LONDON, April 20- Britain on Monday ordered Russian billionaire Mikhail Fridman to sell his newly acquired North Sea gas fields within six months, ratcheting up the pressure on one of Russia's most influential businessmen just two weeks before the May 7 national election. Upping the ante in a standoff that some Russian businessmen say shows Russian capital is...» Read More
Almost half of China’s ultra-rich saw their wealth shrink in the past year as the Chinese stock markets slumped, according to an annual survey of the country’s 1000 richest individuals, with those in the solar and textile sectors the hardest hit.
A poll of charitable billionaires found that a majority say taxes impact their giving.
Chinese billionaires lost almost a third of their combined wealth in the past year as Asia’s mega rich experienced the biggest drop in their total net worth compared to anywhere else in the world, a new study shows.
Australian billionaire Gina Rinehart, the world's richest woman, has told Australians envious of rich people that they should stop complaining, work harder, and cut down on drinking, smoking and socializing.
A new study shows the wealthy give a smaller percentage of their income to charity than the middle class.
So, which billionaires own some of the world’s most expensive private islands? Click ahead to find out.
The study predicts that Singapore — that little Southeast Asian city-state with loads of Type A zeal — will be the world's richest nation by 2050.
Those earning incomes in the top one percent (like many Americans) rank themselves much lower than their actual position, and worry that the wealthy have "too much influence."
It turns out, Mitt Romney may not have been the only American political figure to have a Swiss bank account. The difference is — he paid his taxes but some of the others may not have.
The new mortgage granted to Facebook's maximum leader is symptomatic of how inequality is a slippery slope.
A survey from GlobeScan found that 58 percent of Americans say the rich deserve their wealth, and also the number of people who think the wealthy should pay more taxes has fallen in recent years.
Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."
Discussing whether the middle class worries they will be taxed next, if the rich are taxed, with Scott Rasmussen, Rasmussen Reports founder & president. Marc Lamont Hill, "Our World" host, and Monica Crowley, "What the (Bleep) Just Happened," author, weigh in.
The majority of Americans have higher incomes than their parents, but it is still not enough to move most of them into a higher bracket — especially those at the bottom, USA Today reports.
There's a battle underway in the surf-side playground of the rich and famous, reports CNBC's Robert Frank.
Traditionally it was poverty that caused social ills. But the evidence that wealth makes people callous is starting to mount.
Investor Carl Icahn updates "Fast Money" on what he wants to see happen to a company he calls a "very undervalued asset."
Billionaire investor Carl Icahn questioned the timing of certain stock sales by Forest Laboratories' CEO Howard Soloman today, and discusses his concerns over its corporate governance.
A Morgan Stanley strategist has come up with a new yard-stick for national competitiveness: the billionaire indicator.
Affluent women are more likely to vote for Obama, but on the whole, affluent and wealthy voters are leaning toward Romney, reports CNBC's Robert Frank.