U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.» Read More
Gurdeep Singh Chadha was one of India’s most powerful businessmen, a liquor and real estate baron whose influence was intertwined with his money. Known as Ponty, he was a mysterious figure, described in the media as an “invisible man,” even as his political influence protected him. The New York Times reports.
Tech millionaire John McAfee – who’s being sought by Belize police for questioning in a murder – said he is prepared to die if he is taken into custody.
In their rush to avoid the tax hikes of the "fiscal cliff," investors may end up with regrets.
If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.
An Andy Warhol canvas led Christie's $412.3 million sale in New York, signalling a shift in tastes to midcentury and contemporay American work.
Sotheby’s contemporary art sale had total sales of $375 million, shattering the old record of $362 million set in May 2008, before the financial world collapsed.
As Police Seek McAfee, E-Book Bio Is Slated to Appear
John McAfee, now wanted for questioning in a murder in Belize, moved to the country to escape U.S. regulations and the "materialism" of the American wealth culture.
Limiting tax deductions as part of a "Fiscal Cliff" deal would force the wealthy to bear the brunt of the cost, with million-dollar earners getting hit the hardest.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.
The art market has been on a tear in the past decade, providing art lovers and coldhearted investors alike the solid value and handsome returns that have deserted the stock market. Click ahead to see the trophy canvases for sale this month.
Before the election, David Siegel sent his employees a memo telling them to consider, “Whose policies will endanger your job?”
In the wake of Sandy, the election and the Dow's fall, the fall auction season began with a sale that could generously be described as “subdued.”
Millionaires candidates who used their own money to run were roundly rejected by voters last night, and the majority were targeted during the campaign for their wealth.
While not a record for self-financed campaigns, the $90 million former pro wrestling executive Linda McMahon spent on her two failed Senate bids could have bought her plenty of luxury.
Wealthy candidates are hoping they don't see a repeat of 2010, when millionaire office-seekers were roundly defeated.
See who has been turned away from some of the region's most upscale digs.
A dangling crane, blown by Superstorm Sandy, may even improve sales at a high-priced condo tower overlooking Central Park.
The United States added more than 1,000 millionaires a day under the Obama administration.
Asset protection isn't only for the well-off. Anyone with a nice home and a couple of cars should consider taking a few simple steps.