Inside Wealth
featured
With the Dow breaching 14,000, investors have recovered the more than $8 trillion in wealth lost during the recession and millionaires are more numerous and more confident than they've ever been.
» Read MoreMore
-
With the Dow breaching 14,000, investors have recovered the more than $8 trillion in wealth lost during the recession and millionaires are more numerous and more confident than they've ever been.
-
With 82 percent of all directly owned stocks in the United States in the hands of the wealthiest five percent of Americans, the gains from the recent stock market surge will go almost entirely to those who are already rich.
-
Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?
-
More than 1,000 private jets are expected to fly into New Orleans this weekend, just under last year's tally of around 1,100 planes in Indianapolis – one of the biggest ever.
-
Relying on the wealthiest taxpayers can turn into budget turmoil when the market slides, according to analysts.
-
In principle, it sounds self-sacrificing: Congress swears off collecting its paychecks until it passes a budget. But Congress has long been richer than a typical collection of 535 Americans, The New York Times reports.
-
When asked about their broader definitions of wealth, a majority of investors surveyed said it meant "greater security." "More happiness" ranked a distant second.
-
Once declared a fake, the illegally cast Liberty-head coin is expected to fetch $2.5 million or more when it goes on the auction block in April.
-
At a facility with a chef, maid service, and a view, patients pay upward of $50,000 to be treated for an increasingly common blend of addictions to sex, often with prostitutes, and stimulants.
-
Sellers at high-end Manhattan apartment buildings have been forced to reduce their prices after buyers balked at the high monthly payments.
-
With few multi-million dollar sales to go by, home appraisers are valuing properties below their selling price, stalling lending and sales.
-
The world's richest people spend hundreds of millions of dollars in an art market that allows opaque transactions and has few outside monitors.
-
The Hamptons real-estate market has not only recovered -- it’s soaring past its pre-crisis peaks.
-
On Sunday, Michael Bloomberg makes a $350 million gift to his alma mater — by far the largest in its history — the New York City mayor, along with the president of the university, will disclose the staggering sum of his donations to Johns Hopkins over the past four decades: $1.1 billion.
-
What can small private banks do to win back trust in their concierge financial services? In Switzerland, banks are focusing on the country's political stability, strong currency, and selling their niche appeal through lavish dinners and exclusive access.
-
Phil Mickelson's taxes are high, but his claim that recent tax hikes on the rich have put his effective rate above 60 percent suggests he's exaggerating, or needs a new accountant.
-
The $4.6 million sale of the original Batmobile grabbed the headlines from this weekend's Scottsdale car auction, but the huge prices paid for Ferraris and other exotics were the real news.
-
The glamour, champagne-soaked launches and celebrity clients belie a mounting unease in the world of "super-yachts."
-
The Caped Crusader's vehicle is one of more than 1,400 cars appearing at the the 42nd annual Barrett-Jackson Scottsdale auction this weekend.
-
Zong Fuli, the daughter of beverage magnate Zong Qinghou, complains men simply want her for her money.
-
Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.