Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
San Jose, Calif. and Houston recorded the fastest percentage growth in the number of millionaires among the top 10 Metro areas.
Before you go out and buy a mansion and a yacht, here is some smarter advice on what you should do if you win the $425 million Powerball.
Indian farm machinery maker Mahindra and Mahindra is a possible investor in Aston Martin, whose iconic British sports cars are favoured by 007.
Warren Buffett's proposal for a "minimum tax on the wealthy" presumes that the rich pay a lower rate than the rest of America. But data shows that they don't.
From piracy to fly fishing, the activities driving new trends in property buying are as wide-ranging as the buyers themselves.
New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
An analysis by agent Scott Boras's office shows that a $10 million-a-year player traded from Florida to the Toronto Blue Jays could face a tax hike of $800,000.
A survey from Spectrem Group showed that 83 percent of millionaires do not plan to go shopping at all on Black Friday.
This mansion has a $25 million price tag, which would make it the most expensive ever to sell in Brooklyn--by far.
In the private equity industry, returns are down and fund-raising is trying. Such challenges did not deter industry titan David Bonderman from holding a 70th birthday party for himself and about 700 of his closest friends in Las Vegas.
Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.
Russians are spending hundreds of millions of dollars on waterfront palaces in Miami, launching the next big land grab by the world's super-rich.
A Ferrari F12 Berlinetta sold for $1.125 million over the weekend, with the proceeds going to Hurricane Sandy charity.
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