A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
This asset manager says he's met with three new clients with over $1 million each but the "shock and awe" of 2008 still looms large in their psyche.
A slow British economy and high prices has made London property less attractive to investors as they realize returns are low and capital values are vulnerable.
Click on to see the priciest motorcycles, with values starting in the low six figures and going up to a million dollar machine.
As their clients became frozen by economic churning in Europe and Washington, wealth advisers have been trying to convince clients of the positive effects of uncertainty.
The amount of annual income to guarantee happiness varies from country to country, a new international survey finds.
The soaring value of fine wines has given collectors an unexpected source of liquidity.
Before you go out and buy a mansion and a yacht, here is some smarter advice on what you should do if you win the $425 million Powerball.
New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.
In their rush to avoid the tax hikes of the "fiscal cliff," investors may end up with regrets.
If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.
An Andy Warhol canvas led Christie's $412.3 million sale in New York, signalling a shift in tastes to midcentury and contemporay American work.
Sotheby’s contemporary art sale had total sales of $375 million, shattering the old record of $362 million set in May 2008, before the financial world collapsed.
In the wake of Sandy, the election and the Dow's fall, the fall auction season began with a sale that could generously be described as “subdued.”
The United States added more than 1,000 millionaires a day under the Obama administration.
Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
America's richest citizens are feeling optimistic about the economy, especially the future returns in technology, energy, and health care.
Spending by the super-rich has largely recovered in areas like art, wine, super cars and mansions. But new orders for yachts over 130 feet are down by half since 2008.
The battle over Whitney Houston's fortune is not particular to the Houston family. How much is too much to leave the kids?