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 staggering 436-foot "Serene" is one of the world's largest yachts. The yacht, which is owned by Stolichnaya vodka founder Yuri Scheffler, has five levels, several swimming pools, two helicopter pads, an indoor climbing wall, and an underwater viewing room. There are cabins for 24 guests and 52 crew. It's appearance on Manhattan's West Side has created quite a stir, reports CNBC's Robert Frank.
A rare, 1937 French Roadster sold for $6.6 million over the weekend, proving that rich car collectors are still spending.
Since the market bottom in 2009, America's billionaires have seen their fortunes and numbers soar to new records.
Automated, algorithm-based robo-advisors are gaining a foothold with some traditional financial advisory firms.
Income from corporate jobs can yo-yo like stocks, while pay from tenured or government jobs behaves more like bonds.
An airtight estate plan takes the guesswork out of who inherits what and clearly defines end-of-life medical decisions.