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
While a new study shows that the average One Percenter is worth 288 times the median American, another set of stats shows that the rich aren't necessarily getting richer.
Burberry's profit warning signals a broader problem for the luxury market: China's slowdown.
"Get Lost You Rich Idiot" was the headline from a French newspaper after France's richest man announced he is trying to become a Belgian citizen. CNBC's Robert Frank reports.
French billionaire Bernard Arnault's request for Belgian citizenship has sparked an outcry over wealthy tax avoiders. But tax lawyers are baffled by the move, which would not reduce Arnault's current taxes.
France's watered-down tax on the rich is a lot like Obama's tax hikes: lots of sound, fury and media hype, but little actual change in the tax code.
Prices for luxury goods in China have slowed to their lowest rate since the depths of the financial crisis in 2009.
A new study shows that 62 percent of the people worth $25 million or more plan to buy stocks in the next 12 months.
A new study of people worth $25 million or more shows that they spend more on vacations and home renovations than jewelry or clothing.
The Euro-crisis has forced some prized historic properties onto the market. Here are the 5 top trophies.
A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.
China powered the art market through the recession. But now the days of feverish buying in Hong Kong may be over.
Silicon Valley's dynamic, tech-based economy has inflated home prices in the area for more than two decades. But lately, thanks to a rash of IPO's and the mobility of global wealth, relatively modest properties in the suburban towns south of San Francisco have been going for mansion-like prices.
Gine Rinehart, the mining magnate who some estimate is the world's richest woman, says those who criticize the rich should work more and drink and smoke less.
A proposal for a one-time tax on the wealthy in Britain has sparked a new debate over the fair share contributions of the wealthy.
The main drivers of demand, realtors say, are executives at established tech companies and Chinese investors.
A development in Singapore features what are described as “en suite sky garages” that automatically transport cars in an elevator to the resident's floor.
A new poll from Pew Research suggests that many Americans admire the wealthy for their hard work and intelligence. But they also think the wealthy are greedy and less honest.
The price of being a One Percenter varies greatly by age, requiring $5.8 million for people in their 40s and twice as much for people in their 60s.
Driven by low returns on stocks and bonds, individuals investors are stepping in to find, invest in and ultimately profit from small-time private equity deals.
Rising political anger against the rich, along with a push to tax them more, may cause the rich to stop buying high-profile luxury goods, according to financial analysts. Could that hurt luxury stocks?