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
An audit of missing millionaire Guma Aguiar’s finances has found little evidence that he hid cash or “tunneled out” part of his fortune before his disappearance, an attorney says.
A new plan calls for the wealthiest Europeans to pay a one-time 10 percent wealth tax and "forced loans" to governments. Could it work?
The new mortgage granted to Facebook's maximum leader is symptomatic of how inequality is a slippery slope.
Smaller businesses that want to cut the costs of health insurance for their employees are using captive insurers to save money on premiums but also to reduce income taxes and transfer money to heirs free of estate tax.
In a speech last week, President Obama said that government, rather than self-determinism, creates the foundation of large wealth in America.
An analysis of earnings data shows that the super-rich make more of their income from one-time capital gains, and are more vulnerable to income shocks that those making $1 milllion or more a year.
A growing number of wealthy homeowners are racing to sell before the fiscal cliff of 2013. That could weaken the important luxury home market.
Despite the populist rhetoric surrounding the election, polls show that Americans still have a largely positive view of the wealthy -- and that hasn't changed in years.
The crash of a $30 million Ferrari shows that collectible car owners might be advised to keep their investments in their garage.
Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."
Billionaire Charles "Chuck" Feeney has closed up his charitable foundation -- after giving away $6 billion and fullfilling his promise to "give while living."
Bolstering their profile on the international scene, the tiny emirate of Qatar is quietly asserting itself politically while investing heavily in posh real estate and luxury goods companies.
Already being sued by fellow billionaire and business partner Ronald Perelman, Ira Rennert is now under attack from neighbors in the Hamptons who say his helicopter is too big.
A new report says boosting taxes on high earners has chased residents out of Maryland and cost the state revenue.
A new study says women who are the main breadwinners in their households feel more tension in their relationship those who make less than their man.
A family limited partnership was once an esoteric way for wealthy families to centralize the management of real estate and cash. But this is not a normal tax year.
Traditionally it was poverty that caused social ills. But the evidence that wealth makes people callous is starting to mount.
Once the symbol of corporate power, skyscraper have become the default setting for luxury living, allowing developers to spread their risk around both office and residential markets.
Rupert and Wendi are the latest to hit the skids. So, what are the biggest divorce settlements and who has paid the most? Check out the full list.
The vessel will open as the centrepiece of an entertainment village, including a maritime museum, in Port Rashid, where it has been berthed since it was retired from service in 2008.