Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
High-end New York brokers were asked: If your client were spending $30 million or more, what five apartments would you show them?
Financially speaking, 2010 was a pretty good year to enter the next life if you were wealthy. There was no estate tax, so heirs inherited their dad or mom’s fortune without paying the usual 35 percent or more in estate taxes. Next year, however, could be different.
Click ahead to see the vintage guitar with the deepest cred —and some of the highest prices paid by enthusiasts.
A new study finds that a top concern for both wealth parents and their kids was the impact of wealth on their relationships.
Economic growth in China has created a voracious appetite for luxury goods. Now wealthy shoppers there are shunning labels they see as tainted by the common touch.
In the luxury business, Burberry has highest number of Facebook fans, at 12.6 million. Gucci comes in second, with 7.8 million.
An IRS report on the top 400 earners in America – known as the Fortunate 400 – found that their incomes fell 41 percent between 2007 and 2009. Their effective tax rate also climbed to 19.9 percent.
New York hoteliers have begun offering tiny yet thoughtfully designed accommodations in the “affordable luxury” segment for around $200 a night.
Sales in the videogame industry have been declining for more than three years, but it's still a field that's creating high-net-worth individuals at a rapid clip.
Britain may be in recession, but business is booming for many high-end real estate agents London’s most expensive neighborhoods as the affluent move money into hard assets valued in something other than euros.
A study shows that the British Royal family is worth around $870 million.
The lavish property, sold by Saudi Prince Bandar bin Sultan, was once the most expensive estate ever listed in the U.S., with a price tag in 2006 of $135 million.
Carmakers are paying more attention to rear-seat comfort to please Boomers, who want to impress friends on the way to dinner or a night out.
Wealthy investors are shying away from U.S. stocks and putting more money into private companies, real-estate and commodities, according to a new study.
The Facebook billionaire raised Romans' ire when he failed to leave a tip at a posh restaurant. But do Italians have different rules for Americans?
After two consecutive months of positive improvement, optimism of America’s wealthiest has dipped due to continued concerns about the economy and the job market.
A new report says America’s millionaire population declined last year for the first time since the 2008 crisis.
From $16 million log mansions in Aspen to $90 million Manhattan penthouses, high-end real estate is defying the broader real-estate slump.
Graff Diamonds has pulled its planned $1 billion Hong Kong IPO less than two days before its deadline – the latest sign of weakness in global equity markets.
Shares of Facebook fell below $29 yesterday for the first time, and the company's co-founder and CEO saw his fortune sink to the $15 billion range.