There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.» Read More
Wealth among the richest in the Asia-Pacific region could surpass that of North America as soon as next year, a joint report by Capgemini and RBC Wealth Management showed on Wednesday.
It's simply known as "The Ski Home." This Aspen, Colo., megamansion is the largest home in town. CNBC cameras take you on a VIP tour with the owner.
Millionaires can be forgiven for feeling, well, a little average. There are millions of millionaires in the U.S. Here are some signs you're super rich.
CNBC's Sharon Epperson reports how some retirees became millionaires from their retirement savings. "Most millionaires are able to accumulate their wealth because they didn't spend it," says Barry Glassman of Glassman Wealth Services.
*China sales to slow to around 200 cars in 2013. NEW DELHI, Sept 23- Italian car maker Lamborghini will struggle to find another China as sales of its super sports cars in the world's biggest auto market have hit the skids due to a government campaign against conspicuous spending.
It’s one of the most exclusive homes in America, but only CNBC's cameras granted access to tour this luxury manse.
Boasting 30,000 square feet, the Stone Mansion has 11 bedrooms, 19 bathrooms and 29 cameras that can be monitored from anywhere on earth.
A proposed settlement in the $300 million estate of heiress Huguette Clark would give more than $30 million to her relatives, most of whom never met her. NBC News reports.
The winner of the NBC's "Million Second Quiz" Andrew Kravis discusses his $2.6 million winnings. Former NFL players Jack Brewer, The Brewer Group, and Tom Freeman, UBS Financial Services, direct Andrew to where he should put his newly won money.
The racehorse market took a spill during the recession and didn't look ready for a comeback. But suddenly, Thoroughbred prices are charging ahead.
In an interview with Reuters on Thursday, President Horacio Cartes said he expects Paraguay to rejoin Mercosur, which includes Argentina, Uruguay, Venezuela and Brazil. Paraguay, Mercosur's smallest member, was suspended last year after the hasty impeachment of President Fernando Lugo.
Billionaire Stanley Druckenmiller said quantitative easing is just another version of trickle-down economics. Some economists agree.
We found the best kept secrets in luxury in some very unlikely places. You’ve probably never heard of these tiny towns unless you’re super rich.
Record lottery payouts are rewriting the conventional financial wisdom about how the winners can best handle their good fortune, from tax advice to their reconfigured lives.
The price marks a sharp fall for a house that got widespread media attention and listed last year for $125 million.
Settlement efforts have delayed the trial of who will inherit the $300 million estate of copper mining heiress, Huguette M. Clark.
The wealthy should give less to charity and invest more of their money in start-ups, said Scott McNealy, the former CEO of Sun Microsystems.
The 400 richest Americans are now worth a combined $2 trillion, according to Forbes. That's more than the GDPs of many nations.
Newport's storied mansions were left behind in the 1990s and 2000s, but its oceanfront estates are regaining their shine as new buyers come to town.
President Barack Obama said government can and should shrink the gap between the rich and poor. Here are some reasons why that's wrong.