BOSTON, June 2- Billionaire investor William Ackman's hedge fund has taken a position in Nomad Foods Limited, a young company created to make acquisitions in the food industry, according to a release made by the London Stock Exchange on Tuesday. Pershing Square crossed the 20 percent threshold on the Nomad stake on May 26, according to the filing.» Read More
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.
A new report suggests Brazil's OGX is possibly filing for bankruptcy protection, reports CNBC's Michelle Caruso-Cabrera.
Mexican billionaire Ricardo Salinas of Grupo Salinas says fixed rate securities are attractive in Mexico. He also sees a lot of opportunity in the telecom space. "Everybody wants a smartphone," he adds.
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.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.
Deep-pocketed, high-profile individuals are pouring millions of dollars into these money-losing businesses, often without any goal of earning a return.
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.
CNBC's Robert Frank shares a peak at Wednesday's season finale of "Secret Lives of the Super Rich."
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.
U.K. billionaire Richard Branson mounted a swift online defence of his decision to move to his private Caribbean island retreat.
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.
The French Riviera hasn't lost its cachet, topping the list of prime residential enclaves for the ultra-wealthy, according to research from Savills.
A peek inside Feadship, one of the world's most prestigious makers of megayachts, including those for Steve Jobs and Larry Ellison.
Inequality is all relative. It now takes at least $100 million to matter in New York, leaving many wealthy feeling disadvantaged.
CNBC's Robert Frank reports John Arnold pledged up to $10 million to fund head start programs that were closed because of the government shutdown.
The sticker shock is just the beginning—the cost to keep a mega-yacht afloat is pretty mega ,too, according to some experts and owners.
Check out this supercar once owned by Barbara Hutton, and visit the island where the super rich spend more than $50 million on classic cars in a weekend.
Twitter will get a public value of as much as $10 billion, but only one shareholder will become a billionaire—and he's no longer with the company.
If you can't buy it, build it. These 5 expensive replicas that may be even better than the real thing.