Inside Wealth
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The World Wealth Report, from Capgemini and RBC Wealth Management, says rising stock markets and stronger real estate helped create 1 million new millionaires worldwide.
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.160x105.?v=1371487186 "US Lags World in Creating Entrepreneurs")
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While housing inventory is falling throughout the country, it's been falling especially fast in some of the country's richest ZIP codes, creating a mansion shortage.
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After halting construction four years ago on their 90,000-square-foot home—called Versailles—just outside Orlando, Fla., David and Jackie Siegel have restarted work.
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I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
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Some of the wealthy say luck played a role in their success, but many say other factors played a bigger role.
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UBS, the biggest Swiss bank, is the target of a widening tax evasion investigation in France, a spokeswoman for the Paris prosecutor's office said.
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We're rich again, but part of why we aren't feeling all that wealth has to do with inflation and population growth.
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A new study found that the world's 2,170 billionaires hold an average of $31 million each of art, equal to 0.5 percent of their net worth. Here are the top 10 holders.
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.160x105.jpg?v=1367256997 "Global Luxury Sales Growth Could Halve This Year")
Bain & Co. predicts that growth in luxury sales will be up to 50 percent slower this year than last. The main reason: Chinese are breaking away from their gift-giving culture and trying not to be ostentatious.
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Family offices are becoming major players in financial markets. A string of billionaire hedge funders have transformed their funds into family offices. Could SAC be next?
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Disneyland likely says it gives visitors to its theme parks the royal treatment, but if you want to see the park through the eyes of a real prince be prepared to pay up.
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A slew of recent studies argue that more wealth brings better health: from longer lives to lower disability rates. But wealth may bring a negative side-effect to one group: ladies who lunch, who tend to drink more than is recommended.
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Actor Steve Martin is listing his villa in the posh Caribbean island of St. Barts for 8.75 million euros, or about $11.4 million. If he gets what he's asking, he'll score a nice profit on its sale.
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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.
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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.
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.160x105.jpg?v=1370013015 "The Top 1% Now Controls 39% of World's Wealth")
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.
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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.
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France's Elysee Palace is set to auction off more than $325,000 of wine Thursday. And while some bottles may sell for up to $3,000 a bottle, others might be yours for a mere $20.
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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.
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A growing number of companies are offering "yacht shipping" services, where yachts are loaded and carried on giant cargo ships to distant locations.
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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.
Inside Wealth Million Dollar Minute
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Two stunning collections of literary letters are up for sale in New York for more than $5 million.
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One of five Liberty head nickels mistakenly minted in Philadelphia in 1913 sold at auction for more than $3 million.
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A letter Francis Crick wrote shortly after the discovery of the structure of DNA sold at Christie's for $5.3 million.
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