In an escalating divorce battle, hedge-fund billionaire Ken Griffin says his wife, Anne Dias, wants $1 million a month for child-related expenses.» Read More
We’ve compiled a list of Asia-Pacific’s10 richest families. Find out which families are among the wealthiest in the region.
Family offices, a personalized wealth management service, is fast gaining currency with India’s rich who are often reluctant to take professional advice.
Asian financial markets have shown in recent months that they remain extremely vulnerable to economic shocks, but some investors have been riding this volatility, using the selloff to shop for cheap stocks and bonds and investing in esoteric products to profit from the turmoil.
If the European Union works out a "credible, convincing debt program," sovereign wealth funds may see it as an opportunity to invest, Jin Liqun, chairman of the board of supervisors for China Investment Corporation, told CNBC Friday.
While the headlines brim with tales of the euro zone debt crisis, rising inflation and people like Nouriel Roubini warning of an approaching hard landing in China, there’s evidence that some market players, at least, are getting richer.
The “99-percenters” protesting at Occupy Wall Street should think about occupying the C-suites across America as well, at least if their primary complaint is about income inequality. Catherine Rampbell of the New York Times explains.
Excuses, excuses followed by more excuses. When is the broader asset management industry going to put its hands up and say; "We were wrong," or "We really don’t know what we are doing," or even, "I’m going to fall on my sword, sell my five houses on the Wentworth Estate and distribute the proceeds among those foolhardy enough to believe I could make them money"? The answer of course is NEVER!
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'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.
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.
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 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."
As demand outpaces the constrained small supply of gold — who has the most?
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.
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.
After the downgrade of American debt, many Chinese asked whether their government had invested wisely. The NYT reports.
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.
Chinese companies are using new techniques that help make pearls cheaper, throwing the industry into turmoil. The NYT reports.
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.
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.
A TD Ameritrade study shows potentially rich millennials are neglected by advisors focused on older, wealthier clients.
Although pricey, long-term-care insurance can help defray the sky-high costs of medical care for many elderly patients.
A survey of the CNBC Financial Advisor Council is bullish on emerging markets as a hedge against market volatility.