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Inside Wealth

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  • Out of One Frying Pan, and Into Another Tuesday, 3 Apr 2012 | 4:57 PM ET
    Ahmass Fakahany, restaurateur and former Merrill Lynch executive.

    Former Merrill Lynch co-president Ahmass Fakahany is applying what he learned on Wall Street to his swiftly growing restaurant empire.

  • The 10 Richest MLB Owners Tuesday, 3 Apr 2012 | 4:23 PM ET
    With the 2012 MLB season getting under way, the biggest moves in baseball’s off-season were focused on the teams rather than the players. The league shook up the playoff structure, adding an additional one game wild-card round, while also announcing that the Houston Astros will become an American League team in 2013. More recently, the financially troubled L.A. Dodgers were auctioned off, with a record-breaking bid of $2.15 billion coming in from an investment group that included former NBA star

    With all the money involved in the sport, the question remains: who are the richest owners in baseball? Click ahead for the Top 10.

  • Billionaire Toys Monday, 2 Apr 2012 | 5:15 PM ET
    There are few sensations that can beat the thrill of a frivolous purchase. After struggling all month to make sure that the rent, bills and car payments are paid in a timely fashion, it can be downright exhilarating to blow a big chunk of change on something unnecessary.Sadly, the thrill passes once the next billing cycle kicks in. That $300 pair of shoes may have seemed like a well-deserved extravagance, but now it’s starting to feel like an ill-advised and anxiety-provoking mistake.The morning

    Billionaires can buy every toy that catches their fancy, including antique cars, jumbo jets, and spaceships. What are some of the toys the world’s billionaires have bought?

  • Gadgets for the 'One Percent' Monday, 2 Apr 2012 | 3:22 PM ET

    Early adopters want technology that pushes the envelope. Here are some of the elite electronics that let you play at the cutting edge.

  • NetJets Fight Sheds Light on Tax Break for Super Wealthy Monday, 2 Apr 2012 | 2:09 PM ET
    Warren Buffett

    A lawsuit in Ohio may call into question Warren Buffett’s commitment to paying his fair share of taxes.

  • The New Trophy Nanny Monday, 2 Apr 2012 | 2:03 PM ET
    Child with money

    Elite nannies can make up to $180,000 these days, as long as they can speak Mandarin, cook a four-course meal, and get your children into the right circles.

  • How an Acquisition Fund Burnishes Reputations Monday, 2 Apr 2012 | 2:01 PM ET

    Most museum collections depend on the kindness of benefactors who donate only paintings they own or like. At a few lucky institutions, donors have established funds dedicated to new, and important, acquisitions.

  • Should Philanthropy Be Anonymous? Monday, 2 Apr 2012 | 1:56 PM ET
    World in Hand

    Trevor Neilson, president of Global Philanthropy Group, argues that putting a face to big donations inspires others and raises the profile of charitable giving.

  • Valve's Gabe Newell Takes Video Gaming to the Next Level Monday, 2 Apr 2012 | 1:03 PM ET
    Gabe Newell, co-founder and managing director of video game development and online distribution company Valve Corporation.

    As video games increasingly compete with the movies for America’s entertainment dollars, gaming kingpins like Gabe Newell have become equivalent to the Samuel Goldwyns and Irving Thalbergs of last century.

  • London, New York Top Cities for Wealthy: Report Wednesday, 28 Mar 2012 | 4:40 AM ET
    London Bridge

    London and New York are still the most important cities for the super-rich despite stiff competition from the emerging economies, a report into attitudes of the wealthy has revealed.

  • Where the ‘One Percent’ Live Tuesday, 14 Feb 2012 | 9:28 AM ET
    UHNW population: 1,855 With an UHNW population that nearly doubles that of Atlanta, Dallas is home to 1,855 individuals worth at least $30 million, according to Wealth-X. The Dallas area is home to major companies like AT&T, Dean Foods, Texas Instruments and Southwest Airlines. Some of the richest residents include billionaire and former presidential candidate H. Ross Perot, oil magnate Ray Lee Hunt and leveraged buyout billionaire Harold Simmons.

    Who are the one percent, and where are they from? According to Wealth-X, the United States is home to 57,860 such individuals. Find out which cities they call home.

  • US States With the Most Millionaires 2011 Wednesday, 26 Oct 2011 | 12:18 PM ET
    Each year, analyzes national data on millionaire households to reveal which states attract the most high-income families.Data from Phoneix shows a list of states with the highest percentage of millionaires by population, while the overall number of millionaire households in the US has increased nationwide for the first time in two years. In 2009, there were 5.14 million millionaire households, compared to 5.56 million in 2010, an increase of approximately 7.6% that saw nearly every US state incr

    Each year, Phoenix Marketing International analyzes national data on millionaire households to reveal which US states attract the most high-income families.

  • Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.