NEW YORK, March 12- A U.S. judge on Wednesday ordered former Goldman Sachs Group Inc trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors in a subprime mortgage product that failed during the financial crisis.» Read More
Can the ability to be an entrepreneur or an economic disrupter be taught? Ronald Perelman is betting that it can with a $100 million pledge to the Columbia Business School.
Hedge fund trader Doug Kass will quiz billionaire investor Warren Buffett at Berkshire Hathaway Inc's annual meeting in Omaha this Saturday.
From the rolling green pastures of Virginia to the palatial paddocks of California, equestrian estates are back in vogue.
Two new studies show that the wealthy plan to buy more, despite higher taxes and a dim view of economic growth and government.
A recent jump in investors' confidence has been driven by millionaires, while the merely rich remain unconvinced that the recent stock market rallies are real, a new survey said.
Stung by revelations about his ex-budget minister's Swiss bank account, French President Francois Hollande pushed legislation aimed at making elected officials disclose their wealth.
A new study shows that the stock boom has benefited the rich more than the less affluent, whose wealth is concentrated in their homes.
Singapore could overtake Switzerland as the world's capital for offshore wealth by 2020, a new report says.
"G.I. Joe: Retaliation" won the box office battle, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.
Berkshire Hathaway billionaire Charles Munger is giving a $110 million in stock to the University of Michigan — the largest donation in its history — for a graduate student residence hall.
A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.
As Hamptons homeowners battle beach erosion, a flurry of construction is touching off bitter disputes over the environment, real estate and class.
The founder of the hedge fund Third Point has reportedly purchased the 200-foot "April Fool" from Sandy Weill, the former CEO and chairman of Citigroup for about $52 million.
In the highly personal interview, the cable magnate talked about his wealth, his land holdings and the one toy he does enjoy: Barry Diller's yacht.
The recent birth of a daughter to Roman Abramovich and his girlfriend helps explain why the Russian billionaire has kept his mega-yacht docked on Manhattan's West Side.
Higher than expected tax revenues resulting from outsized gains by the wealthy in 2012 could ease the budget pressures in Washington — or stoke arguments over taxes and spending.
A new study is turning the American dream on its head: Maybe it's not hard work that brings success and money. Maybe it's sheer brainpower.
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.
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.
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.