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Billionaires

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  • In an extensive interview with CNBC's Michelle Caruso-Cabrera, billionaire Carlos Sims explains why he is not concerned about new regulations which could force the tycoon to overhaul his telecom business. Slim also comments on his contributions to philanthropy in an effort give back to Mexican society.

  • 2nd Richest Man on Wealth & Happiness     Monday, 10 Jun 2013 | 4:54 PM ET

    Carlos Slim has lost money from shares of America Movil, and according to estimates from Bloomberg and Forbes, Bill Gates is once again the richest man in the world, reports CNBC's Robert Frank.

  • Key to Getting Rich: Work, Risk or Luck? Monday, 10 Jun 2013 | 4:51 PM ET

    Some of the wealthy say luck played a role in their success, but many say other factors played a bigger role.

  • Carlos Slim's Philosophy on Wealth     Monday, 10 Jun 2013 | 12:00 AM ET

    Carlos Slim, one of the world¿s richest men, sheds light on his philosophy on wealth by reading poetry in Spanish from Kahlil Gibran¿s ¿The Prophet.¿

  • Prince Alwaleed Suing Forbes for Libel     Friday, 7 Jun 2013 | 1:32 PM ET

    Saudi Arabia's Prince Alwaleed bin Talal is suing Forbes for libel, reports CNBC's Robert Frank. Forbes estimated his wealth at $20 billion and Prince Alwaleed says he's worth $29.6 billion.

  • Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and wife Princess Amira

    Savoy Hotel owner Prince Alwaleed bin Talal has decided to sue Forbes, claiming the magazine has underestimated his fortune.

  • Sale Puts Price on Peek Inside the Literary Mind Thursday, 6 Jun 2013 | 4:43 PM ET
    Jack Kerouac

    Two stunning collections of literary letters are up for sale in New York for more than $5 million.

  • Big Business of Art     Thursday, 6 Jun 2013 | 2:58 PM ET

    The world's 2,170 billionaires have an average of $31 million each of art, reports CNBC's Robert Frank.

  • Top 10 Billionaire Art Collections Thursday, 6 Jun 2013 | 2:36 PM ET
    A woman bids at auction.

    A new study found that the world's 2,170 billionaires hold an average of $31 million each of art, equal to 0.5 percent of their net worth. Here are the top 10 holders.

  • Global Luxury Sales Growth Could Halve This Year Wednesday, 5 Jun 2013 | 5:35 PM ET

    Bain & Co. predicts that growth in luxury sales will be up to 50 percent slower this year than last. The main reason: Chinese are breaking away from their gift-giving culture and trying not to be ostentatious.

  • Say Hello to the New Hedge Fund: The Family Office Wednesday, 5 Jun 2013 | 10:36 AM ET

    Family offices are becoming major players in financial markets. A string of billionaire hedge funders have transformed their funds into family offices. Could SAC be next?

  • Saudi Prince Spends $19.5 Million at Disneyland Tuesday, 4 Jun 2013 | 3:09 PM ET
    Disney character Mickey poses in front of the Sleeping Beauty Castle at Disneyland park outside Paris, France.

    Disneyland likely says it gives visitors to its theme parks the royal treatment, but if you want to see the park through the eyes of a real prince be prepared to pay up.

  • Ladies Who Lunch Drive Up Drinking Rate Among Rich Tuesday, 4 Jun 2013 | 10:28 AM ET

    A slew of recent studies argue that more wealth brings better health: from longer lives to lower disability rates. But wealth may bring a negative side-effect to one group: ladies who lunch, who tend to drink more than is recommended.

  • Steve Martin May Profit on Sale of St. Barts Villa Monday, 3 Jun 2013 | 12:33 PM ET
    Actor, comedian, writer, playwright, producer and banjo musician Steve Martin.

    Actor Steve Martin is listing his villa in the posh Caribbean island of St. Barts for 8.75 million euros, or about $11.4 million. If he gets what he's asking, he'll score a nice profit on its sale.

  • The 'Elysee Premium': Wines Fetch Nearly $1 Million Monday, 3 Jun 2013 | 11:53 AM ET
    Bottles of the finest wine from the cellars of the Elysee Palace went up for auction on May 30, 2013.

    France's auction of wines from the Elysee Palace fetched more than three-times its original estimate. The lofty price was the result of the premium placed on the seller—the French presidential palace.

  • Bottle of Wine From French Palace Sells for $9,400 Friday, 31 May 2013 | 12:03 PM ET
    A bottle of the finest wine from the cellars of the Elysee Palace, a 1990 Pomerol Chateau Petrus.

    The two-day auction of 1,200 bottles of wine from the Elysee Palace is on pace to surpass its estimate of $300,000, helped by the sale of a 1990 Petrus for $9,400.

  • The Top 1% Now Controls 39% of World's Wealth Friday, 31 May 2013 | 11:30 AM ET

    The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow, according to a new report.

  • Surging Stock Market Cheers Up the Rich Thursday, 30 May 2013 | 1:35 PM ET

    Global wealth grew faster in 2012 than in the previous two years, boosting the number of millionaires and improving the outlook of the wealthy, according to studies.

  • Rare, Mysterious Nickel Sells for $3.17 Million Tuesday, 28 May 2013 | 4:07 PM ET
    Walton 1913 Liberty Head nickel

    One of five Liberty head nickels mistakenly struck at the U.S. Mint in Philadelphia in 1913 eventually sold at auction for more than $3 million.

  • Dad's Note To 12-Year Old Son Sells For $6 Million Tuesday, 28 May 2013 | 2:20 PM ET

    A letter Francis Crick wrote shortly after the discovery of the structure of DNA sold at Christie's for a whopping $5.3 million.