Want to get rich? Invest in things that rich people buy—including $3,000 ski jackets. Moncler, the Milan-based maker of stylish puffy jackets is about to go public.» Read More
This little-known group may pose the biggest barrier to reducing the nation's income inequality.
Microsoft-co founder, Paul Allen, has won the title of the world's wealthiest bachelor, with an estimated personal fortune of $15.3 billion.
Bob Dylan's historical Fender Stratocaster guitar sold for nearly $1 million at Christie's: the highest price ever paid for a guitar at auction.
Edward Hopper's famous portrait of economic hardship has just become the new symbol of unbridled wealth.
Chanel has acquired its long-time lamb hide provider in the latest purchase by a luxury brand of a partner that supplies top quality materials.
Norman Rockwell's "Saying Grace" sold on Wednesday for more than $46 million, double its high pre-sale estimate.
There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.
The idea of giving to those in need seems to have become buried under a pile of boxes and wrapping paper. It's social media to the rescue.
Even if you have $1.4 million to buy a LaFerrari, you probably can't get it. The supercar's sold out.
Late kung fu star Bruce Lee's iconic yellow jumpsuit will go under the hammer at an auction in Hong Kong on Thursday.
The "Freedom Ship International," a mile-long, 25-story tall floating city, is out looking for funding.
This week, the largest-known private collection of memorabilia from the Lord of the Rings films will be auctioned in Beverly Hills.
Millionaires are feeling better about the economy, but more skeptical of the stock market, according to Spectrem Group's Millionaire Investor Confidence Index.
New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.
Angelina Jolie did not buy a private island in upstate New York for Brad Pitt's 50th birthday, according to people close to the situation.
It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.
A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.
A bitter divorce battle, which has seen billionaires from the UK and Russia take the stand, has concluded with a payout, has concluded.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.