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.» Read More
While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
China's rich are younger and wired, forcing luxury car companies to turn to social media to peddle their wares.
Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
The problem, some argue, is the inability of non-profits to find new ways to engage the rich in problem solving.
The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
Rich people are picking up the slack in spending, with the rest from those working in an economy of under-the-table cash payments.
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.
The collectibles market grew by 175 percent over the past 10 years – a far better record than U.S. stocks. The biggest surprise? Coins.
When it comes to philanthropy, wealthy Americans lead the world, but a new survey suggests they could give more.
Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
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.
Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
Forget about golden parachutes. Mason may be the first CEO in modern-day capitalism to get a lead parachute.
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.
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.
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.
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.