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
Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.
The CEO snapped up the Lotus body for $989,000, and confirmed plans to turn the prop into a real, working sub car using a Tesla electric drivetrain.
Deep-pocketed, high-profile individuals are pouring millions of dollars into these money-losing businesses, often without any goal of earning a return.
The violin famously played by the Titanic's bandmaster as the ship sank on its maiden voyage in 1912 sold for £900,000 ($1,454,400) at auction on Saturday.
Teaching charity is important, but taking your kids to work at a soup kitchen during the holidays is not the way to do it. Here's what works.
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
CNBC's Robert Frank shares a peak at Wednesday's season finale of "Secret Lives of the Super Rich."
Sara Blakely, founder and inventor of Spanx shares her father's parenting strategy of encouraging failure. CNBC's Robert Frank reports.
When Sara Blakely was growing up, her father would ask her: "What have you failed at this week?" That acceptance helped feed her later success.
Remember that test we all had to take back in high school that was supposed to let you know what job you might be well suited for one day? These five jobs were nowhere on that list.
The CEO of Burberry Angela Ahrendts is leaving the company to head Apple's retail division. Peter Blair, dean of NYU Stern School of Business; and CNBC's Jon Fortt and Robert Frank, discuss whether "ivy leaguers" are still at the top of businesses.
The CEO of Burberry Angela Ahrendts is leaving the company to head Apple's retail division, reports CNBC's Robert Frank.
Christopher Bailey will take over from Angela Ahrendts at Burberry, following the latter's departure for Apple.
Luxury down jacket maker Moncler said on Monday it had filed a request with the Italian stock market to list its shares in Milan.
With a price tag of $55 million, the world's most valuable necklace is expected to test demand for ultra-high-end jewelry in Asia.
According to The New York Times, Steve Cohen is selling at least 3 important paintings, including a famous Warhol that could fetch more than $20 million. CNBC's Robert Frank has the details.
Facebook's Mark Zuckerberg paid more than $30 million for four homes near his own to guard against development. CNBC's Robert Frank, and Adam Sank of NBC's "Last Comic Standing."
CNBC's Robert Frank reports on a mansion in Asheville, North Carolina up for sale. A close look at why the home is like a "mini" Biltmore.
Wealthy Americans annually give more than $316 billion to charity, but some think that's not enough. Robert Frank talks about why the rich are tightening their purse strings to charities.
Studies suggest the American wealthy could be even more generous than they already are, so why don't they give more? It depends who you ask.
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.