Every parent should discuss financial matters with their children at some point, with CNBC's Robert Frank.» Read More
Every parent should discuss financial matters with their children at some point, with CNBC's Robert Frank.
Every spring hundreds of yachts migrate from the Caribbean to the Mediterranean and some of them do it by boat, reports CNBC's Robert Frank. (1:00)
A growing number of companies are offering "yacht shipping" services, where yachts are loaded and carried on giant cargo ships to distant locations.
*Risk appetite bigger than at top Wall Street banks. LONDON, May 22- Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
*Risk appetite bigger at top Wall Street banks. LONDON, May 22- Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.
David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.
One small Florida town is buzzing over its newest millionaire, reports NBC's Kerry Sanders.
CNBC's Robert Frank has been looking at IRS audits and has found some troubling trends. Frank VanderSloot, Melaleuca CEO 7 founder, shares his thoughts about his own situation.
There will likely be nothing working class about the new owner of Chaim Soutine's "Little Pastry Chef," one of the painter's series of works depicting anonymous Parisian workers.
A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?
The art auctions in New York this week are fetching some huge prices, with CNBC's Robert Frank.
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
May 12- Tony Stark's superpowers lifted blockbuster "Iron Man 3" back to the top of movie charts in the United States and Canada, beating out a strong debut over the weekend for lavish Jazz Age drama "The Great Gatsby."
In Jay Gatsby's time, the mansions along Long Island's Gold Coast were famous for their excess and price tags. Now, they're more famous for their price cuts.
Taxes paid by the nation's top earners are putting government back in the black, reports CNBC's Robert Frank.
Taxes paid by the top earners are putting the U.S. back in the black, according to the Congressional Budget Office.