A rare, 1937 French Roadster sold for $6.6 million over the weekend, proving that rich car collectors are still spending.» Read More
With one eye on his BlackBerry and the other on his wristwatch Kevin Faulkner, a senior executive in Deutsche Bank’s IT team, enjoys a quiet lunchtime pint at The Bank, a popular bar on Singapore’s Raffles Quay. The FT reports.
A man called one of my partners and said he wanted to open a $50 million account. "More to follow if you do a good job."
A new study shows that 62 percent of the people worth $25 million or more plan to buy stocks in the next 12 months.
A new study of people worth $25 million or more shows that they spend more on vacations and home renovations than jewelry or clothing.
In the next couple of weeks, bondholders will vote on the fate of Covalent Materials, the Japanese technology group formerly known as Toshiba Ceramics, which was the object of a leveraged buyout in 2006. Since then, the company’s earnings have halved as competition from lower cost producers has ratcheted up and the company’s technological edge has become duller. Debt that was sustainable in more profitable times has become too burdensome today, even with Japan’s long-term zero interest rate policy. The FT reports.
A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.
Gine Rinehart, the mining magnate who some estimate is the world's richest woman, says those who criticize the rich should work more and drink and smoke less.
Germany and France have agreed to work together in drafting initiatives to combat the eurozone crisis, a move set to allay fears that the governments of chancellor Angela Merkel and president François Hollande were set on a collision course over remedies. The FT reports.
Electric cars will compete in a new global formula racing series after a deal between motorsport’s governing body and a group of investors who plan to stage international races around city-center landmarks. The FT reports.
A Singapore property developer is targeting the super rich with parking problems by marketing luxury apartments that allow owners to keep their cars next to their living rooms, even if they are on the top floor of the 30-storey block. The FT reports.
Rising political anger against the rich, along with a push to tax them more, may cause the rich to stop buying high-profile luxury goods, according to financial analysts. Could that hurt luxury stocks?
Increasingly frequent auctions for high-end handbags have begun to set records. A Hermes Birkin sold last year for $203,150; blue crocodile version at the same auction sold for $113,525.
Demand among affluent buyers for apartments built before World War II, with their high ceilings and almost floor-to-ceiling windows is outstripping supply, for the simple reason that so few survived the war.
Analysts are hailing the beginnings of a recovery in the nation’s housing market. But to beleaguered homeowners, it will not feel like much of one for many months to come, the New York Times reports.
Italy's need for revenue has reached the mega-yacht world, as authorities board yachts in search of tax dodgers.
While housing prices across the United States are still well below pre-crisis peaks, the very top of the Manhattan home market continues to shatter price records.
A new study shows the wealthy give a smaller percentage of their income to charity than the middle class.
Money management is more than an asset allocation plan. It should also include a written game plan for protecting your wealth from impostors.
A new site called "The Rich Kids of Instagram" is sparking debate over how much wealthy kids should share online.
Romney’s choice of Paul Ryan solidifies the Republican belief that successful job creators and smart risk-takers should be encouraged rather than taxed.
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The financial services industry can help investors paralyzed with indecision by offering fewer portfolio options.
Now could be the right time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.
Divorces are difficult and emotional, but preparation, organization and use of a financial expert can reduce stress.