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.
A slew of recent studies argue that more wealth brings better health: from longer lives to lower disability rates. But wealth may bring a negative side-effect to one group: ladies who lunch, who tend to drink more than is recommended.
Actor Steve Martin is listing his villa in the posh Caribbean island of St. Barts for 8.75 million euros, or about $11.4 million. If he gets what he's asking, he'll score a nice profit on its sale.
France's auction of wines from the Elysee Palace fetched more than three-times its original estimate. The lofty price was the result of the premium placed on the seller—the French presidential palace.
The two-day auction of 1,200 bottles of wine from the Elysee Palace is on pace to surpass its estimate of $300,000, helped by the sale of a 1990 Petrus for $9,400.
It seems like every celebrity has their own fragrance line these days. For $30,000, you can, too.
Here's how the 1 percent park their supercars.
Most bicycle makers want their bikes lighter and stronger. This bike is heavier—and much more expensive. Try $500,000.
This spring, Picasso's "Les femmes d'Alger (Version 'O')" could become the most expensive painting ever sold at auction.
Financial advisors are building client relationships by tapping into emotional, social and other non-fiscal needs.
Retirees should incorporate their life goals into financial plans—it's the best way to achieve true wealth.
Few have the time, knowledge and luck to beat the market. Sell in a systematic, disciplined way to stay diversified.