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  • Debt battle deals blow to wealthy's confidence Wednesday, 30 Oct 2013 | 7:00 AM ET

    Two new surveys find that the debt cliffhanger in Washington earlier this month left top investors badly shaken.

  • Brazilian oil tycoon Eike Batista set a record for wealth loss, reports CNBC's Robert Frank. Between 2012 and 2013, Batista lost over $33 billion in paper wealth.

  • Batista vies for biggest loser as $34 billion vanishes Monday, 28 Oct 2013 | 12:41 PM ET
    Eike Batista

    Eike Batista declared in 2011 that he would soon become the richest man in the world. Instead, he may become known for the largest personal-wealth loss.

  • Hottest luxury market isn't what you think it is Monday, 28 Oct 2013 | 10:47 AM ET
    A woman enters the Hermes International store on Rodeo Drive in Beverly Hills, Calif.

    In a big twist, a recent survey of top luxury CEOs lists North America as the most important market for growth over the next five years.

  • Michael Jordan auctioning Chicago-area estate Friday, 25 Oct 2013 | 5:27 PM ET
    A gate with the number 23 controls access to the home of basketball legend Michael Jordan on October 21, 2013 in Highland Park, Illinois.

    The NBA legend had listed the property for $29 million, then $21 million.

  • Barneys under fire & the 'Aeromobil'     Friday, 25 Oct 2013 | 2:57 PM ET

    Digging into news Barneys and the NYPD are being sued for racial profiling, as well as the story of a Slovakian car company that worked two decades to create the "Aeromobil." Pop culture commentator Chuck Nice, and CNBC's Robert Frank, share their opinions.

  • Chicago Bulls' Michael Jordan auctions home     Friday, 25 Oct 2013 | 2:55 PM ET

    CNBC's Robert Frank reports on the Chicago estate that is set to go on the block Nov. 22.

  • Orange is the new diamond     Friday, 25 Oct 2013 | 11:57 AM ET

    CNBC's Robert Frank reports on the world's largest known vivid orange diamond. The megastone is 14.82 carats and is expected to auction for $17 million to $20 million.

  • Bubble brewing in the Hamptons?     Thursday, 24 Oct 2013 | 2:59 PM ET

    The Hamptons saw the best Q3 since 2005, with total sales increasing a little over 31 percent year-to-date, reports CNBC's Robert Frank.

  • Rich snatch up homes in the Hamptons Thursday, 24 Oct 2013 | 12:01 PM ET
    This two-story oceanfront home in Amagansett recently sold for $11 million. It has four bedrooms, two baths and a tennis court.

    Real estate sales in the Hamptons posted the strongest third-quarter results in eight years.

  • Indian billionaires get a pass in the press Wednesday, 23 Oct 2013 | 8:21 PM ET
    Kumar Mangalam Birla

    Indian journalism appears bold while attacking the prime minister and subdued when it had to investigate a billionaire. The NYT reports.

  • Poor little rich girl     Tuesday, 22 Oct 2013 | 4:50 PM ET

    Rachael Sacks, a New York college student, wrote she was rudely treated by a cashier in a grocery store because she looked wealthy. CNBC's Robert Frank has the details. Jack Welch, former GE CEO, weighs in.

  • 'Poor' rich girl speaks out     Tuesday, 22 Oct 2013 | 2:54 PM ET

    Rachael Sacks wrote an article on Thought Catalog after a grocery store cashier gave her a dirty look because she looked wealthy. CNBC's Robert Frank has the details of the controversy.

  • CEO pay skyrockets on soaring stock market Tuesday, 22 Oct 2013 | 11:37 AM ET
    Mark Zuckerberg, Facebook

    USA Today reports CEO salaries are rising with the stock market with top payouts at a record $4.7 billion and are likely to get even fatter next year.

  • Reviled 'rich girl' calls critics 'idiots' Tuesday, 22 Oct 2013 | 11:13 AM ET
    Rachael Sacks

    Rachael Sacks said she has no intention of apologizing or flip-flopping on her views about wealth discrimination. A person's a person, she seems to argue, no matter how rich.

  • Tommy Hilfiger selling Plaza Hotel penthouse     Tuesday, 22 Oct 2013 | 6:53 AM ET

    The preppy designer is placing his luxurious penthouse on the market for $80 million, reports CNBC's Robert Frank.

  • Ultimate Hilfiger accessory: His $80 million condo Monday, 21 Oct 2013 | 8:00 PM ET
    Tommy Hilfiger list his $80million penthouse at Plaza.

    Fashion tycoon Tommy Hilfiger is listing his duplex at the Plaza Hotel for $80 million, making it one of the most exclusive condo listings in Manhattan.

  • Wealthy could lose big if Fed stops money flow Monday, 21 Oct 2013 | 12:33 PM ET

    While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.

  • Miami—the new Hamptons? Friday, 18 Oct 2013 | 1:35 PM ET
    The Apogee South Beach, one of Miami's most expensive towers

    Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.

  • Tesla's Elon Musk wants to make sub car a reality Friday, 18 Oct 2013 | 12:05 PM ET

    The CEO snapped up the Lotus body for $989,000, and confirmed plans to turn the prop into a real, working sub car using a Tesla electric drivetrain.

 

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