Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
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?
Butler salaries and jobs are down. but the true insult to the profession is employers who want their butlers to cook, clean, and even scrub toilets.
Increasingly frequent auctions for high-end handbags have begun to set records. A Hermes Birkin sold last year for $203,150; blue crocodile version at the same auction sold for $113,525.
Demand among affluent buyers for apartments built before World War II, with their high ceilings and almost floor-to-ceiling windows is outstripping supply, for the simple reason that so few survived the war.
The headlines arising from a Pew economic study are that the rich gained at the expense of the middle class. But the majority of those who disappeared from the middle wound up at the top.
Christie's Sold $820,000 worth of wine in an online-only sale, setting the stage for more auctions to be held online.
For some of the most exclusive addresses, there are distinctive features that set them apart from the rest. Check out this list of multimillion dollar homes with big surprises, courtesy of TopTenRealEstateDeals.com.
The private jet industry has been a bit more optimistic lately, in part because of business travelers who use it to patch holes in the domestic air travel system.
Italy's need for revenue has reached the mega-yacht world, as authorities board yachts in search of tax dodgers.
While housing prices across the United States are still well below pre-crisis peaks, the very top of the Manhattan home market continues to shatter price records.
A new study shows the wealthy give a smaller percentage of their income to charity than the middle class.
The auction total for the weekend's Concourse D'Elegance shattered its record, with $260 million in sales up from last year'sw $196 million.
So, which billionaires own some of the world’s most expensive private islands? Click ahead to find out.
Beauty, of course, is ephemeral and subjective. However, these automobile models tend to come up again and again in terms of their slick and iconic looks.
Jay-Z’s contributions to the Brooklyn Nets have been wildly disproportionate to his one-fifteenth ownership stake in the NBA team. And so are his expected earnings.
Money management is more than an asset allocation plan. It should also include a written game plan for protecting your wealth from impostors.
UBS is reported to have advised German clients to move funds to Singapore to avoid detection ahead of a withholding tax that takes effect January 1.
A new site called "The Rich Kids of Instagram" is sparking debate over how much wealthy kids should share online.
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