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Wealth

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  • Lottery winner? Rich, but not rich enough Wednesday, 18 Sep 2013 | 11:59 AM ET

    Even if you win the latest Powerball worth more than $400, you still won't be a member of the world’s most exclusive club: the mega, mega rich.

  • Versace on sale: Mansion goes for $41.5m     Tuesday, 17 Sep 2013 | 1:47 PM ET

    In today's Power Rundown, CNBC's Jane Wells reports the latest from America's Cup in San Francisco. CNBC's Robert Frank discusses Sun co-founder Scott McNealy's comments on charity and reports the South Beach Versace Mansion has sold for $41.5 million.

  • Heiress Huguette M. Clark estate trial delayed Tuesday, 17 Sep 2013 | 1:13 PM ET
    Huguette was shy, but not sad. Her friends and the few relatives who knew her describe her as cheerful, gracious, stubborn, and devoted to her art and her charity to friends and strangers. She poses in a Japanese print dress at about age 37.

    Settlement efforts have delayed the trial of who will inherit the $300 million estate of copper mining heiress, Huguette M. Clark.

  • Americans may inherit more money than they think Tuesday, 17 Sep 2013 | 12:06 PM ET

    Financial experts say Americans are too pessimistic about their own inheritances, despite recession.

  • Versace mansion's $41.5 million sale disappoints Tuesday, 17 Sep 2013 | 4:11 PM ET

    The price marks a sharp fall for a house that got widespread media attention and listed last year for $125 million.

  • Rich, forget charity, start businesses: McNealy Tuesday, 17 Sep 2013 | 9:38 AM ET
    Scott McNealy

    The wealthy should give less to charity and invest more of their money in start-ups, said Scott McNealy, the former CEO of Sun Microsystems.

  • In China, the Devil doesn't wear Prada Tuesday, 17 Sep 2013 | 12:59 AM ET
    Meryl Streep as Miranda Priestly in The Devil Wears Prada.

    The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt officials flashing labels way past their pay grades.

  • Worth a billion? You may not hit the Rich List Tuesday, 17 Sep 2013 | 12:39 AM ET

    Even if you hit the big time you may not make the coveted Forbes rich list as America's billionaires continue to amass wealth, said editor of Forbes.

  • For Chinese brides, gold no longer all that glitters Monday, 16 Sep 2013 | 10:03 PM ET

    China's diamond market has steadily gobbled up market share from gold and far outstripping the growth rate in China's $76 billion jewelry sector.

  • Who are America's richest people?     Monday, 16 Sep 2013 | 6:43 PM ET

    The combined total net worth of the 400 richest Americans exceeds $2 trillion, according to Forbes. Randall Lane, Editor at the publication discusses who made the list this year.

  • 400 richest Americans now worth $2 trillion Monday, 16 Sep 2013 | 3:33 PM ET

    The 400 richest Americans are now worth a combined $2 trillion, according to Forbes. That's more than the GDPs of many nations.

  • New Gilded Age? Newport estates regain their shine Monday, 16 Sep 2013 | 1:38 PM ET
    Wildacre in Newport, R.I.

    Newport's storied mansions were left behind in the 1990s and 2000s, but its oceanfront estates are regaining their shine as new buyers come to town.

  • Why government probably can't close rich-poor gap Monday, 16 Sep 2013 | 12:59 PM ET
    A businessman walks by a homeless woman holding a card requesting money in New York City.

    President Barack Obama said government can and should shrink the gap between the rich and poor. Here are some reasons why that's wrong.

  • Wall Street pioneer leaves $100K to dog Friday, 13 Sep 2013 | 2:14 PM ET
    This isn't Muriel Siebert's chihuahua, although it would probably like to be.

    Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange, left $100,000 to her dog, the New York Post reported on Friday.

  • CNBC's Robert Frank goes inside the vault at Patek Philippe headquarters in New York City to take a look at the one of the world's most expensive timepieces.

  • What's Putin's worth?     Thursday, 12 Sep 2013 | 4:36 PM ET

    Russian President Vladimir Putin's reported income in 2012 was $187,000. CNBC's Robert Frank offers insight on a 32-page report from Boris Nemtsov which says his wristwatches are worth $700,000 alone.

  • Putin on the Ritz? Vlad said to have billions Thursday, 12 Sep 2013 | 12:18 PM ET

    Speculation about Russian President Vladimir Putin's net worth is rife, but getting a true estimate is very difficult. A look at why.

  • How much is Putin worth?     Thursday, 12 Sep 2013 | 10:55 AM ET

    Although Russian President Putin warned of "American exceptionalism" in a NY Times op-ed piece, when it comes to Putin and the Russian people, it is his "exceptionalism" that is shrouded in mystery, reports CNBC's Robert Frank.

  • Art bubble about to burst?     Wednesday, 11 Sep 2013 | 2:57 PM ET

    Talk of an art bubble has been ongoing, but has art become too highly priced? CNBC's Robert Frank has the story.

  • Art bubble to pop?     Wednesday, 11 Sep 2013 | 1:46 PM ET

    A growing number of investors warn that part of the art market is headed for a tumble, reports CNBC's Robert Frank. Jim Grant says "big hype and low interest rates are overinflating modern artists."

 

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