Growing demand from the increasingly itinerant global rich, coupled with a shorter supply of trophy homes in some markets, has led to a rise in $100,000-a-month rentals.
The United States is still No. 1 when it comes to the number of millionaires in a single country, but global wealth is continuing its movement eastward.
A new study shows that charitable giving in America increased 4 percent last year, to $298.4 billion. But Americans gave only 1.9 percent of income to charity, down from previous levels.
Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.
An over-supply of mega-yachts in the Mediterranean has led to heavy discounting and deals for yacht renters. Some are offering free private jet flights with a yacht rental.
The slowing economy has led to some unprecedented bargains in the charter yacht business. Click ahead to see what kind of yacht is for rent at a discount this summer.
Sports fans hold strong opinions about basketball salaries, but economics professor David Berri developed a statistical method to see which players are the most overpaid.
New Fed data show that while the middle class lost more than a third of their wealth between 2007 and 2010, the top 10% gained. The reason is quite simple: the wealthy owned more stocks.