NEW YORK, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive officer, told CNBC on Monday that the company had sold its entire stake in Exxon Mobil Corp because it could use the money in both an acquisition and stock purchases. He said Exxon Mobil remains a "wonderful company" even though "its current earning power has been diminished...» Read More
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.
The split between oil king Harold Hamm and his wife could required him to sell a large number of shares or give her shares that she might then sell.
CNBC's Robert Frank reports billionaire Harold Hamm's divorce could take the top spot as the most expensive divorce on record.
While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
CNBC's Robert Frank reports recent data shows there is a wealth gap growing, even among the wealthy.
Rising stocks, an improving economy and the 2013 tax hikes have driven prices up for mountain homes in the West after a four-year drought.
The collectibles market grew by 175 percent over the past 10 years – a far better record than U.S. stocks. The biggest surprise? Coins.
When it comes to philanthropy, wealthy Americans lead the world, but a new survey suggests they could give more.
Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
Saudi Prince Alwaleed bin Talal is severing ties with Forbes Magazine because he claims his net worth is grossly undervalued. Kingdom Holdings CFO Shadi Sanbar offers insight.
In pure dollar terms, Americans are nearly as wealthy as ever, but only if housing continues to strengthen will the so-called 'wealth effect' kick in.
A look at where the wealthiest are spending the most money to buy their fabulous homes, with CNBC's Robert Frank. (1:30)
Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
The zeal with which Swiss citizens backed the curbs on executive pay is just the latest sign that Switzerland's relationship with the ultra-wealthy is beginning to change.