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Billionaires

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  • Billionaire Wins $12 Million in Fake Wine Suit Friday, 12 Apr 2013 | 4:13 PM ET
    William Koch

    That'll give him something to wine about: A judge awarded a billionaire $12 million after a tech entrepreneur sold him vintage wine that turned out to be fake.

  • Are Billionaires Just Smarter?  Friday, 12 Apr 2013 | 1:26 PM ET

    A new study from Duke University shows that 45 percent of billionaires are in the top 1 percent of intelligence, with the "Power Lunch" crew and Business Insider's Henry Blodget.

  • What's Juicing Stocks, Real Estate and Old Stamps Thursday, 11 Apr 2013 | 12:05 PM ET
    London's famed Park Lane Hotel.

    The gusher of cash from the Fed explains why prices for everything from 1950s Ferraris to Brazilian farmland to old U.S. stamps are surging.

  • Invest Like Buffett? There’s an App for That  Wednesday, 10 Apr 2013 | 10:22 AM ET

    Raul Moreno, IBillionaire co-founder, explains how his app can help people invest like Warren Buffett or Carl Icahn.

  • Lauder Gives Away $1 Billion Worth of Art Wednesday, 10 Apr 2013 | 9:04 AM ET
    Leonard A. Lauder

    Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.

  • Ousted KPMG Auditor for Herbalife Has Been Identified Tuesday, 9 Apr 2013 | 12:44 PM ET

  • Where the Mega-Homebuyers Are: 10 Top ZIP Codes Monday, 8 Apr 2013 | 1:47 PM ET

    Which ZIP codes were home to the priciest home sales? A new report takes a look.

  • New 590-Foot Mega-Yacht Eclipses Russian's Record Monday, 8 Apr 2013 | 10:46 AM ET
    Azzam, thought to be the world’s largest yacht, launched.

    A new yacht launched Friday bumped Russian oligarch Roman Abramovich's yacht – the 536-foot Eclipse – from its number one ranking.

  • Tale of Two Wealth Effects  Friday, 5 Apr 2013 | 10:31 AM ET

    CNBC's Robert Frank explains the "wealth effect" and what today's market sell off says about the wealthy.

  • Fight Over a Tabloid Fortune  Thursday, 4 Apr 2013 | 4:51 PM ET

    CNBC's Robert Frank reports on a bitter family feud that involves dueling allegations of fraud, lavish spending and tens of millions of dollars in private jet rides for puppies.

  • Wealthy Beware! IRS Audit Squad Nabs One in Eight Thursday, 4 Apr 2013 | 2:59 PM ET

    New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.

  • SAC's Cohen Hiding Assets?  Monday, 1 Apr 2013 | 10:22 AM ET

    CNBC's Robert Frank reports why Steve Cohen did not buy a pricey home in the Hamptons and a Picasso piece, Le Reve, to protect his assets from any kind of litigation or claim.

  • "G.I. Joe: Retaliation" won the weekend box office battle in the United States and Canada, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.

  • Dell Warns of Risks of Remaining a Public Company Saturday, 30 Mar 2013 | 12:05 AM ET

    Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.

  • Douwe Egberts Coffee Group Gets $8.2 Billion Bid Friday, 29 Mar 2013 | 4:15 AM ET

    D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.

  • Steve Cohen's Spending Sprees  Thursday, 28 Mar 2013 | 2:30 PM ET

    SAC's Steve Cohen recently bought a $60 million property in the Hamptons, reports CNBC's Robert Frank.

  • Cha-Ching! Taxes Won’t Stop Rich From Spending Wednesday, 27 Mar 2013 | 12:20 PM ET

    "Taxes are going to kill spending!," they cried. "Don't punish the rich!" Well, the rich have spoken and guess what? They're still spending.

  • World's Most Expensive Penthouse? Tuesday, 26 Mar 2013 | 12:54 PM ET
    One of the designs for a penthouse at the Tour Odeon in Monaco.

    Here's one sign of a global housing recovery: Every month seems to bring a new "world's most expensive" listing or sale. This month's offering is the penthouse of the Tour Odeon in Monaco.

  • Boris, Cyprus and the Curse of the Russian Rich Monday, 25 Mar 2013 | 12:02 PM ET
    Boris Berezovsky

    The Cyprus bailout and the death of Russian oligarch Boris Berezovksy this weekend might seem like entirely separate events. But they are deeply connected. And they share the same root tragedy: Call it the "The Oligarchs' Curse."

  • Blackstone, Icahn Set up 3-Way Battle to Buy Dell Sunday, 24 Mar 2013 | 1:22 PM ET

    Dell appeared to have received competing offers following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war.