ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.» Read More
CNBC's Robert Frank reports on the elusive billionaires club.
Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.
CNBC's Robert Frank reports how billionaires are flipping the new G650 private jet for profit.
A new report says the combined fortunes of the world’s billionaires have doubled since the financial crisis, but what do we know about them?
Asia churned out the highest number of billionaires globally in 2013, a stark contrast to Europe - which saw a decline in its ultrawealthy population.
Wealthy Chinese may not be buying many big yachts. But they are buying up big yacht companies. A look at what's driving the trend.
Calls to tax the rich are suddenly reaching higher volume, whether it's Bill Gross' “Scrooge McDuck” blog or a ballot measure in Colorado to make high earners pay for schools, or New York's Bill de Blasio’s tax proposal.
Two new surveys find that the debt cliffhanger in Washington earlier this month left top investors badly shaken.
Wealth-X has put together a list of all 50 states with their top wealth-holders. A look at how the states stack up.
Eike Batista declared in 2011 that he would soon become the richest man in the world. Instead, he may become known for the largest personal-wealth loss.
A new report suggests Brazil's OGX is possibly filing for bankruptcy protection, reports CNBC's Michelle Caruso-Cabrera.
Mexican billionaire Ricardo Salinas of Grupo Salinas says fixed rate securities are attractive in Mexico. He also sees a lot of opportunity in the telecom space. "Everybody wants a smartphone," he adds.
Rachael Sacks said she has no intention of apologizing or flip-flopping on her views about wealth discrimination. A person's a person, she seems to argue, no matter how rich.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.
Deep-pocketed, high-profile individuals are pouring millions of dollars into these money-losing businesses, often without any goal of earning a return.
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
CNBC's Robert Frank shares a peak at Wednesday's season finale of "Secret Lives of the Super Rich."
There's a stretch of asphalt 95 miles north of New York City where super-rich drivers can go super fast. The cost? Initiations fees start at $125,000.
U.K. billionaire Richard Branson mounted a swift online defence of his decision to move to his private Caribbean island retreat.