A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
To meet China's demand for luxury goods, Chinese billionaire Wang Jianlin plans to invest $1.6 billion on a yacht maker and a London hotel.
America may be falling behind the rest of the world when it comes to creating entrepreneurial wealth, a study shows.
A new study found that the world's 2,170 billionaires hold an average of $31 million each of art, equal to 0.5 percent of their net worth. Here are the top 10 holders.
Family offices are becoming major players in financial markets. A string of billionaire hedge funders have transformed their funds into family offices. Could SAC be next?
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.
Investors have a hard enough time reading 10-Ks and keeping up with corporate earnings. Now they're going to have to monitor Facebook and Twitter, too.
Wealth managers go where the money is, and the technology capital is flooded with the next crop of the newly rich.
A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
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.