A vast trove of artworks valued at $500 million that belonged to the late billionaire collector A. Alfred Taubman is to go under the hammer at Sotheby's. The FT reports.» Read More
One57, a luxury apartment building in Manhattan that has grabbed headlines for its use of controversial tax breaks, is now being closely watched by emergency teams, as a crane, apparently knocked loose by Hurricane Sandy, dangled from its topmost floor.
New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.
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.
A new study from Bank of America found that 95 percent of American millionaires gave to charity in 2011, with almost as many giving time as well as money.
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.
CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.
A study of college freshman shows that 86 percent want to be financially well-off -- up more than 10 percent from last year.
As Asia Slows, Luxury Watchmakers Count on Elite Buyers
Luxury homes in Paris have become a steal, as a boom in the high end real estate market prompts the wealthy to flee a new 'rich tax' aimed at helping the French government rein in public spending.
The battle over Whitney Houston's fortune is not particular to the Houston family. How much is too much to leave the kids?
A new study finds that affluent voters will spend more, invest more and put more money into their businesses if Romney wins in November.
A study from American Express Publishing and Harrison Group shows that holiday spending will grow 33.5 percent among the top one percent of earners this Christmas, to $3.4 billion.
The 75 percent tax on millionaires in France has caused more of the rich to put their homes up for sale. But don't expect bargains in Paris, where prices remains high.
Home theaters and wine cellars have trickled down to the masses. What follows are truly exceptional features that you won’t see in just any mansion!
A new study says there are 2,725 women in China worth $30 million or more. They are a huge market for luxury marketers — provided the luxury companies predict their desires accurately.
A new study shows that the choice of President doesn't matter much for the course of income inequality in America.
Election experts and lawyers say law specifically prevents employers from telling workers they could lose their jobs if they vote for a certain candidate.
A new study predicts that the U.S. will have 16.7 million millionaires in 2017, about 50 percent more than today.
The latest polls shows that Gov. Brown's Nov. 6 ballot measure, known as Proposition 30, is on the ropes, thanks in part to more than $50 million one family has spent to defeat it.