The $100 million sale seems to have become an annual rite of passage for the luxury real estate market following the financial crisis.» Read More
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.
Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
The owner of a private bridge in Michigan is spending millions to block a new government-funded bridge nearby. When do the wealthy have too much political influence?
As China’s economy slows, shoppers are slowly overcoming the stigma of wearing“pre-owned” luxury goods.
The wealthier the Californian, a study of tax data says, the less likely he or she is to move to avoid taxes aimed at the rich.
The Star Wars creator's wealth will soar to more than $5.2 billion after Disney purchases Lucasfilms.
One57, a luxury apartment building in Manhattan that has grabbed headlines for its use of controversial tax breaks, is now being closely watched by emergency teams, as a crane, apparently knocked loose by Hurricane Sandy, dangled from its topmost floor.
New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.
Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
A new study from Bank of America found that 95 percent of American millionaires gave to charity in 2011, with almost as many giving time as well as money.