*Sector facing multi-billion-dollar funding shortfall. LONDON, April 17- Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980 s. Avance Gas listed this week in Oslo.» Read More
Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
The zeal with which Swiss citizens backed the curbs on executive pay is just the latest sign that Switzerland's relationship with the ultra-wealthy is beginning to change.
Forbes' released its 2013 list of the world's richest people. Art Laffer, Laffer Investments; Chris Kofinis, Former Sen. Manchin's chief of staff; Robert Traynham, Former Santorum aide; Jonathan Golub, UBS, share their opinions.
For the first time since 2000, Warren Buffett didn't make the top three on the annual Forbes Rich list. Randall Lane, Editor, Forbes tells CNBC who ousted Buffett from his third spot.
Forbes' ranking of the world's richest people finds more billionaires than ever before. Randall Lane, Forbes Magazine, weighs in.
CNBC's Scott Wapner reports the billionaire investor plans to put up a slate on the board of Transocean.
While Washington bickers over whether to raise taxes on the rich, the truth is, taxes on the richest Americans are already at their highest in decades.
Las Vegas Sands said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities and Exchange Commission filing on Friday.
Groupon's Andrew Mason, a man once valued at more than $1 billion, was canned last night. Gene Munster, Piper Jaffray; CNBC's Robert Frank; and Jeffrey Sonnenfeld, Yale, discuss.
CNBC's Robert Frank reports on the decline in Andrew Mason's wealth.
Forget about golden parachutes. Mason may be the first CEO in modern-day capitalism to get a lead parachute.
Guessing the number of billionaires in the world (or even in a single country) is just that -- a guessing game. But it's a highly profitable and increasingly popular one.
Less than a year after buying the Hawaiian island of Lanai, Oracle chief Larry Ellison has purchased Island Air, a local airline that factors in his development plans.
"Penta-millionaires," those worth $5 million or more, are happier than the merely rich, a new study shows.
New York State's coffers are up $1.6 billion over last year, but the increase is due mostly to the wealthy shifting income into 2012 to avoid higher 2013 taxes.
The richest Americans pay to influence U.S. policy toward cost cutting to benefit themselves, said a new study. But they could also be doing the right thing for the economy.
Wealthy Chinese are buying more luxury goods — just not at home. Here's where they're spending their money.
Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.
DataDirect CEO Alex Bouzari discusses the cloud computing industry, and what he has planned for his business this year.
Dennis Tito, who paid a reported $20 million for a ride on a Russian spacecraft, is said to be backing a privately funded, possibly manned, shot at Mars.