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
A family limited partnership was once an esoteric way for wealthy families to centralize the management of real estate and cash. But this is not a normal tax year.
Traditionally it was poverty that caused social ills. But the evidence that wealth makes people callous is starting to mount.
Once the symbol of corporate power, skyscraper have become the default setting for luxury living, allowing developers to spread their risk around both office and residential markets.
Chris Rock and wife Malaak are the latest to hit the skids. But what are the biggest divorce settlements and who has paid the most?
The vessel will open as the centrepiece of an entertainment village, including a maritime museum, in Port Rashid, where it has been berthed since it was retired from service in 2008.
The hottest trend in fashion of the moment is branded jewelry, as companies that specialize in ‘soft’ luxury goods debut ‘hard’ luxury lines.
The prime minister of Qatar is reported to be the buyer of a $90 million-plus penthouse in New York.
At some of the country's elite private schools, top financial managers teach their trade to young women.
On both sides of the Atlantic, budget-minded leaders have alienate wealthy individuals and non-profit organizations alike with proposals to clamp down on tax relief on charitable donations.
Bad economy? Not for some rich car buyers. The wait time for a $400,000 Lamborghini Aventador is now 18 months.
A Morgan Stanley strategist has come up with a new yard-stick for national competitiveness: the billionaire indicator.
One in five Swiss banking clients predict the Euro will collapse and they are keeping a third of their portfolio in cash.
The most expensive wine ever sold directly from a winery will go on sale this week, from the venerable Australian vintner Penfolds. The limited edition release of the 2004 Penfolds Block 42 Cabernet Sauvignon is priced at $168,000 a bottle.
Why do 70 percent of family businesses fail to pass successfully to the next generation? The answer are more emotional than financial.
Ranked in order from the least expensive to the most expensive mansion, here are the priciest homes in the 10 biggest cities in the U.S.
A new study shows that 39 percent of luxury shoppers won't pay for premium brands with high ethical standards.
A rise in pessimism among millionaire investors may actually be a good sign for the market.
There are some hopeful new signs in the private-jet market, but experts don't expect a full recovery until 2013 or later.
Gina Rinehart, reputed to be the world's richest woman, is making headlines again for power struggles with her family and the Australian media.
According to a new poll from Spectrem Group, a majority of millionaire voters are likely to go for Mitt Romney. But it wasn't taxes that swayed them.