A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
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.
New York's Department of Buildings is asking for more information on the luxury tower that's seeking tax breaks aimed at low-income housing.
Seeking to avoid more division over his wealth tax hike, the French president moved to squelch a legislative amendment that would extend the tax to art assets.
Mark Cuban said that CEOs shouldm't tell employees how to vote in a seeming reference to Westgate CEO David Siegel's email to employees.
A new survey shows that multi-millionaires use advisers for only half of their money, or less.
Big fashion brands are fretting over whether to offer their wares on Amazon as its move into clothing forces them to decide if the website is a lucrative new sales channel or a threat to their prestige
The billionaire buyers of $90 million apartments at the One57 tower in Manhattan will be saving more than $180,000 a year due to tax breaks aimed at low-income housing.
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If President Obama is re-elected and raises taxes, Westgate Resort's David Siegel says he will have to lay off workers and downsize his company — or even shut it down.
Luxury sales in China may slow, as the handbag bingers cut back and China's millionaires become over-extended.