A tropical island in the Indian Ocean will go on sale on Wednesday, allowing punters to buy a piece of paradise for around $14 million.» Read More
Warren Buffett has certainly lost billions of dollars over the past year, but has he lost his title of "World's Richest Billionaire?" We'll find out when the 2009 edition of the widely-followed Forbes ranking of global wealth is released at 6p ET tonight (Wednesday).
The wealth and population of high net worth individuals surpass 2007 pre-crisis levels in nearly every region last year, according to the report just out from Merrill Lynch. Details with John Thiel, Merrill Lynch president and CNBC's David Faber.
A tax break long untouchable could soon be in for some serious scrutiny, the New York Times reports.
After losing his job as the security manager for a Fortune 500 company, Mark Cooper is grateful for a $12-an-hour “survival job.”
The wealthiest stand to lose the most under President Obama’s proposed budget, while individuals with lower incomes could gain in many different ways. But many of those in between — those with household incomes of $200,000 to $400,000 or so — may not see as much of a difference in their tax bills as they may have feared.
By most measures, the personal finances of Anne Zimmerman, a small-business owner in Cincinnati, have little in common with those of Oracle’s chief executive, Lawrence J. Ellison. The NYT reports.
Mayan end times prophesies aside, it's Washington's Sisyphean effort to balance its books that might bring about Armageddon.
In the economic downturn, financial advisers have been taken to task. But what, exactly, does your wealth manager owe you? And what can you never reasonably expect? The New York Times has answers.
The New York Times reports on some of the biggest provisions in the stimulus bill - the ones that will hit you directly in the wallet.
Raising taxes on the wealthy along with entitlement reform and spending cuts need to be part of any solution to the country’s fiscal problems, Jeff Gural, Newmark Knight Frank Chairman, told CNBC’s “Squawk on the Street” on Monday.
Millions of parents who have taken out loans to pay for their children’s college education have since fallen on tough times because of the recession, health problems and job loss.
In just a couple of hours on Tuesday, two high-level nominees for jobs in the Obama administration took themselves out of the running because of tax problems that they could have avoided. So what sort of mess is lurking in your return?
There are a number of reasons why it would be a bad idea to plan on getting any inheritance from your older relatives, the New York Times reports.
Professionals, like doctors and lawyers and anyone else who might be sued, should work with an adviser to keep creditors from cleaning them out if they lose in court
While salaried employees worked if they could, often from home after Hurricane Sandy, many of the poorest New Yorkers faced the prospect of losing days, even a crucial week, of pay on top of the economic ground they have lost since the recession. The New York Times reports.
The CNBC/Portfolio.com Wealth in America Survey finds Americans painting a deeply grim picture of the current state of the economy. Click ahead to learn more.
The travel industry is bracing for a painful holiday season as people scale back their discretionary spending. But that is good news for anyone who has yet to book a winter getaway, with hotels, airlines and cruise operators introducing last-minute deals to entice vacationers, the New York Times reports.
The wealthier the Californian, a study of tax data says, the less likely he or she is to move to avoid taxes aimed at the rich.
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.
Gen X faces retirement planning that will include no pension, a potential Social Security haircut and stagnant wages.
Some 15 percent of sandwich generation adults in their 40s and 50s are financially supporting both an aging parent and a child.
With 1 in 5 Americans a victim of credit-report errors, an annual financial checkup is just as important as a yearly physical.