In the past, investors rarely cared much about off-the-job spending by CEOs. But in the current climate, the yacht and Ferrari habits of CEOs may, indeed, be relevant to investors.
Classic cars have been steadily increasing in value, but once you own one of these cars, the cost of restoration, insurance and taxes start to mount, until your investment becomes more about love than money.
Financially speaking, 2010 was a pretty good year to enter the next life if you were wealthy. There was no estate tax, so heirs inherited their dad or mom’s fortune without paying the usual 35 percent or more in estate taxes. Next year, however, could be different.
Economic growth in China has created a voracious appetite for luxury goods. Now wealthy shoppers there are shunning labels they see as tainted by the common touch.
An IRS report on the top 400 earners in America – known as the Fortunate 400 – found that their incomes fell 41 percent between 2007 and 2009. Their effective tax rate also climbed to 19.9 percent.
Sales in the videogame industry have been declining for more than three years, but it's still a field that's creating high-net-worth individuals at a rapid clip.
Britain may be in recession, but business is booming for many high-end real estate agents London’s most expensive neighborhoods as the affluent move money into hard assets valued in something other than euros.
The lavish property, sold by Saudi Prince Bandar bin Sultan, was once the most expensive estate ever listed in the U.S., with a price tag in 2006 of $135 million.
Wealthy investors are shying away from U.S. stocks and putting more money into private companies, real-estate and commodities, according to a new study.