Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
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.
China may not have the most billionaires, but it does have the youngest.
China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.
Sotheby's just dropped the hammer on the most expensive diamond ever sold, a 59.6-carat flawless pink diamond called the "Pink Star."
Sotheby's held the biggest auction in its history on Wednesday, led by a record-setting $105 million work by Andy Warhol.
Francis Bacon's painting "Three Studies of Lucian Freud" became the most expensive work of art ever sold when it fetched $142.4 million.
The NYSE and iBillionaire have launched the iBillionaire Index, which tracks the blue-chip stock holdings of leading billionaire investors.
George Washington's Thanksgiving proclamation, which includes the founding father's signature, is about to hit the auction block at Christie's.
Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.