Owning art through an investment fund is appealing to the rich who are looking for access to pieces they can't afford on their own.» Read More
Feeling lucky? Well, no one won Wednesday night's $360 million Powerball lottery, and the jackpot for Saturday's drawing is soaring.
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
The world's largest auction houses will host "blockbuster" sales of contemporary art this week, as buyers' tastes shift away from pre-19th century "Old Masters", a fine art expert told CNBC.
The first of the big spring auctions began Tuesday night at Sotheby's, as bidders put money on their walls rather than in the shakier financial markets. The New York Times reports.
What are art lovers interested in this spring? A peek at the billion dollars worth of art on offer at Christie's and Sotheby's.
Flush with cash, big investors have bought at least 55,000 single-family homes across the U.S. in the past year, and home buyers say it's hard to compete.
A recent jump in investors' confidence has been driven by millionaires, while the merely rich remain unconvinced that the recent stock market rallies are real, a new survey said.
A lawsuit has prompted the historic parish to offer an estimate of the value of its assets: more than $2 billion.
A new study shows that the stock boom has benefited the rich more than the less affluent, whose wealth is concentrated in their homes.
In the highly personal interview, the cable magnate talked about his wealth, his land holdings and the one toy he does enjoy: Barry Diller's yacht.
Several hedge fund leaders who had giant paydays last year earned their riches the old-fashioned way: by posting big returns on their investments. The New York Times reports.
Carl Icahn appears set to enter the fray over the leveraged buyout of Dell. Trading sources say they are confident that Icahn has amassed a position in Dell that may approach 100 million shares, and would bring him to a roughly 6 percent ownership.
This asset manager says he's met with three new clients with over $1 million each but the "shock and awe" of 2008 still looms large in their psyche.
A slow British economy and high prices has made London property less attractive to investors as they realize returns are low and capital values are vulnerable.
Click on to see the priciest motorcycles, with values starting in the low six figures and going up to a million dollar machine.
As their clients became frozen by economic churning in Europe and Washington, wealth advisers have been trying to convince clients of the positive effects of uncertainty.
The amount of annual income to guarantee happiness varies from country to country, a new international survey finds.
The soaring value of fine wines has given collectors an unexpected source of liquidity.
Before you go out and buy a mansion and a yacht, here is some smarter advice on what you should do if you win the $425 million Powerball.
New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.