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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.
Settlement efforts have delayed the trial of who will inherit the $300 million estate of copper mining heiress, Huguette M. Clark.
Financial experts say Americans are too pessimistic about their own inheritances, despite recession.
The price marks a sharp fall for a house that got widespread media attention and listed last year for $125 million.
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.
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.
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.
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.
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.
The 400 richest Americans are now worth a combined $2 trillion, according to Forbes. That's more than the GDPs of many nations.
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.
President Barack Obama said government can and should shrink the gap between the rich and poor. Here are some reasons why that's wrong.
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.
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.
Speculation about Russian President Vladimir Putin's net worth is rife, but getting a true estimate is very difficult. A look at why.
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.
Talk of an art bubble has been ongoing, but has art become too highly priced? CNBC's Robert Frank has the story.
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."
A new book, "Empty Mansions: The Mysterious Life of Huguette Clark and the Spending of a Great American Fortune," explores over-the-top wealth.
Picking an advisor is key for business owners. A misstep can be the difference between reaching financial goals and falling short.
Serving younger clients now isn't likely to make or break your practice short-term, but it will spark profits down the road.
Only 30 percent of family businesses are successfully passed down, but financial advisors can help owners turn the odds around.