CANBERRA, Australia— Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million. The billionaire, Hui Ka Yan, is chairman of Hong Kong- listed real estate developer Evergrande Real Estate Group, which is based in Guangzhou, China.» Read More
According to Forbes, only 8.5 percent of the world’s 1,226 billionaires are women. Why aren't there more?
In China, more than 2,800 women gathered to meet, and possibly marry, a group of 11 men purportedly worth a billion yuan.
How new millionaires can hold on to their riches, with David Greenberg, Greenberg Capital founder and James Altucher, Formula capital managing director. "People would pass me on the street and ask to borrow money," says Altucher.
Donald Trump, Trump Organization chairman & president, sounds off on whether Facebook's Mark Zuckerberg will obtain a prenuptial agreement if he marries his girlfriend, with the "Squawk Box" crew.
CNBC's Kate Kelly reports on the details of legendary energy trader and billionaire hedge fund manager John Arnold choosing to retire and dedicate himself to philanthropy.
The Senate is set to vote on the "Buffett Rule," President Obama's tax proposal that would require people making more than a million dollars a year to pay a minimum tax rate of 30 percent. Gene Sperling, White House economic adviser, shares the Administration's perspective.
Despite the Internal Revenue Service's promise to bring new scrutiny to the super rich, a new report finds that of nearly 8,300 individuals with income of $10 million or more, as few as a dozen may have been audited.
Discussing President Obama's tax proposal, with Jared Bernstein, Center on Budget & Policy Priorities and Dan Mitchell, Cato Institute.
Defying the economic slump, celebrities, corporate titans and Internet entrepreneurs in recent years have upgraded to bigger planes, with leather seats, plush bedrooms and opulent boardrooms.
Like other Americans, high net-worth investors are feeling upbeat about the economy’s near-term fortunes of late, according to a new survey. So why aren't they diving into the stock market?
The list of those whose careers have been made or influenced by billionaire investor Richard Rainwater reads like a guide to contemporary American business.
The real estate market in the United States may still be slumping, but its high end is enjoying a remarkable updraft, propelled by money flowing in from all corners of the globe, including from developing countries like Brazil, China and India. But no group is consistently writing bigger checks than the Russians.
A lawsuit in Ohio may call into question Warren Buffett’s commitment to paying his fair share of taxes.
As video games increasingly compete with the movies for America’s entertainment dollars, gaming kingpins like Gabe Newell have become equivalent to the Samuel Goldwyns and Irving Thalbergs of last century.