The amount of billionaires has doubled since the financial crisis, according to a report from global charity Oxfam.» Read More
Alisher Usmanov, founder of USM Holdings, tells CNBC that those who have sold down positions in Apple either have short money or are limited in waiting for the company's maturity.
Juan Carlos of Spain wants to turn over his 136-foot yacht to the government "for austerity reasons." But it wasn't the government who gave it to him.
British luxury group Burberry posted a 14 percent rise in full-year pretax profit and said profit for the first half of its new fiscal year would be below last year's as it reduces its wholesale business in favor of retail markets.
The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
News that the Internal Revenue Service scrutinized conservative political groups has put the spotlight on another IRS target: the wealthy.
F. Scott Fitzgerald didn't get much for film payments Here's what he got in 1926.
The impulse to help after a disaster is natural, whether it's the Bangladesh accident or the Boston attacks. But giving true help is tricky.
French luxury goods maker Hermes posted first-quarter sales ahead of forecasts, driven by strong demand for its silks, accessories and ready-to-wear.
A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.
Several hedge fund leaders who had giant paydays last year earned their riches the old-fashioned way: by posting big returns on their investments. The New York Times reports.
Businesses and wealthy owners of estates ask the IRS for changes to a 3.8 percent tax on investment income to fund Obamacare.
Ocappi, an online diamond company launching Wednesday, aims to equip men with multiple rings to choose from. Each ring will require a $75 deposit and must be returned within five days.
Tax incentives to spur retirement-plan contributions lead only relatively wealthy, well educated Americans to save more, studies show. Automatic contributions work much better.
From early withdrawals from 401(k) accounts to how you handle gifts from Grandma, here are five pitfalls to avoid while applying for college financial aid.
A tax on wealthy New Yorkers follows efforts in other states to improve shaky balance sheets with revenue from those with top incomes.
Rich people are picking up the slack in spending, with the rest from those working in an economy of under-the-table cash payments.
Jumbo loans are returning to the mortgage market after almost disappearing entirely in the wake of the credit crisis of 2008 and the real estate meltdown.
Following an unconfirmed report that upscale retailer Coach is exploring a sale of itself, the company's shares rose in early trade.
Dennis Tito, who paid a reported $20 million for a ride on a Russian spacecraft, is said to be backing a privately funded, possibly manned, shot at Mars.
For $75,000, this matchmaker will help high-flying executives find the match that meets their every demand and handles it discreetly.
Think stock market is a casino, a Ponzi scheme and you should stay out? That cynicism is costing you, says an advisor.
Asset size, number of heirs, life events, tax law and even the economic climate can impact how you should craft your estate plan.
Record-breaking market highs have led investors to forget that accepting risk is inherent in any long-term investment strategy.