Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
While most of the private jet market is weak, some owners of Gulfstream's top-of-the-line G650 are “flipping” the planes for big profits.
After Twitter's IPO, co-founders Evan Williams and Jack Dorsey, along with CEO Dick Costolo, saw their combined paper wealth soar to about $4 billion.
Wealthy men say in a survey that they prefer a good body over a pretty face. Among other revelations, a nice smile is more important than great hair.
A new report says the combined fortunes of the world’s billionaires have doubled since the financial crisis, but what do we know about them?
Lackluster sales at a recent Christie's auction may not be a sign that the frothy art market is finally breaking down.
Asia churned out the highest number of billionaires globally in 2013, a stark contrast to Europe - which saw a decline in its ultrawealthy population.
China's Dalian Wanda Group, founded by the country's richest man Wang Jianlin, snapped up a Picasso painting for $28.2 million at a Christie's auction.
Wealthy Chinese may not be buying many big yachts. But they are buying up big yacht companies. A look at what's driving the trend.
Calls to tax the rich are suddenly reaching higher volume, whether it's Bill Gross' “Scrooge McDuck” blog or a ballot measure in Colorado to make high earners pay for schools, or New York's Bill de Blasio’s tax proposal.
Stocks have not only recovered but also reached new highs, yet yacht sales and prices are still under water.
Here are some examples of the cutting-edge updates—both essential and indulgent—that shipbuilders are making to stay in the race.
Two new surveys find that the debt cliffhanger in Washington earlier this month left top investors badly shaken.
Wealth-X has put together a list of all 50 states with their top wealth-holders. A look at how the states stack up.
Eike Batista declared in 2011 that he would soon become the richest man in the world. Instead, he may become known for the largest personal-wealth loss.
In a big twist, a recent survey of top luxury CEOs lists North America as the most important market for growth over the next five years.
Real estate sales in the Hamptons posted the strongest third-quarter results in eight years.
Rachael Sacks said she has no intention of apologizing or flip-flopping on her views about wealth discrimination. A person's a person, she seems to argue, no matter how rich.
Fashion tycoon Tommy Hilfiger is listing his duplex at the Plaza Hotel for $80 million, making it one of the most exclusive condo listings in Manhattan.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.