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Wealth

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  • 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.

  • Wealthy flee China  Monday, 25 Nov 2013 | 6:44 AM ET

    CNBC's Eunice Yoon reports on wealthy Chinese people who are moving overseas for more personal freedoms, an unpolluted environment and to give their children a good education.

  • J.C. Penney dropped from S&P 500 index Friday, 22 Nov 2013 | 6:29 PM ET

    J.C. Penney is getting booted from the Standard & Poor's 500 index after losing more than half of its market value this year.

  • Auto auction: Zero to $62 million in 2 hours Friday, 22 Nov 2013 | 10:53 AM ET
    1964 Ferrari 250 LM sold for $14million during an auction at Sotherby's.

    The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.

  • Invest like a billionare  Thursday, 21 Nov 2013 | 2:55 PM ET

    CNBC's Robert Frank reports on the investing habits of the super rich and common mistakes they tend to make.

  • 'Stop bashing the rich,' says London's mayor Wednesday, 20 Nov 2013 | 12:06 PM ET
    London Mayor Boris Johnson

    London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.

  • Rupert Murdoch divorce settlement approved  Wednesday, 20 Nov 2013 | 10:31 AM ET

    CNBC's Robert Frank reports on the terms of Rupert Murdoch and Wendi Deng's divorce settlement.

  • Good luck selling mutual funds to Twitter employee Tuesday, 19 Nov 2013 | 9:00 AM ET
    Twitter's founders were on hand to launch the company's IPO at the NYSE on Nov. 7, 2013.

    Silicon Valley's suddenly wealthy won't be doing mutual funds and muni bonds. Start-up millionaires just don't do "traditional" when it comes to investing.

  • Qatar named fastest growing luxury hotspot Tuesday, 19 Nov 2013 | 8:59 AM ET

    The Middle East has the potential to become the world's fastest-growing luxury market, according to a new report.

  • And the country with the youngest billionaires is... Tuesday, 19 Nov 2013 | 9:04 AM ET

    China may not have the most billionaires, but it does have the youngest.

  • Watch out Tesla, here comes Cadillac's ELR Tuesday, 19 Nov 2013 | 8:55 AM ET
    Cadillac ELR extended-range luxury hybrid.

    Cadillac's ELR and Tesla's Model S will be competing in the rarefied air of models selling for more than $75,000.

  • Wealth gap seen and felt in the malls  Monday, 18 Nov 2013 | 12:00 AM ET

    American consumers have always had endless consumer choices but the choice of how much you pay for everyday items hasn't been quite so extreme until recently as CNBC's Allison Linn explains.

  • Swanky jets at the Dubai Air Show  Monday, 18 Nov 2013 | 1:36 PM ET

    With a major air show underway in the United Arab Emirates, CNBC's Yousef Gamal el-Din reports on some pricey corporate jets and the lack of leg room in coach.

  • Sotheby's $50M car auction  Monday, 18 Nov 2013 | 1:27 PM ET

    CNBC's Robert Frank combines art and cars at the Sotheby's auction with Ian Kelleher, RM Auctions.

  • China has a word for its crass new rich Friday, 15 Nov 2013 | 12:32 PM ET

    China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.

  • A $105 million Warhol tops Sotheby's best auction Thursday, 14 Nov 2013 | 4:59 AM ET
    Andy Warhol's artwork, 'Silver Car Crash (Double Disaster)' is displayed while being auctioned at Sotheby's on November 13, 2013 in New York City.

    Sotheby's held the biggest auction in its history on Wednesday, led by a record-setting $105 million work by Andy Warhol.

  • Fed's easy money driving art industry?  Wednesday, 13 Nov 2013 | 2:57 PM ET

    CNBC's Robert Frank reports on the Francis Bacon "Three Studies of Lucien Freud" piece that sold for $142.4 million and the impending diamond auction expected to go for $60 million.

  • Microsoft ditches worker ranking system  Wednesday, 13 Nov 2013 | 1:51 PM ET

    Microsoft is eliminating its long-standing practice of evaluating employees on a bell curve in an effort to foster more team-work and collaboration. CNBC's Bob Pisani and Kayla Tausche weigh in on the company's new direction.

  • iBillionaire Index: Investing like a billionaire  Wednesday, 13 Nov 2013 | 1:44 PM ET

    CNBC's Robert Frank breaks down the iBillionaire Index, which tracks 30 large cap equities in the S&P. The index is said to allow you to invest like billionaires do, but with limits.

  • Invest like a billionaire  Wednesday, 13 Nov 2013 | 12:53 PM ET

    CNBC's Robert Frank reports on the iBillionaire Index, tracking the 30 large-cap stocks in the S&P 500 to which billionaire investors have allocated the most funds.

 

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