Billionaire distressed debt investor Marc Lasry tells CNBC that both companies and stocks are bargains.» Read More
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.
Speculation about Russian President Vladimir Putin's net worth is rife, but getting a true estimate is very difficult. A look at why.
Despite a deceleration in China's economic growth, the country is minting billionaires at an astonishing pace.
Being a billionaire isn't so special anymore. A study finds that the number of billionaires has surged past 2,000.
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.
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.
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.
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.
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".
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.
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.
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.
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.
The acquisition is said to be one of the billionaire's top three holdings, reports CNBC's Scott Wapner.
Wendi Deng has hired the well-known New York attorney William Zabel to represent her in her divorce from Rupert Murdoch, CNBC has learned.
Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.
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.