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Billionaires

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  • As Hedge-Funders Battle Ocean, Locals Take a Side Thursday, 18 Apr 2013 | 9:00 AM ET
    A protective barrier camouflaged by sand outside the beachfront property of Joshua Harris, a billionaire hedge fund founder and an owner of the Philadelphia 76ers, in Southampton, N.Y.

    As Hamptons homeowners battle beach erosion, a flurry of construction is touching off bitter disputes over the environment, real estate and class.

  • Dan Loeb Gets $7 Million Break on Sandy Weill Yacht Tuesday, 16 Apr 2013 | 2:09 PM ET
    The 200-foot super yacht April Fool.

    The founder of the hedge fund Third Point has reportedly purchased the 200-foot "April Fool" from Sandy Weill, the former CEO and chairman of Citigroup for about $52 million.

  • Billionaire Malone on Wealth, Death and Yachts Tuesday, 16 Apr 2013 | 12:38 PM ET
    John Malone

    In the highly personal interview, the cable magnate talked about his wealth, his land holdings and the one toy he does enjoy: Barry Diller's yacht.

  • Abramovich Birth Solves Mystery of Yacht's Berth Monday, 15 Apr 2013 | 3:23 PM ET
    'Eclipse' owned by Russian businessman Roman Abramovitch.

    The recent birth of a daughter to Roman Abramovich and his girlfriend helps explain why the Russian billionaire has kept his mega-yacht docked on Manhattan's West Side.

  • Will an 'April Surprise' Bail Out Washington? Monday, 15 Apr 2013 | 1:26 PM ET
    Flowers are in full bloom in front of the U.S. Capitol.

    Higher than expected tax revenues resulting from outsized gains by the wealthy in 2012 could ease the budget pressures in Washington — or stoke arguments over taxes and spending.

  • Are Billionaires Just Smarter Than the Rest of Us? Friday, 12 Apr 2013 | 8:21 PM ET

    A new study is turning the American dream on its head: Maybe it's not hard work that brings success and money. Maybe it's sheer brainpower.

  • Billionaire Wins $12 Million in Fake Wine Suit Friday, 12 Apr 2013 | 4:13 PM ET
    William Koch

    That'll give him something to wine about: A judge awarded a billionaire $12 million after a tech entrepreneur sold him vintage wine that turned out to be fake.

  • Are Billionaires Just Smarter?     Friday, 12 Apr 2013 | 1:26 PM ET

    A new study from Duke University shows that 45 percent of billionaires are in the top 1 percent of intelligence, with the "Power Lunch" crew and Business Insider's Henry Blodget.

  • What's Juicing Stocks, Real Estate and Old Stamps Thursday, 11 Apr 2013 | 12:05 PM ET
    London's famed Park Lane Hotel.

    The gusher of cash from the Fed explains why prices for everything from 1950s Ferraris to Brazilian farmland to old U.S. stamps are surging.

  • Invest Like Buffett? There’s an App for That     Wednesday, 10 Apr 2013 | 10:22 AM ET

    Raul Moreno, IBillionaire co-founder, explains how his app can help people invest like Warren Buffett or Carl Icahn.

  • Lauder Gives Away $1 Billion Worth of Art Wednesday, 10 Apr 2013 | 9:04 AM ET
    Leonard A. Lauder

    Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.

  • Ousted KPMG Auditor for Herbalife Has Been Identified Tuesday, 9 Apr 2013 | 12:44 PM ET

  • Where the Mega-Homebuyers Are: 10 Top ZIP Codes Monday, 8 Apr 2013 | 1:47 PM ET

    Which ZIP codes were home to the priciest home sales? A new report takes a look.

  • New 590-Foot Mega-Yacht Eclipses Russian's Record Monday, 8 Apr 2013 | 10:46 AM ET
    Azzam, thought to be the world’s largest yacht, launched.

    A new yacht launched Friday bumped Russian oligarch Roman Abramovich's yacht – the 536-foot Eclipse – from its number one ranking.

  • Tale of Two Wealth Effects     Friday, 5 Apr 2013 | 10:31 AM ET

    CNBC's Robert Frank explains the "wealth effect" and what today's market sell off says about the wealthy.

  • Fight Over a Tabloid Fortune     Thursday, 4 Apr 2013 | 4:51 PM ET

    CNBC's Robert Frank reports on a bitter family feud that involves dueling allegations of fraud, lavish spending and tens of millions of dollars in private jet rides for puppies.

  • Wealthy Beware! IRS Audit Squad Nabs One in Eight Thursday, 4 Apr 2013 | 2:59 PM ET

    New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.

  • SAC's Cohen Hiding Assets?     Monday, 1 Apr 2013 | 10:22 AM ET

    CNBC's Robert Frank reports why Steve Cohen did not buy a pricey home in the Hamptons and a Picasso piece, Le Reve, to protect his assets from any kind of litigation or claim.

  • "G.I. Joe: Retaliation" won the weekend box office battle in the United States and Canada, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.

  • Dell Warns of Risks of Remaining a Public Company Saturday, 30 Mar 2013 | 12:05 AM ET

    Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.