Which city has the highest percentage of millionaires? Monaco, where nearly one in three are millionaires.» Read More
The different styles of investors in Europe and Asia pose unique challenges for the bankers managing their money.
I've been covering the reported sale of Candy Spelling's mega mansion in Holmby Hills, just around the corner from Hugh Hefner's Playboy Mansion. Hef, the new neighbor is your kinda guy.
According to reports, Petra Ecclestone's father, Formula One boss Bernie Ecclestone, has bought his daughter a 56,500-square-foot mansion (plus the 17,000-square-foot attic) that Candy Spelling has had on the market for $150 million, the highest U.S. home price ever.
Should the government confiscate all wealth from the dead by imposing a 100 percent inheritance tax?
Fans of rock groups can get a little testy when their heroes display a less than straightforward attitude to their tax affairs. The latest victim of this is U2, one of the world’s biggest stadium rock bands, which will face protests during its high-profile set at Glastonbury this year.
After 33 years of marriage, Steven Simkin and Laura Blank divorced in 2006. They agreed to split their considerable wealth equally. More than two years later, Ms. Blank received a voicemail message that stunned her: Mr. Simkin wanted to revise their settlement. She refused, and he sued, the New York Times reports.
In an era where divorce tourism is becoming increasingly common, with the globe-trotting super-wealthy trying to split up wherever will give them the best deal, London has the potential to become the divorce capital of the world.
See what's happening, who's talking and what will be making headlines on Thursday's "Squawk on the Street."
Prince William and Kate Middleton’s wedding is about to showcase a Royal Britain to billions of TV viewers around the world. But the real truth behind Windsor Money is as surprising as any fairytale.
Student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year as more students go to college and a growing share borrow money to do so, reports the New York Times.
Today I hit the big 5-0. That noise you hear is me shuddering. I'm trying to make light of it all to mask the pain — "If I'd known Depends were so convenient and useful, I would've started wearing them at 40!"
In Wisconsin, new pension cost estimates are expected to show that contribution levels are too meager and more money will be needed from public workers, the NYT reports.
Millionaires are more optimistic about the economy but unlike the rest of us, they don’t blow their whole paycheck on videogames and Little Debbie snack cakes. If you want to get rich, you're going to have to get off the couch.
I present to you—without editorial comment—a bullet list of quotations, taken from an article in The Financial Times, analyzing the makeup of the new Forbes billionaire list.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companies adopted years ago, reports the New York Times.
The lion's share of our recent economic gains have accrued to the relatively rich, while moderate- and lower-income Americans continue to suffer from high unemployment, weak income growth, high debt burdens, falling home prices, reduced access to credit, and inadequate retirement savings.
New York court officials outlined procedures Tuesday aimed at assuring that all homeowners facing foreclosure were represented by a lawyer, a shift that could give tens of thousands of families a better chance at saving their homes. The New York Times reports.
Russia boasted 114 dollar billionaires at the end of last year, according to an annual ranking of the country’s richest 500 published on Monday by Finans magazine. The new record represents a remarkable comeback for a breed that seemed endangered when Russia’s stock market hit rock bottom in February 2009.
While many foreclosures are still unopposed, courts are seeing a sharp rise in cases where defendants show up representing themselves, the NY TImes reports.
They may not be the most desirable client segment now, but advisors need to win over Gen X and Gen Y investors.
Home sales are surging, and summer is a big season for deals. Here are eight mistakes that homebuyers need to avoid.
It's time for members of Gen X, renegades and loners, to start looking to financial experts for help with their investments.