Million-dollar summer rentals in the Hamptons seem to be proliferating, but the number of rich people willing to rent them appears more limited.» Read More
Luxury brands are snatching up lamb skin, tanneries and crocodile skin suppliers. Chanel bought Bodin-Joyeaux Tannery, reports CNBC's Robert Frank.
Jan Hatzius, Goldman Sachs chief economist, comments on the jobs report , when he expects tapering and discusses his healthy economic outlook for 2014.
Nelson Mandela embraced free markets, but thought that "with great wealth comes great responsibility," Sir Richard Branson tells CNBC.
Edward Hopper's painting "East Wind Over Weehawken" just sold for $40.5 million. CNBC's Robert Frank reports this is a new record for the artist.
Young pro athletes often burn through big money contracts, but Philadelphia 76ers phenom Michael Carter-Williams is going to an extreme to protect himself.
CNBC's Robert Franks reports that Edward Hoppers "East Wind over Weehawken" beat expectations and sold for $40.5 million at Christie's.
Edward Hopper's famous portrait of economic hardship has just become the new symbol of unbridled wealth.
CNBC's Robert Frank says inequality today is lower than it was when the economy was much stronger.
CNBC's Eamon Javers reports according to the Washington Post says the new study showing a third of U.S. bank tellers rely on public assistance, was released by a labor-backed group.
A new study shows a third of U.S. bank tellers rely on public assistance. CNBC's Kayla Tausche reports the 540,000 bank tellers make an average of roughly $26,000. Robert Frank breaks down the wealth gap in the U.S.
There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.
The idea of giving to those in need seems to have become buried under a pile of boxes and wrapping paper. It's social media to the rescue.
An unlikely man from Seattle donated millions to three institutions in his will, reports CNBC's Robert Frank.
Even if you have $1.4 million to buy a LaFerrari, you probably can't get it. The supercar's sold out.
Edward Hopper's "East Wind Over Weehawken" will be auctioned at Christie's this week. CNBC's Robert Frank reports.
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.
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.
CNBC's Robert Frank reports on plans for the "Freedom Ship," a mile-long, 25-story megaship that would cost $10 billion to build.
CNBC's Robert Frank takes a look at why the rich are concerned about the stock market.
The "Freedom Ship International," a mile-long, 25-story tall floating city, is out looking for funding.
As Americans live longer and amass debt into retirement, heirs are having to untangle outstanding credit obligations.
With same-sex marriage legal in all 50 states, LGBT couples must look at financial issues such as estate planning.
Advisor Richard Coppa says investors should weigh the risks and rewards of alternatives before allocating funds.