But Bridget Fitzpatrick, a lawyer for the SEC, said the proposed award was appropriate given "egregious" violations that allowed the Wylys to accumulate "staggering wealth." The companies were Sterling Software Inc, Michaels Stores Inc, Sterling Commerce Inc and Scottish Annuity& Life Holdings Ltd, now Scottish Re Group Ltd..» Read More
Larry Ellison is one of the richest men in the world. He's worth over $30 billion. But is he spending too much? CNBC's Robert Frank reports.
U.S. regulators are launching an all-out review into how Wall Street uses high-speed trading and how it's impacting the markets and the individual investor, with CNBC's Eamon Javers.
Hong Kong's "playboy tycoon" Cecil Chao has put up a $65 million "marriage bounty" to find a husband for lesbian daughter Gigi, who is already married to her long-time female partner.
Here is a list of the top 10 countries with the most billionaires for the period between August 2011 and July 31, 2012 compiled by Wealth-X. Click to find out where the mega-rich live.
A new report raises doubts about how many billionaires among the Forbes 400 are truly "self-made rich."
Almost half of China’s ultra-rich saw their wealth shrink in the past year as the Chinese stock markets slumped, according to an annual survey of the country’s 1000 richest individuals, with those in the solar and textile sectors the hardest hit.
A poll of charitable billionaires found that a majority say taxes impact their giving.
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.