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Billionaires

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  • Tentative deal reached in heiress' will dispute Saturday, 21 Sep 2013 | 11:09 AM ET
    Huguette was shy, but not sad. Her friends and the few relatives who knew her describe her as cheerful, gracious, stubborn, and devoted to her art and her charity to friends and strangers. She poses in a Japanese print dress at about age 37.

    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.

  • Billionaires go where? 8 towns that will shock you Wednesday, 18 Sep 2013 | 12:52 PM ET

    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.

  • Heiress Huguette M. Clark estate trial delayed Tuesday, 17 Sep 2013 | 1:13 PM ET
    Huguette was shy, but not sad. Her friends and the few relatives who knew her describe her as cheerful, gracious, stubborn, and devoted to her art and her charity to friends and strangers. She poses in a Japanese print dress at about age 37.

    Settlement efforts have delayed the trial of who will inherit the $300 million estate of copper mining heiress, Huguette M. Clark.

  • Rich, forget charity, start businesses: McNealy Tuesday, 17 Sep 2013 | 9:38 AM ET
    Scott McNealy

    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.

  • 400 richest Americans now worth $2 trillion Monday, 16 Sep 2013 | 3:33 PM ET

    The 400 richest Americans are now worth a combined $2 trillion, according to Forbes. That's more than the GDPs of many nations.

  • New Gilded Age? Newport estates regain their shine Monday, 16 Sep 2013 | 1:38 PM ET
    Wildacre in Newport, R.I.

    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.

  • Why government probably can't close rich-poor gap Monday, 16 Sep 2013 | 12:59 PM ET
    A businessman walks by a homeless woman holding a card requesting money in New York City.

    President Barack Obama said government can and should shrink the gap between the rich and poor. Here are some reasons why that's wrong.

  • Putin on the Ritz? Vlad said to have billions Thursday, 12 Sep 2013 | 12:18 PM ET

    Speculation about Russian President Vladimir Putin's net worth is rife, but getting a true estimate is very difficult. A look at why.

  • China is minting billionaires at astonishing pace Wednesday, 11 Sep 2013 | 10:52 PM ET

    Despite a deceleration in China's economic growth, the country is minting billionaires at an astonishing pace.

  • Welcome new billionaires! Ultrawealthy ranks grow Tuesday, 10 Sep 2013 | 1:49 PM ET
    Jon Oringer, founder of Shutterstock, became a billionaire in June.

    Being a billionaire isn't so special anymore. A study finds that the number of billionaires has surged past 2,000.

  • Who will get Simon Cowell's fortune? Not his son Friday, 6 Sep 2013 | 12:34 PM ET
    Simon Cowell

    With a son on the way, Simon Cowell is making it clear that his $350 million fortune will be given to charity rather than his children.

  • Egg-sized 118-carat diamond may fetch $38 million Thursday, 5 Sep 2013 | 4:26 PM ET
    The 118-carat white diamond, on display at Sotheby's in New York

    Sotheby's is planning to offer a giant D-color diamond next month that could well become the most expensive rock ever sold at auction.

  • Murdoch's prized $29.7 million yacht up for sale Wednesday, 4 Sep 2013 | 2:06 PM ET
    Rosehearty yacht interior

    Less than three months after filing for divorce from his wife of 14 years, Rupert Murdoch has listed the family's 184-foot sailing yacht, the Rosehearty, for $29.7 million.

  • The Brazilian behind your Budweiser and Whopper Thursday, 29 Aug 2013 | 11:26 AM ET
    Jorge Paulo Lemann in 1986

    In the U.S., Jorge Paulo Lemann is virtually unknown, even though he's behind Heinz ketchup, Burger King and Budweiser beer, Bloomberg Businessweek reports.

  • Twitter counters Murdoch in heated Aussie election Sunday, 11 Aug 2013 | 7:13 AM ET

    Rupert Murdoch's crusade to oust Kevin Rudd in Australia's general election has given rise to a heated social media campaign inside a campaign, as Twitter, Facebook and other digital platforms become the weapons used by some to try to outflank Murdoch's "old media".

  • Europe's slowdown forces Finland to turn to Russia Sunday, 11 Aug 2013 | 5:56 AM ET

    After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.

  • Billionaires: New faces of 'newsies'  Tuesday, 6 Aug 2013 | 10:04 AM ET

    CNBC's Julia Boorstin updates us on recent acquisition deals for trophy publishing assets by high-net-worth individuals. Steven Levy, Wired senior writer, provides insight into Jeff Bezos-Washington Post deal.

  • Meet the new wealthy: The cash hoarders Sunday, 4 Aug 2013 | 7:00 AM ET

    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.

  • Yes, the rich are different: They don't retire Friday, 2 Aug 2013 | 12:57 PM ET

    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.

  • The truth behind Peter Buffett's philanthropy rant Wednesday, 31 Jul 2013 | 12:18 PM ET
    Peter Buffett

    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.