SEOUL, March 14- POSCO's new chief executive said the South Korean steelmaker will restructure non-steel businesses and not make any major investment in increasing steelmaking capacity, in a marked break from the strategy of his predecessor.» Read More
Chinese billionaires lost almost a third of their combined wealth in the past year as Asia’s mega rich experienced the biggest drop in their total net worth compared to anywhere else in the world, a new study shows.
Australian billionaire Gina Rinehart, the world's richest woman, has told Australians envious of rich people that they should stop complaining, work harder, and cut down on drinking, smoking and socializing.
A new study shows the wealthy give a smaller percentage of their income to charity than the middle class.
So, which billionaires own some of the world’s most expensive private islands? Click ahead to find out.
If you want to get your tax rate down to an effective level federally of just 13 percent, like Romney, you're going to have to stretch to make that happen, reports CNBC's Eamon Javers. J.D. Foster, The Heritage Foundation, and David Callahan, Demos Public Policy Center, discuss whether it's time for more tax reform.
The study predicts that Singapore — that little Southeast Asian city-state with loads of Type A zeal — will be the world's richest nation by 2050.
Ben Mezrich, best-selling author, shares his final thoughts on writing books based on true stories, and his next new story.
Ben Mezrich, "The Accidental Billionaires" author, discusses life inside Silicon Valley and how young millionaires are making money and spending their free time.
Anand Gupta, Thiel Fellow, discusses his opportunity in the Thiel Fellowship to develop a technology that could help detect cancer in patients at an earlier stage.
Dylan Field, Thiel Fellow, discusses his decision to drop out of Brown University to pursue the Thiel Fellowship in Silicon Valley.
20 Under 20: Transforming Tomorrow will air tonight on CNBC at 10ET, highlighting billionaire investor Peter Thiel's vision for the next hot start-up.
Those earning incomes in the top one percent (like many Americans) rank themselves much lower than their actual position, and worry that the wealthy have "too much influence."
It turns out, Mitt Romney may not have been the only American political figure to have a Swiss bank account. The difference is — he paid his taxes but some of the others may not have.
The new mortgage granted to Facebook's maximum leader is symptomatic of how inequality is a slippery slope.
What is President Obama doing to make the wealthy feel as though they rightfully owe taxes to the government? CNBC's Robert Frank has the details. Tony Fratto of Hamilton Place Strategies, and Keith Boykin, former Clinton White House aide, weigh in.
Lauren Greenfield, director of "Queen of Versailles" and CNBC's Robert Frank offer insight on the lives of David and Jackie Siegel.
CNBC's Robert Frank reports on an increasing number of wealthy who are looking to sell their homes quickly in case taxes go up next year.
A survey from GlobeScan found that 58 percent of Americans say the rich deserve their wealth, and also the number of people who think the wealthy should pay more taxes has fallen in recent years.
Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."
NBC's Andrea Mitchell has the story on Denise Rich renouncing American citizenship as a way around the IRS. Representative Cathy McMorris Rodgers (R-WA), shares her opinions. "This is human behavior, if you raise taxes, people are going to try to find areas and locations to relocate themselves and their businesses where the tax burden is a lot less," she says.