NEW YORK/ BUENOS AIRES, July 25- Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.» Read 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.
A look at where the wealthiest are spending the most money to buy their fabulous homes, with CNBC's Robert Frank. (1:30)
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.