Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
The CEO snapped up the Lotus body for $989,000, and confirmed plans to turn the prop into a real, working sub car using a Tesla electric drivetrain.
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
Demand for fine art is thriving, but it is the priciest works that are attracting most interest, as a number of paintings sold for millions of dollars at the Frieze Masters art fair in London.
When Sara Blakely was growing up, her father would ask her: "What have you failed at this week?" That acceptance helped feed her later success.
Apple's hiring of Burberry's Angela Ahrendts might seem baffling, but Ahrendts is perfect because Apple is a luxury brand first and a technology company second.
U.K. billionaire Richard Branson mounted a swift online defence of his decision to move to his private Caribbean island retreat.
Mark Zuckerberg spent $30 million buying up four homes adjacent to his Pao Alto pad to block a developer from building a mansion adjacent to his home.
Studies suggest the American wealthy could be even more generous than they already are, so why don't they give more? It depends who you ask.
The French Riviera hasn't lost its cachet, topping the list of prime residential enclaves for the ultra-wealthy, according to research from Savills.
So you want to be rich? Stay stateside, home of 1.7 million of the 1.8 million millionaires created in the past year.
Drool over the Neiman Marcus catalog if you want, but the real question is whether the wealthy will spend this holiday season.
A peek inside Feadship, one of the world's most prestigious makers of megayachts, including those for Steve Jobs and Larry Ellison.
Inequality is all relative. It now takes at least $100 million to matter in New York, leaving many wealthy feeling disadvantaged.
Diamond prices keep breaking records. The latest is a 118-carat, flawless D-diamond auctioned by Sotheby's for $30.6 million.
The megahome market continues to surge. Here's a look at the top markets.
Twitter will get a public value of as much as $10 billion, but only one shareholder will become a billionaire—and he's no longer with the company.
Meet Brett David, the boy wonder of supercar sales. He's sold more than $1 billion of cars over the past seven years and is the nation's largest Lamborghini dealer.
Sales of New York apartments priced at $10 million or more surged 75 percent in the third quarter, according to Brown Harris Stevens.
America's 100 largest individual landowners added 700,000 acres to their holdings, according to the Land Report 100, and now own 2 percent of the U.S. land mass.
A bitter fight between two of the New York area's wealthiest families is playing out in the modest trappings of a county courthouse.