The running shoes worn by Roger Bannister when he broke the four-minute mile were sold in London by Christie's for a six-figure sum on Thursday.» Read More
Inheriting money would seem like one of life’s unabashed blessings, yet the inheritors I spoke to said they were ill equipped emotionally or financially to handle the windfall.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
A new report shows that the One Percenters lost more income and paid higher tax rates than the rest of the population.
A new study finds that millionaires who don't feel wealthy need at least $5 million in invesitble assets to feel wealthy.
Many of Europe's royal families are feeling a pinch of the austerity sweeping the continent as it deals with its debt crisis.
An audit of missing millionaire Guma Aguiar’s finances has found little evidence that he hid cash or “tunneled out” part of his fortune before his disappearance, an attorney says.
A new plan calls for the wealthiest Europeans to pay a one-time 10 percent wealth tax and "forced loans" to governments. Could it work?
The new mortgage granted to Facebook's maximum leader is symptomatic of how inequality is a slippery slope.
Smaller businesses that want to cut the costs of health insurance for their employees are using captive insurers to save money on premiums but also to reduce income taxes and transfer money to heirs free of estate tax.
In a speech last week, President Obama said that government, rather than self-determinism, creates the foundation of large wealth in America.
An analysis of earnings data shows that the super-rich make more of their income from one-time capital gains, and are more vulnerable to income shocks that those making $1 milllion or more a year.
A growing number of wealthy homeowners are racing to sell before the fiscal cliff of 2013. That could weaken the important luxury home market.
Despite the populist rhetoric surrounding the election, polls show that Americans still have a largely positive view of the wealthy -- and that hasn't changed in years.
The crash of a $30 million Ferrari shows that collectible car owners might be advised to keep their investments in their garage.
Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."
Billionaire Charles "Chuck" Feeney has closed up his charitable foundation -- after giving away $6 billion and fullfilling his promise to "give while living."
Bolstering their profile on the international scene, the tiny emirate of Qatar is quietly asserting itself politically while investing heavily in posh real estate and luxury goods companies.
Already being sued by fellow billionaire and business partner Ronald Perelman, Ira Rennert is now under attack from neighbors in the Hamptons who say his helicopter is too big.
A new report says boosting taxes on high earners has chased residents out of Maryland and cost the state revenue.
A new study says women who are the main breadwinners in their households feel more tension in their relationship those who make less than their man.