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
Fifty percent of all wealthy Americans are now optimistic about the economy, up 12 percent this year and the highest in about a year, a new survey says.
Mercedes is taking another crack at a small luxury car and this one, coming to the big auto show in Beijing, looks like a winner.
Following the financial crisis, two markets have emerged as relatively safe havens for international money: art and prime property.
This rental costs 1.8 billion yen and only has one bedroom. See why it's so pricey.
New York Times reporter David Kocieniewski's Pulitzer was well-deserved, and perfectly timed.
Celebrities and entertainers often have huge incomes that vary wildly from year-to-year. This is a recipe for tax trouble that can follow even the most successful performers.
High earners worried that this year’s Tax Day will be the last before their rates rise have more than the White House and Washington to blame. They can also look to two academically revered French economists whose work is the subtext for the battle over tax fairness.
While it’s generally accepted that John Jacob Astor IV was the richest man in the world when he went down with the ship, estimates of his personal fortune range wildly.
Recent reports from the worlds of retailing, real estate and education suggest that speaking Mandarin is becoming a prerequisite to making high-end sales.
Damien Hirst is the greatest living, and possibly the greatest ever, moneymaker-as-artist. MBA teachers get their students to analyse his business strategy. But what business is he in?
The 10 highest-paid CEOs were paid an average of nearly $90 million dollars, when all of an executive’s compensation is considered. So, who were the highest paid CEOs of the year?
Despite the Internal Revenue Service's promise to bring new scrutiny to the super rich, a new report finds that of nearly 8,300 individuals with income of $10 million or more, as few as a dozen may have been audited.
High-end merchants like Neiman-Marcus and luxury brands like Burberry and Stella McCartney are adapting to the new virtual shopping scene, incorporating mobile apps, “augmented reality” and iPad link-ups that extend, rather than sully, the plush experience of their stores.
Newspapers may be short on profits, but they have become a new form of ostentation. How rich is he? He can afford to own a newspaper, for crying out loud.
One of the new owners of the Los Angeles Dodgers plans to use money from insurance companies to pay for a big chunk of his purchase of the team. The move seems like a lawsuit waiting to happen.
The world’s richest chief executives have all either founded or built companies from modest beginnings. Find out who are the world’s wealthiest billionaire-CEOs.
Growing prosperity in Asia is having a spin-off effect on European and U.S. property markets as the new millionaires from emerging economies look to park their wealth in key cities in the developed world.
Defying the economic slump, celebrities, corporate titans and Internet entrepreneurs in recent years have upgraded to bigger planes, with leather seats, plush bedrooms and opulent boardrooms.
The newly signed JOBS Act allows hedge funds to talk to high-end investors without going through a third party. Whether the pitch comes from the fund manager, a notice in a newspaper or through your usual advisor, the usual safe-investing advice still applies.
The JOBS act enables hedge funds and private equity firms to solicit investors directly, instead of through third parties, which typically vet the firms before introducing them to clients, raising new risks to small investors unaccustomed to the complex and risky strategies the firms deploy.