For a hefty $72 million, Rupert Murdoch's penthouse in One Madison, Manhattan is on the market, the Wall Street Journal reported.» Read More
A change in New York's estate tax contains a hidden wrinkle that could leave some multimillionaires with a much bigger surprise tax upon their death.
A rare Ming Dynasty cup dubbed the "Chicken cup" was sold to a collector for $36 million. It sets a new world record for Chinese porcelain.
China's rich have acquired many of the tastes of the Western rich, but Bill Gates says they haven't embraced one of the most important: philanthropy.
It can be tough being a rich kid in Aspen. You have to know when to show off your wealth and when to keep it under wraps, according to a story in aspenjournalism.org.
Hedge funder Jim Chanos sees a speculative bubble forming in the art market. And he said the best way to hedge is to short the stock of Sotheby's.
You'd think rich donors would be celebrating. But the Supreme Court's decision to lift limits on political giving is making some donors miserable.
Short-seller Jim Chanos tells CNBC that investors should watch the stock price of this company for proof of a speculative bubble.
The Coldwell Banker Previews International survey ranked Woodside, Calif., in the heart of Silicon Valley, as the nation's top luxury market.
How do you know when you're rich? According to a survey, most people reckon it is when you are worth over £10 million ($17 million).
The average sales price for apartments in New York City jumped 15 percent in the first quarter to $1,773,523, putting the average price per square foot at $1,363.
The driver of a Lamborghini Aventador faces a very hefty fine and repair bill after it was involved in a three-car crash.
Warren Buffett's sister, Doris, is offering a free online course on getting good value for the money you give away to charities.
An auction site is offering historic, one-of-a-kind, baseball memorabilia from some of the game's greatest of all time.
Although there's lots of noise about the growing wealth gap between the rich and the poor, that isn't the fastest-growing wealth gap in America.
London is the European city the world's billionaires like to call home, according to research published by Beauchamp Estates and Dataloft.
Contrary to their austere image, millennials are a fairly wealthy generation, accounting for a quarter of America's millionaires, and they like their luxury.
Violas, which look like overgrown violins, are the butt of musician jokes, but hold the humor here.
In a bold statement regarding the crackdown on government waste in Italy, six state-owned luxury cars have been listed on internet auction site eBay.
According to a report, the U.K. was the number one destination for migrating millionaires over the past decade.
Luxury home-buying in the Caribbean is bouncing back this year, with real estate agents citing the improved economic picture in the U.K. and U.S.
Automated, algorithm-based robo-advisors are gaining a foothold with some traditional financial advisory firms.
Income from corporate jobs can yo-yo like stocks, while pay from tenured or government jobs behaves more like bonds.
An airtight estate plan takes the guesswork out of who inherits what and clearly defines end-of-life medical decisions.