There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.» Read More
Calls to tax the rich are suddenly reaching higher volume, whether it's Bill Gross' “Scrooge McDuck” blog or a ballot measure in Colorado to make high earners pay for schools, or New York's Bill de Blasio’s tax proposal.
CAIRO, Nov 4- When Muslim Brotherhood leader Mohamed Mursi broke out of an Egyptian jail during Hosni Mubarak's final days in office in 2011, he little thought he would end up behind bars again.
Two new surveys find that the debt cliffhanger in Washington earlier this month left top investors badly shaken.
Wealth-X has put together a list of all 50 states with their top wealth-holders. A look at how the states stack up.
Eike Batista declared in 2011 that he would soon become the richest man in the world. Instead, he may become known for the largest personal-wealth loss.
In a big twist, a recent survey of top luxury CEOs lists North America as the most important market for growth over the next five years.
RAMALLAH, West Bank, Oct 27- The arteries of Gaza's economy have collapsed as Egypt demolishes the smuggling tunnels along its sandy border. The crackdown on the Gaza Strip and stagnation in the West Bank mean the Palestinian economy might shrink this year after average annual growth of about nine percent in 2008-2011..
The world’s largest orange diamond will be hitting the auction block and it’s expected to set a new world record for “fire diamonds” in both size and price.
Rachael Sacks said she has no intention of apologizing or flip-flopping on her views about wealth discrimination. A person's a person, she seems to argue, no matter how rich.
Fashion tycoon Tommy Hilfiger is listing his duplex at the Plaza Hotel for $80 million, making it one of the most exclusive condo listings in Manhattan.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Very few bars serve drinks that cost a small fortune. An exception is the King Cole Bar at the St. Regis New York.
Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.
The CEO snapped up the Lotus body for $989,000, and confirmed plans to turn the prop into a real, working sub car using a Tesla electric drivetrain.
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
When Sara Blakely was growing up, her father would ask her: "What have you failed at this week?" That acceptance helped feed her later success.
Remember that test we all had to take back in high school that was supposed to let you know what job you might be well suited for one day? These five jobs were nowhere on that list.
There's a stretch of asphalt 95 miles north of New York City where super-rich drivers can go super fast. The cost? Initiations fees start at $125,000.
Studies suggest the American wealthy could be even more generous than they already are, so why don't they give more? It depends who you ask.
Two Russian multimillionaires racked up a $207,116 bill between them in a head-to-head contest at a London nightclub, to see who could amass the biggest bar tab.