Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
Even before buying the Hawaiian island of Lanai, Oracle CEO Larry Ellison was among the biggest spenders in corporate America.
Excalibur Almaz will charge wannabe astronauts an average of £100 million for a six to eight month journey exploring deep space
The ten best reads for the High Net Worth reader to hit the beach with this summer.
The United States is still No. 1 when it comes to the number of millionaires in a single country, but global wealth is continuing its movement eastward.
A new study shows that charitable giving in America increased 4 percent last year, to $298.4 billion. But Americans gave only 1.9 percent of income to charity, down from previous levels.
A new study of multi-millionaires finds that only half plan to leave their inheritence to their kids.
The very rich seem to be spending conservatively on their luxuries and their investments alike, which is bad news for the rest of us.
Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.
An over-supply of mega-yachts in the Mediterranean has led to heavy discounting and deals for yacht renters. Some are offering free private jet flights with a yacht rental.
The slowing economy has led to some unprecedented bargains in the charter yacht business. Click ahead to see what kind of yacht is for rent at a discount this summer.
Sports fans hold strong opinions about basketball salaries, but economics professor David Berri developed a statistical method to see which players are the most overpaid.
Luxury watch brands are launching high-end, high-tech smartphones with the craftsmanship traditionally associated with the art of watchmaking.
No wonder tennis star Rafa Nadal was so sad about losing his watch this week. The company that makes it is totally sold out of the product.
New Fed data show that while the middle class lost more than a third of their wealth between 2007 and 2010, the top 10% gained. The reason is quite simple: the wealthy owned more stocks.
The $370,000 luxury watch owned by tennis great Rafa Nadal was stolen..and now found.
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Miami's high-end real-estate market is hot, but with wealthy foreign speculators providing the heat, a global stumble could cool it off in a hurry.
The wealthy have been turning to the concrete value of collectibles during the financial crisis. But some of the sector's stability is illusory.
In the past, investors rarely cared much about off-the-job spending by CEOs. But in the current climate, the yacht and Ferrari habits of CEOs may, indeed, be relevant to investors.
Classic cars have been steadily increasing in value, but once you own one of these cars, the cost of restoration, insurance and taxes start to mount, until your investment becomes more about love than money.