U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.» Read More
Since the financial crisis, the wealthy have become the nation's top cash hoarders, filling up deposit accounts and money markets at a rapid clip.
When asked "At what age do you expect to retire?" nearly one-third of those with annual earnings of $750,000 or more answered "over 70." Fifteen percent say they never plan to retire.
As China's first-generation entrepreneurs hit retirement age, more than 3 million private businesses will have to deal with succession issues in the next 3-8 years.
He has no interest in taking over his father's business, opting instead to work on a building site in Guiyang in Guizhou province, arriving each day in a Porsche.
Billionaire Warren Buffett's son Peter recently sparked a huge debate over the role of philanthropy with an op-ed he published. A look at the arguments that continue to rage on days later.
From Steve Schwarzman to Sean Parker to Steve Cohen, billionaires who host ill-timed or ill-considered parties can quickly feel the PR pain.
It's hot in the Hamptons this summer! Real estate sales shot up 23% in the second quarter, topping $1 billion.
Slowing economies in places like China and Brazil are weighing on the real estate market as foreign purchases of U.S. property slowed in the 12 months ended in March, a new report said.
A Long Island contractor decided to buy the contents of a storage container for about $100 and inside he found a rare car that was in the James Bond movie, "The Spy Who Loved Me." The car is now up for auction.
*Coal, gas bonanza inflates risk of unmet expectations. BOBOLE, Mozambique, July 23- At Bobole, a bustling refreshment stop on Mozambique's north-south highway, brightly-painted kiosks lined with bottles offer drinks to thirsty travellers while hawkers sell bananas, paw-paws and carrots in a typical African roadside scene.
Everyone has their own definition of what it means to be rich, but a new study from UBS has a cold, hard answer: $5 million—with at least $1 million of that in cold, hard cash.
Last month, a wealthy Middle Eastern family paid $500,000 to charter a private jet. What was unusual was the way the family booked: through an Iphone app.
Summertime seems to bring out a rash of "fantasy" products for the super-rich—crazy trophy toys that are either too crazy or cutting-edge even for today's super-rich. A look at three of the best we've seen.
Brokers and real-estate analysts say there are now more than a dozen homes in the U.S. listed or quietly on the market for $100 million or more, that's more than during the peak of the housing boom in 2007.
The few who can afford to shell out tens of millions for an apartment in one of the new condominiums being built across New York City may find a perk in real estate tax breaks, the New York Times reports.
A 1954 Mercedes Benz Formula One racer just became the most expensive car ever sold at auction, having fetched $29 million.
The price of an Apple-1 computer sold at auction marks a huge increase from its 1976 sale price and shows how rare, highly prized vintage electronics are becoming a class of collectibles.
Azzam, the largest yacht in the world at 590 feet, recently went through its first sea trials where it hit a staggering 31.5 knots making it the fastest yacht longer than 300 feet.
Many banks have a special women's outreach programs, to get a piece of the growing wealth controlled by women, but how much wealth will there be? That's the tough part.
Thieves with very expensive taste in liquor were caught on camera lifting $1.1 million worth of Spirits of the Tsars Golden Vodka from a Florida warehouse.