A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.
A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.
A bitter divorce battle, which has seen billionaires from the UK and Russia take the stand, has concluded with a payout, has concluded.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.
China may not have the most billionaires, but it does have the youngest.
China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.
Sotheby's just dropped the hammer on the most expensive diamond ever sold, a 59.6-carat flawless pink diamond called the "Pink Star."
Sotheby's held the biggest auction in its history on Wednesday, led by a record-setting $105 million work by Andy Warhol.
Francis Bacon's painting "Three Studies of Lucian Freud" became the most expensive work of art ever sold when it fetched $142.4 million.
The NYSE and iBillionaire have launched the iBillionaire Index, which tracks the blue-chip stock holdings of leading billionaire investors.
George Washington's Thanksgiving proclamation, which includes the founding father's signature, is about to hit the auction block at Christie's.
Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.
While most of the private jet market is weak, some owners of Gulfstream's top-of-the-line G650 are “flipping” the planes for big profits.
After Twitter's IPO, co-founders Evan Williams and Jack Dorsey, along with CEO Dick Costolo, saw their combined paper wealth soar to about $4 billion.
Wealthy men say in a survey that they prefer a good body over a pretty face. Among other revelations, a nice smile is more important than great hair.
A new report says the combined fortunes of the world’s billionaires have doubled since the financial crisis, but what do we know about them?
Lackluster sales at a recent Christie's auction may not be a sign that the frothy art market is finally breaking down.
Asia churned out the highest number of billionaires globally in 2013, a stark contrast to Europe - which saw a decline in its ultrawealthy population.
China's Dalian Wanda Group, founded by the country's richest man Wang Jianlin, snapped up a Picasso painting for $28.2 million at a Christie's auction.