There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.» Read More
Even if you have $1.4 million to buy a LaFerrari, you probably can't get it. The supercar's sold out.
The "Freedom Ship International," a mile-long, 25-story tall floating city, is out looking for funding.
Millionaires are feeling better about the economy, but more skeptical of the stock market, according to Spectrem Group's Millionaire Investor Confidence Index.
ALBANY, N.Y.-- New York Gov. Andrew Cuomo is promising to use a rare budget surplus to cut local property taxes during the coming election year, but he won't touch temporary tax increases he's extended twice.
New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.
Angelina Jolie did not buy a private island in upstate New York for Brad Pitt's 50th birthday, according to people close to the situation.
It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.
A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.
China may not have the most billionaires, but it does have the youngest.
China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.
Sotheby's held the biggest auction in its history on Wednesday, led by a record-setting $105 million work by Andy Warhol.
Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.
While most of the private jet market is weak, some owners of Gulfstream's top-of-the-line G650 are “flipping” the planes for big profits.
CNBC's Robert Frank says three Twitter honchos shared a $4 billion jackpot on the company's IPO day.
A new report says the combined fortunes of the world’s billionaires have doubled since the financial crisis, but what do we know about them?
Asia churned out the highest number of billionaires globally in 2013, a stark contrast to Europe - which saw a decline in its ultrawealthy population.
Lackluster sales at a recent Christie's auction may not be a sign that the frothy art market is finally breaking down.
Wealthy Chinese may not be buying many big yachts. But they are buying up big yacht companies. A look at what's driving the trend.