Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
Chris Rock and wife Malaak are the latest to hit the skids. But what are the biggest divorce settlements and who has paid the most?
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.
The hottest trend in fashion of the moment is branded jewelry, as companies that specialize in ‘soft’ luxury goods debut ‘hard’ luxury lines.
The prime minister of Qatar is reported to be the buyer of a $90 million-plus penthouse in New York.
At some of the country's elite private schools, top financial managers teach their trade to young women.
On both sides of the Atlantic, budget-minded leaders have alienate wealthy individuals and non-profit organizations alike with proposals to clamp down on tax relief on charitable donations.
Bad economy? Not for some rich car buyers. The wait time for a $400,000 Lamborghini Aventador is now 18 months.
A Morgan Stanley strategist has come up with a new yard-stick for national competitiveness: the billionaire indicator.
One in five Swiss banking clients predict the Euro will collapse and they are keeping a third of their portfolio in cash.
The most expensive wine ever sold directly from a winery will go on sale this week, from the venerable Australian vintner Penfolds. The limited edition release of the 2004 Penfolds Block 42 Cabernet Sauvignon is priced at $168,000 a bottle.
Why do 70 percent of family businesses fail to pass successfully to the next generation? The answer are more emotional than financial.
Ranked in order from the least expensive to the most expensive mansion, here are the priciest homes in the 10 biggest cities in the U.S.
A new study shows that 39 percent of luxury shoppers won't pay for premium brands with high ethical standards.
A rise in pessimism among millionaire investors may actually be a good sign for the market.
There are some hopeful new signs in the private-jet market, but experts don't expect a full recovery until 2013 or later.
Gina Rinehart, reputed to be the world's richest woman, is making headlines again for power struggles with her family and the Australian media.
According to a new poll from Spectrem Group, a majority of millionaire voters are likely to go for Mitt Romney. But it wasn't taxes that swayed them.
The world may try to plug their budget holes by targeting the wealthy.
Median wealth for whites fell less than it did for blacks and Hispanics between 2005 and 2010.
Growing demand from the increasingly itinerant global rich, coupled with a shorter supply of trophy homes in some markets, has led to a rise in $100,000-a-month rentals.