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
The largesse of the Federal Reserve over the past five years has amounted to one of the largest ever subsidies to the American wealthy.
Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.
The rich are getting richer at a fast clip, led by the Oracle of Omaha, Warren Buffett, who earned $37 million a day this year, Wealth-X said.
The wealthy are handing out so much money to needy family members that they've earned a new nickname: "the family bank."
The world's millionaires and billionaires are seeking at-home teachers to help their children in the education race. For the tutors, it's a lucrative business.
If the Fed dials back next year, interest rates could drift higher. The wealthy, who hold most of the stocks, would bear the brunt of the hit.
Want to get rich? Invest in things that rich people buy—including $3,000 ski jackets. Moncler, the Milan-based maker of stylish puffy jackets is about to go public.
You could write off the mystery tipper as a novelty in the charity world, but the mega-tipper may, in fact, be part of a trend toward direct giving.
Marking his exit from his business empire, Norway's richest man, Olav Thon, gifted a charity a 71.9% stake of his company, valued at $1.3 billion.
U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.
This little-known group may pose the biggest barrier to reducing the nation's income inequality.
Microsoft-co founder, Paul Allen, has won the title of the world's wealthiest bachelor, with an estimated personal fortune of $15.3 billion.
Bob Dylan's historical Fender Stratocaster guitar sold for nearly $1 million at Christie's: the highest price ever paid for a guitar at auction.
Edward Hopper's famous portrait of economic hardship has just become the new symbol of unbridled wealth.
Chanel has acquired its long-time lamb hide provider in the latest purchase by a luxury brand of a partner that supplies top quality materials.
Norman Rockwell's "Saying Grace" sold on Wednesday for more than $46 million, double its high pre-sale estimate.
There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.
The idea of giving to those in need seems to have become buried under a pile of boxes and wrapping paper. It's social media to the rescue.
Even if you have $1.4 million to buy a LaFerrari, you probably can't get it. The supercar's sold out.
Late kung fu star Bruce Lee's iconic yellow jumpsuit will go under the hammer at an auction in Hong Kong on Thursday.