David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.
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.