Robert Frank is an award-winning journalist, best-selling author and a leading authority on the American wealthy. He joined CNBC in May 2012 as a reporter and editor.
Prior to CNBC, Frank worked at The Wall Street Journal for 18 years, serving as a foreign correspondent in London and Singapore, and later covering Wall Street and corporate scandals. For eight years, he was the paper's Wealth Reporter, covering the lives, culture and economy of the new rich.
Frank is the author of two books: "Richistan," a New York Times best-seller, and "The High-Beta Rich," released in 2011. His blog, The Wealth Report, was named by Time magazine as one of America's most influential financial blogs.
Frank holds a bachelor's degree in literature from State University of New York at Binghamton. He lives in New York with his wife and two daughters.
Follow Robert Frank on Twitter @robtfrank.
The $1.6 million Pagani Huayra already has 18 buyers in United States, despite the fact that it's not street legal.
The new tax rates may not hold for long, but the wealthy have to feel as if they've dodged a bullet for now in the fiscal cliff deal.
One in five of Americans earning less than $20,000 a year would see a tax hike of $1,070, since Boehner's bill would eliminate deductions for low earners.
Microsoft-co founder, Paul Allen, has won the title of the world's wealthiest bachelor, with an estimated personal fortune of $15.3 billion.
A historical Bob Dylan guitar sold for nearly $1 million: 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, the French tannery Bodin-Joyeux.