly mobile parents.
All six partners at Andreessen Horowitz are committing to donate at least half of their lifetime income from venture capital investments to charity.
Fifty percent of all wealthy Americans are now optimistic about the economy, up 12 percent this year and the highest in about a year, a new survey says.
High earners worried that this year’s Tax Day will be the last before their rates rise have more than the White House and Washington to blame. They can also look to two academically revered French economists whose work is the subtext for the battle over tax fairness.
While it’s generally accepted that John Jacob Astor IV was the richest man in the world when he went down with the ship, estimates of his personal fortune range wildly.