Dallas was the fastest-growing city in 2013 when it comes to new millionaires, according to a report from Capgemini and RBC Wealth Management.» Read More
The worst may be over for foreclosures in the high-end real-estate market, brokers say
A poll of charitable billionaires found that a majority say taxes impact their giving.
A new study from the non-partisan Congressional Research Service found that tax cuts for the wealthy do not generate stronger economic growth. But they may increase inequality.
Chinese billionaires lost almost a third of their combined wealth in the past year as Asia’s mega rich experienced the biggest drop in their total net worth compared to anywhere else in the world, a new study shows.
The Fed's latest round of quantitative easing will probably benefit the top 5 percent of Americans the most.
While a new study shows that the average One Percenter is worth 288 times the median American, another set of stats shows that the rich aren't necessarily getting richer.
With one eye on his BlackBerry and the other on his wristwatch Kevin Faulkner, a senior executive in Deutsche Bank’s IT team, enjoys a quiet lunchtime pint at The Bank, a popular bar on Singapore’s Raffles Quay. The FT reports.
A man called one of my partners and said he wanted to open a $50 million account. "More to follow if you do a good job."
A new study shows that 62 percent of the people worth $25 million or more plan to buy stocks in the next 12 months.
A new study of people worth $25 million or more shows that they spend more on vacations and home renovations than jewelry or clothing.
In the next couple of weeks, bondholders will vote on the fate of Covalent Materials, the Japanese technology group formerly known as Toshiba Ceramics, which was the object of a leveraged buyout in 2006. Since then, the company’s earnings have halved as competition from lower cost producers has ratcheted up and the company’s technological edge has become duller. Debt that was sustainable in more profitable times has become too burdensome today, even with Japan’s long-term zero interest rate policy. The FT reports.
A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.
Gine Rinehart, the mining magnate who some estimate is the world's richest woman, says those who criticize the rich should work more and drink and smoke less.
Germany and France have agreed to work together in drafting initiatives to combat the eurozone crisis, a move set to allay fears that the governments of chancellor Angela Merkel and president François Hollande were set on a collision course over remedies. The FT reports.
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.
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.
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?
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.
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.
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.
Advisors focused on Gen X and Y clients are blazing trails, creating new fee and service models to serve this large demographic.
Higher tax burdens have many wealthy Americans taking a greater interest in charitable-giving vehicles that offer tax relief.
Gen X faces retirement planning that will include no pension, a potential Social Security haircut and stagnant wages.