Inside Wealth Richistan
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A British socialite is embroiled in a fight between an ex-Goldman exec and a hedge-fund millionaire over her child-support claims.
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A British socialite is embroiled in a fight between an ex-Goldman exec and a hedge-fund millionaire over her child-support claims.
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A lawsuit has prompted the historic parish to offer an estimate of the value of its assets: more than $2 billion.
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A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.
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As Hamptons homeowners battle beach erosion, a flurry of construction is touching off bitter disputes over the environment, real estate and class.
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The FBI says the Upper East Side gallery figured in a gambling and money-laundering ring that stretched from Moscow to Los Angeles.
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The recent birth of a daughter to Roman Abramovich and his girlfriend helps explain why the Russian billionaire has kept his mega-yacht docked on Manhattan's West Side.
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A new study is turning the American dream on its head: Maybe it's not hard work that brings success and money. Maybe it's sheer brainpower.
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There were more than 200 sales in the top 15 Zip Codes for homes priced at $10 million or more in 2012, and the mega-home market shows no signs of slowing.
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A new yacht launched Friday bumped Russian oligarch Roman Abramovich's yacht – the 536-foot Eclipse – from its number one ranking.
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London's blue chip neighborhoods like Belgravia are increasingly owned by rich, and largely absent, foreigners.
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The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
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The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
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The collectibles market grew by 175 percent over the past 10 years – a far better record than U.S. stocks. The biggest surprise? Coins.
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Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
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At an auction of classic Ferraris, collectors will be anxious to see if the skyrocketing prices still have room to run.
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Candy king Bruce Weiner is selling off his collection of more than 200 "microcars" for an expected haul of more than $6 million.
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With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
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More than 1,000 private jets are expected to fly into New Orleans this weekend, just under last year's tally of around 1,100 planes in Indianapolis – one of the biggest ever.
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With 82 percent of all directly owned stocks in the United States in the hands of the wealthiest five percent of Americans, the gains from the recent stock market surge will go almost entirely to those who are already rich.
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In pure dollar terms, Americans are nearly as wealthy as ever, but only if housing continues to strengthen will the so-called 'wealth effect' kick in.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.