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  • Electric Cars to Race in Formula E Monday, 27 Aug 2012 | 10:05 PM ET

    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.

  • Garages in the Sky Give Singapore a Lift Monday, 27 Aug 2012 | 4:48 AM ET
    Louis Vuitton at North Pavilion, Marina Bay. Further in distant is business district of Singapore.

    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.

  • How 'Lynching' the Rich Could Hurt Stocks Friday, 24 Aug 2012 | 12:05 PM ET
    Businessman hiding in limo

    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?

  • At Auctions for Rare Handbags, Bargains Get Rarer Thursday, 23 Aug 2012 | 12:24 PM ET
    Hermes Red Alligator Birkin Bag

    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.

  • Affluent Buyers Seek a Piece of Berlin's Past Thursday, 23 Aug 2012 | 10:24 AM ET

    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.

  • Signs of Revival, Slight but Sure, for Home Sales Thursday, 23 Aug 2012 | 6:44 AM ET
    Home Sales

    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.

  • Yachts Raided by Tax Authorities in Italy Tuesday, 21 Aug 2012 | 12:17 PM ET
    Empty berths are seen between luxury speed boats in the normally busy Lignano marina in Venice, Italy. As part of the crackdown on tax evasion, authorities have targeted owners of luxury cars and boats to stop transgressions by the wealthiest Italians.

    Italy's need for revenue has reached the mega-yacht world, as authorities board yachts in search of tax dodgers.

  • Most Expensive Apartments in NYC Tuesday, 21 Aug 2012 | 9:57 AM ET
    Duplex penthouse — Condo $48,000,000 8 rooms, 4 bedrooms, 4.5 baths; approx. 7,493 sq. ft. interior, 4,500 sq. ft. exterior.If you are thinking of writing the nearly $50-million check for this place, set aside some extra cash for plenty of Windex — there’s literally tons of glass. In fact, the entire unit rests on an Art Deco building in New York’s swanky TriBeCa (Triangle Below Canal Street) enveloped in museum-quality, insulated glass. There’s even a $750,000 glass staircase inside. Use all t

    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.

  • World Financial Center, New York City

    A new study shows the wealthy give a smaller percentage of their income to charity than the middle class.

  • Norb Vonnegut

    Money management is more than an asset allocation plan. It should also include a written game plan for protecting your wealth from impostors.

  • 'Rich Kids of Instagram': Overserved and Oversharing Tuesday, 14 Aug 2012 | 1:11 PM ET

    A new site called "The Rich Kids of Instagram" is sparking debate over how much wealthy kids should share online.

  • Wealthiest Voters May Like Romney Even More Now Monday, 13 Aug 2012 | 11:21 AM ET
    Republican vice presidential candidate, U.S. Rep. Paul Ryan (R-WI) listens to Republican presidential candidate, former Massachusetts Gov. Mitt Romney (R), talk to the crowd at the Absolute Style furniture factory on August 12, 2012 in High Point, North Carolina.

    Romney’s choice of Paul Ryan solidifies the Republican belief that successful job creators and smart risk-takers should be encouraged rather than taxed.

  • Problems Riddle Moves to Collect Credit Card Debt Monday, 13 Aug 2012 | 8:10 AM ET

    The same problems that plagued the foreclosure process are now emerging in the debt collection practices of credit card companies. The New York Times reports.

  • A Mutual Fund Master, Too Worried to Rest Sunday, 12 Aug 2012 | 10:29 AM ET
    John Bogle

    With this kind of medical history, any other man of 83 might simply enjoy his success. But not John Bogle. He is still on a mission, as outspoken as ever and nearly as vigorous — thanks, he says, to the heart of a younger man. He’s not done yet, reports the NY Times. 

  • What the Wealthy Are Driving Friday, 10 Aug 2012 | 4:02 PM ET
    Some wealthy people flaunt their status with shows of conspicuous consumption, while others prefer to stay low-key. These preferences extend to their major purchases, from the type of houses they buy, the type of clothes that they wear and type of cars that they drive. an automotive information website headquartered in Santa Monica, Calif., conducted a study of the most popular vehicles in the  as determined by the I.R.S. These included some of the usual places that one might expect, such as Low

    TrueCar.com, an automotive information website, conducted a study of the most popular vehicles in the most affluent zip codes. Check out what they found.

  • Without a broad agreement by lawmakers a series of automatic tax increases will take effect next year. Here’s what some affluent investors are doing to prepare. The NYT reports.

  • Saverin Makes Singapore Rich List  — at No. 8 Tuesday, 31 Jul 2012 | 11:27 AM ET
    Eduardo Saverin, co-founder of Facebook

    The Facebook co-founder who renounced his U.S. citizenship has an estimated net worth of $2.2 billion.

  • 'Paralyzed Plutocrats' Keep Economy Locked Up, Too Tuesday, 31 Jul 2012 | 11:00 AM ET
    Shoppers look at handbags at a Coach store in Pasadena, California.

    The wealthy are often the “first in and first out” of recessions, taking the initial risk and seeing the earliest signs of light, but the volatility of the markets has the ultra wealthy

  • 10 White Collar Fugitives Wanted by the FBI Tuesday, 31 Jul 2012 | 9:33 AM ET
    The Federal Bureau of Investigation’s has included some of the world’s most notorious criminals, including Osama Bin Laden, Ted Bundy, and Warren Jeffs — totaling 497 since its creation in 1950. Of these fugitives, 466 have been apprehended or located, according to the FBI. Of these, 154 arrests have been assisted by the public through methods such as the information posted on the website and disseminated “wanted” posters. With the success of the “Most Wanted” list, the bureau began putting phot

    Who are some of these white collar fugitives and what did they do to attract the FBI’s attention? Find out.

  • How the Wealthy Get to the Games Tuesday, 31 Jul 2012 | 8:18 AM ET

    For those who can afford the $1,600 fare, getting to the Olympics means a quick ride on a yacht up the Thames.

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  • A reporter and editor, Robert Frank is a leading authority on the American wealthy for CNBC.

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