HOUSTON— In a story Aug. 21 about a new state park planned for southeast Texas, The Associated Press erroneously reported the amount of money from a BP and Transocean fund that was used to buy the land. Conservationists team up to buy Texas bayside ranch with $30 M from BP's 2010 oil spill fund.» Read More
"Taxes are going to kill spending!," they cried. "Don't punish the rich!" Well, the rich have spoken and guess what? They're still spending.
Here's one sign of a global housing recovery: Every month seems to bring a new "world's most expensive" listing or sale. This month's offering is the penthouse of the Tour Odeon in Monaco.
The Cyprus bailout and the death of Russian oligarch Boris Berezovksy this weekend might seem like entirely separate events. But they are deeply connected. And they share the same root tragedy: Call it the "The Oligarchs' Curse."
Dell appeared to have received competing offers following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war.
The split between oil king Harold Hamm and his wife could required him to sell a large number of shares or give her shares that she might then sell.
CNBC's Robert Frank reports billionaire Harold Hamm's divorce could take the top spot as the most expensive divorce on record.
While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
CNBC's Robert Frank reports recent data shows there is a wealth gap growing, even among the wealthy.
Rising stocks, an improving economy and the 2013 tax hikes have driven prices up for mountain homes in the West after a four-year drought.
The collectibles market grew by 175 percent over the past 10 years – a far better record than U.S. stocks. The biggest surprise? Coins.
When it comes to philanthropy, wealthy Americans lead the world, but a new survey suggests they could give more.
Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
Saudi Prince Alwaleed bin Talal is severing ties with Forbes Magazine because he claims his net worth is grossly undervalued. Kingdom Holdings CFO Shadi Sanbar offers insight.
In pure dollar terms, Americans are nearly as wealthy as ever, but only if housing continues to strengthen will the so-called 'wealth effect' kick in.