Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
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.
But as Tiger Woods tees off today at the Masters Tournament in Augusta as the favorite for the first time since his private life blew up in the late fall of 2009, the stock market has finished a bracing first quarter.
It is harder than ever to become one of the world’s wealthiest individuals by working on Wall Street. Profits are getting crimped as new regulations put the brakes on some of Wall Street’s riskiest — and most lucrative — practices. Compensation is falling. And stocks, a large part of industry pay, are under pressure.
Like other Americans, high net-worth investors are feeling upbeat about the economy’s near-term fortunes of late, according to a new survey. So why aren't they diving into the stock market?
The list of those whose careers have been made or influenced by billionaire investor Richard Rainwater reads like a guide to contemporary American business.
The real estate market in the United States may still be slumping, but its high end is enjoying a remarkable updraft, propelled by money flowing in from all corners of the globe, including from developing countries like Brazil, China and India. But no group is consistently writing bigger checks than the Russians.
Former Merrill Lynch co-president Ahmass Fakahany is applying what he learned on Wall Street to his swiftly growing restaurant empire.
With all the money involved in the sport, the question remains: who are the richest owners in baseball? Click ahead for the Top 10.
Billionaires can buy every toy that catches their fancy, including antique cars, jumbo jets, and spaceships. What are some of the toys the world’s billionaires have bought?
Early adopters want technology that pushes the envelope. Here are some of the elite electronics that let you play at the cutting edge.
A lawsuit in Ohio may call into question Warren Buffett’s commitment to paying his fair share of taxes.
Elite nannies can make up to $180,000 these days, as long as they can speak Mandarin, cook a four-course meal, and get your children into the right circles.
Most museum collections depend on the kindness of benefactors who donate only paintings they own or like. At a few lucky institutions, donors have established funds dedicated to new, and important, acquisitions.
Trevor Neilson, president of Global Philanthropy Group, argues that putting a face to big donations inspires others and raises the profile of charitable giving.
As video games increasingly compete with the movies for America’s entertainment dollars, gaming kingpins like Gabe Newell have become equivalent to the Samuel Goldwyns and Irving Thalbergs of last century.
London and New York are still the most important cities for the super-rich despite stiff competition from the emerging economies, a report into attitudes of the wealthy has revealed.
Who are the one percent, and where are they from? According to Wealth-X, the United States is home to 57,860 such individuals. Find out which cities they call home.
Each year, Phoenix Marketing International analyzes national data on millionaire households to reveal which US states attract the most high-income families.
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