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Wealth

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  • Bob Janjuah, co-head of cross-asset allocation strategy at Nomura, says the U.S. Federal Reserve's quantitative easing program is causing an "enormous skew in the distribution of wealth" and spending power of Americans.

  • Millionaires get their mojo back  Monday, 2 Dec 2013 | 4:21 PM ET

    CNBC's Robert Frank has the details on why the very rich may be regaining their confidence in the economy but not necessarily in stocks. And CNBC's Sharon Epperson; Dani Hughes, Divine Capital; Matthew McCormick, Bahl & Gaynor Investment Counsel, and Larry Glazer, Mayflower Advisors, weigh in.

  • Plans for floating city floats again  Monday, 2 Dec 2013 | 2:58 PM ET

    CNBC's Robert Frank reports on plans for the "Freedom Ship," a mile-long, 25-story megaship that would cost $10 billion to build.

  • What's worrying the wealthy?  Monday, 2 Dec 2013 | 1:40 PM ET

    CNBC's Robert Frank takes a look at why the rich are concerned about the stock market.

  • Just floating it out there: A ship tax haven Monday, 2 Dec 2013 | 12:27 PM ET
    The “Freedom Ship,” a one-mile long, 25-story tall behemoth is out looking for funding.

    The "Freedom Ship International," a mile-long, 25-story tall floating city, is out looking for funding.

  • This week, the largest-known private collection of memorabilia from the Lord of the Rings films will be auctioned in Beverly Hills.

  • Nomura: Global financial crisis is over  Sunday, 1 Dec 2013 | 7:16 PM ET

    Michael Kurtz, Global Head of Equity Strategy at Nomura, says markets have been preparing themselves for a Fed taper and lists his reasons for declaring an end to the global financial crisis.

  • Beware: Charity scams growing online Sunday, 1 Dec 2013 | 11:00 AM ET

    It's the season of giving, and the season of charity scams. Watch out for these crowdfunding and online tricks.

  • Millionaires grow cautious about the market Friday, 29 Nov 2013 | 11:50 AM ET

    Millionaires are feeling better about the economy, but more skeptical of the stock market, according to Spectrem Group's Millionaire Investor Confidence Index.

  • Do high taxes chase away the rich?  Wednesday, 27 Nov 2013 | 4:43 PM ET

    Will a potential tax hike on the rich drive millionaires out of their home states? Probably not. CNBC's Robert Frank reports.

  • World's most expensive book ever sold  Wednesday, 27 Nov 2013 | 2:58 PM ET

    CNBC's Robert Frank reports the details on the most expensive book ever sold at Sotheby's for $14.2 million.

  • Auto sales to pop?  Wednesday, 27 Nov 2013 | 1:51 PM ET

    CNBC's Phil LeBeau, Robert Frank and Tyler Mathisen weigh in auto sales as Black Friday approaches. LeBeau says it's a fantastic time for dealerships because people are off for the long holiday weekend.

  • Think taxes chase away millionaires? Think again Wednesday, 27 Nov 2013 | 9:12 AM ET

    New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.

  • Did Angelina Jolie buy a private island?  Tuesday, 26 Nov 2013 | 11:45 AM ET

    CNBC's Robert Frank debunks rumors Angelina Jolie bought a private island for Brad Pitt's 50th birthday.

  • Sorry Brad! Angelina didn't buy this island for you Tuesday, 26 Nov 2013 | 11:40 AM ET
    Angelina Jolie and Brad Pitt

    Angelina Jolie did not buy a private island in upstate New York for Brad Pitt's 50th birthday, according to people close to the situation.

  • China's rich flee the country—with their fortunes Monday, 25 Nov 2013 | 5:20 PM ET

    It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.

  • China wealth flight  Monday, 25 Nov 2013 | 3:44 PM ET

    CNBC's Robert Frank reports on the mass exodus of wealthy Chinese citizens and where their money is flowing. Frank says the Chinese are making their money in China, but investing it overseas.

  • Record breaking wine auction  Monday, 25 Nov 2013 | 2:58 PM ET

    CNBC's Robert Frank reports a case of Romanee-Conti burgundy sold $476,000 at auction in Hong Kong.

  • Thirst for pricey wine: $39,700 bottle sets record Monday, 25 Nov 2013 | 11:31 AM ET
    Romanée-Conti, vintage 1990

    A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.

  • Following Chinese capital  Monday, 25 Nov 2013 | 10:43 AM ET

    CNBC's Robert Frank reports where the richest Chinese buyers are investing. China's wealthiest man, Wang Jianlin, bought a Picasso for $28 million, Frank reports.

 

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