ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.» Read More
France's auction of wines from the Elysee Palace fetched more than three-times its original estimate. The lofty price was the result of the premium placed on the seller—the French presidential palace.
The two-day auction of 1,200 bottles of wine from the Elysee Palace is on pace to surpass its estimate of $300,000, helped by the sale of a 1990 Petrus for $9,400.
The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow, according to a new report.
Global wealth grew faster in 2012 than in the previous two years, boosting the number of millionaires and improving the outlook of the wealthy, according to studies.
One of five Liberty head nickels mistakenly struck at the U.S. Mint in Philadelphia in 1913 eventually sold at auction for more than $3 million.
A letter Francis Crick wrote shortly after the discovery of the structure of DNA sold at Christie's for a whopping $5.3 million.
Brokers say there are now at least a half dozen homes and estates in the Hamptons that are renting for around $1 million—just for the summer—a new record.
Every parent should discuss financial matters with their children at some point, with CNBC's Robert Frank.
Every spring hundreds of yachts migrate from the Caribbean to the Mediterranean and some of them do it by boat, reports CNBC's Robert Frank. (1:00)
A growing number of companies are offering "yacht shipping" services, where yachts are loaded and carried on giant cargo ships to distant locations.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.
Sprint Nextel said its Japanese suitor SoftBank granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.
David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.
CNBC's Robert Frank has been looking at IRS audits and has found some troubling trends. Frank VanderSloot, Melaleuca CEO 7 founder, shares his thoughts about his own situation.
There will likely be nothing working class about the new owner of Chaim Soutine's "Little Pastry Chef," one of the painter's series of works depicting anonymous Parisian workers.
The CEO of Facebook has seen his personal wealth fluctuate between a high of $19.14 billion to a low of $8.92 billion over the past year, reports CNBC's Robert Frank.
A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?
The billionaire bet more heavily on mortgage insurers, suggesting he expects the housing recovery to continue.