GO
Loading...

Wealth

More

  • Freddie Mac Loan Deal Defective: Report Tuesday, 27 Sep 2011 | 2:54 AM ET
    Freddie Mac

    Freddie Mac used a flawed analysis when it accepted $1.35 billion from Bank of America to settle claims that the bank misled it about loans purchased during the mortgage boom, according to an oversight report scheduled for release on Tuesday.

  • Warren Buffett

    Warren Buffett's estimated fortune dropped by $6 billion over the past year to $39 billion in the just-released Forbes 400 list of richest Americans. He's the only person in the top 20 to see his wealth drop.  But he's also number one on the magazine's ranking of biggest charitable gifts made by members of the Forbes 400 club.

  • A Channel Woos the Man With Spare Cash for Toys Monday, 19 Sep 2011 | 11:33 AM ET
    Velocity

    When Discovery Communications set out to reformat HD Theater, the nine-year-old home of high-definition documentaries, its executives assessed the crowded cable programming landscape and asked what was missing — where there was “white space,” as one later put it. The New York Times reports.

  • China’s 10 Wealthiest Billionaires Friday, 16 Sep 2011 | 12:38 AM ET
    It's been a bumper year for China's super rich, never mind the growing gloom and doom over the global economy. The Shanghai-based Hurun Research Institute's 2011 rich list, which tallies up China's 1,000 richest men and women has, for the first time, a record 271 billionaires on it. The cut-off to make this annual list has doubled from two years ago to $310 million.On the whole, China's 1,000 richest people have an average wealth of $924 million. The country is now also home to about one million

    We've put together a list of the top 10 richest people in China based on the Hurun Rich List. Find out who are China’s top billionaires and which companies they run.

  • Warren Buffett

    Warren Buffett says the two new money managers he hired will be paying taxes at a much higher rate now that they'll be getting a salary from Berkshire Hathaway, but they're not bothered "one bit."

  • Who's Buying Gold? Err, Everyone Monday, 29 Aug 2011 | 3:33 PM ET

    As demand outpaces the constrained small supply of gold — who has the most?

  • ‘Think Your Way to Wealth’ — Revisiting a Classic Tuesday, 16 Aug 2011 | 11:58 AM ET
    Napoleon Hill

    Napoleon Hill who died in 1970, remains one of the leading voices in the self-help genre. His books continue to sell worldwide. His 1948 "Think Your Way to Wealth" was recently reissued and still offers new lessons in the importance of teamwork and self-awareness.

  • The Risk of Hiring Risk-Happy Relationship Managers Monday, 15 Aug 2011 | 11:26 PM ET

    Relationship Managers in Asia tend to see themselves more as the clients’ ambassador within the bank than as the bank’s representative with the clients, as they constantly move from bank to bank.

  • China’s New Wealth Spurs a Market for Mistresses Wednesday, 10 Aug 2011 | 2:56 AM ET
    Asian man kissing girlfriend goodbye

    After the downgrade of American debt, many Chinese asked whether their government had invested wisely. The NYT reports.

  • Resisting the Urge to Run Away From Home Saturday, 6 Aug 2011 | 7:50 AM ET
    Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade in Chicago, Illinois, U.S.

    Scaling back on stocks in countries with economic woes might be tempting, but few knee-jerk investing strategies born in uncertain times prove wise, the New York Times reports.

  • Pearls, Finer but Still Cheap, Flow From China Tuesday, 2 Aug 2011 | 1:51 AM ET

    Chinese companies are using new techniques that help make pearls cheaper, throwing the industry into turmoil. The NYT reports.

  • Wealthy Are 'Frozen' as Debt Uncertainty Persists: UBS Thursday, 28 Jul 2011 | 5:02 PM ET

    There is a lot that is getting better about the U.S. economy but the continued uncertainty on the debt ceiling talks is causing UBS' high-net-worth clients to hold on to more of their cash, Robert McCann, CEO of the Wealth Management Americas business, told CNBC Thursday.

  • To Slow Piracy, Internet Providers Ready Penalties Friday, 8 Jul 2011 | 8:25 AM ET
    iPod Touch

    Americans who illegally download songs and movies may soon be in for a surprise: They will be warned to stop, and if they don’t, they could find their Internet access slowing to a crawl, the New York Times reports.

  • Fewer Americans File for Bankruptcy Thursday, 7 Jul 2011 | 11:03 AM ET

    After steadily climbing for several years, the number of Americans filing for bankruptcy is on the decline, though that is not necessarily an indicator of an improving economy the New York Times reports.

  • Top Dogs Take Bigger Slice of Spoils Thursday, 30 Jun 2011 | 12:20 AM ET

    To adapt the exchange between Ernest Hemingway and his literary agent: the super-rich are very different from the rich. They have even more money, according to the FT.

  • The King of Really Big Diamonds Heads to China Sunday, 19 Jun 2011 | 10:06 AM ET
    Diamonds

    Laurence Graff, who has sold his luxurious diamond jewelry to everyone from Oprah Winfrey to Arnold Schwarzenegger, sees serious potential in Asia's rising number of wealthy shoppers and is making a big push into China.

  • Why the Wealthy in Asia Are So Different From the Swiss Tuesday, 14 Jun 2011 | 10:34 PM ET

    The different styles of investors in Europe and Asia pose unique challenges for the bankers managing their money.

  • Hugh Hefner's New Neighbor Tuesday, 14 Jun 2011 | 1:00 PM ET
    Bernie Ecclestone

    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.

  • Spelling Mansion Sold to 22-Year Old Tuesday, 14 Jun 2011 | 11:07 AM ET
    Priced at $150 million, Candy Spelling's Holmby Hills mansion is on the market.

    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.

  • The Case for Inherited Wealth Thursday, 9 Jun 2011 | 2:24 PM ET

    Should the government confiscate all wealth from the dead by imposing a 100 percent inheritance tax?

 

Financial Advisors