Inside Wealth
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A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
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While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
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China's rich are younger and wired, forcing luxury car companies to turn to social media to peddle their wares.
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Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
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Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
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The problem, some argue, is the inability of non-profits to find new ways to engage the rich in problem solving.
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The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
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The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
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Rich people are picking up the slack in spending, with the rest from those working in an economy of under-the-table cash payments.
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Rising stocks, an improving economy and the 2013 tax hikes have driven prices up for mountain homes in the West after a four-year drought.
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The collectibles market grew by 175 percent over the past 10 years – a far better record than U.S. stocks. The biggest surprise? Coins.
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When it comes to philanthropy, wealthy Americans lead the world, but a new survey suggests they could give more.
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Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
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In pure dollar terms, Americans are nearly as wealthy as ever, but only if housing continues to strengthen will the so-called 'wealth effect' kick in.
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Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
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With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
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Forget about golden parachutes. Mason may be the first CEO in modern-day capitalism to get a lead parachute.
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The zeal with which Swiss citizens backed the curbs on executive pay is just the latest sign that Switzerland's relationship with the ultra-wealthy is beginning to change.
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While Washington bickers over whether to raise taxes on the rich, the truth is, taxes on the richest Americans are already at their highest in decades.
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Guessing the number of billionaires in the world (or even in a single country) is just that -- a guessing game. But it's a highly profitable and increasingly popular one.
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Less than a year after buying the Hawaiian island of Lanai, Oracle chief Larry Ellison has purchased Island Air, a local airline that factors in his development plans.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.