A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
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.
The world may try to plug their budget holes by targeting the wealthy.
Median wealth for whites fell less than it did for blacks and Hispanics between 2005 and 2010.
Growing demand from the increasingly itinerant global rich, coupled with a shorter supply of trophy homes in some markets, has led to a rise in $100,000-a-month rentals.
Even before buying the Hawaiian island of Lanai, Oracle CEO Larry Ellison was among the biggest spenders in corporate America.
Excalibur Almaz will charge wannabe astronauts an average of £100 million for a six to eight month journey exploring deep space
The ten best reads for the High Net Worth reader to hit the beach with this summer.
The United States is still No. 1 when it comes to the number of millionaires in a single country, but global wealth is continuing its movement eastward.
A new study shows that charitable giving in America increased 4 percent last year, to $298.4 billion. But Americans gave only 1.9 percent of income to charity, down from previous levels.
A new study of multi-millionaires finds that only half plan to leave their inheritence to their kids.
The very rich seem to be spending conservatively on their luxuries and their investments alike, which is bad news for the rest of us.