Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.» Read More
Everyone has their own definition of what it means to be rich, but a new study from UBS has a cold, hard answer: $5 million—with at least $1 million of that in cold, hard cash.
Last month, a wealthy Middle Eastern family paid $500,000 to charter a private jet. What was unusual was the way the family booked: through an Iphone app.
Summertime seems to bring out a rash of "fantasy" products for the super-rich—crazy trophy toys that are either too crazy or cutting-edge even for today's super-rich. A look at three of the best we've seen.
CNBC's Kate Kelly provides a preview of CNBC's "Delivering Alpha" conference tomorrow in New York City. Today, a look at why hedge fund billionaire John Paulson is getting bullish on housing.
The few who can afford to shell out tens of millions for an apartment in one of the new condominiums being built across New York City may find a perk in real estate tax breaks, the New York Times reports.
In a video clip for an online course on philanthropy, Warren Buffett says he follows Adam Smith's division of labor. "I make it and somebody else gives it away."
A 1954 Mercedes Benz Formula One racer just became the most expensive car ever sold at auction, having fetched $29 million.
Many banks have a special women's outreach programs, to get a piece of the growing wealth controlled by women, but how much wealth will there be? That's the tough part.
You wouldn't know it from looking at all of the glass towers going up across Manhattan, but the city is running out of penthouses and other ultra-luxury apartments, and what's on the market may be overpriced.
The price of buying a Patek Philippe, employing a housekeeper or getting a Botox treatment in London outpaced overall inflation in 2012.
The annual Giving USA report shows charitable giving rose 3.5 percent last year to a record high. However, when adjusted for inflation, the 2012 total is still well below the 2007 giving total.
Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.
To meet China's demand for luxury goods, Chinese billionaire Wang Jianlin plans to invest $1.6 billion on a yacht maker and a London hotel.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
In an exclusive interview with CNBC, the man at the center of an insider-trading probe, former KPMG auditor Scott London, said he received about $70,000 in kickbacks.
America may be falling behind the rest of the world when it comes to creating entrepreneurial wealth, a study shows.
If history is any indication, the billionaire's divorce from his third wife will cost him plenty, reports CNBC's Robert Frank.
While housing inventory is falling throughout the country, it's been falling especially fast in some of the country's richest ZIP codes, creating a mansion shortage.
After halting construction four years ago on their 90,000-square-foot home—called Versailles—just outside Orlando, Fla., David and Jackie Siegel have restarted work.
I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.