Wealth Inside Wealth

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  • Hillside Vineyard, Samos, Greece.

    Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.

  • Slipstream Yacht

    An over-supply of mega-yachts in the Mediterranean has led to heavy discounting and deals for yacht renters. Some are offering free private jet flights with a yacht rental.

  • The Euro crisis has affected every part of the European economy, even in the rarified market of mega-yacht rentals in the Mediterranean. A glut of yachts for rent, coupled with the slowing global economy and the Euro crisis, is creating unprecedented bargains in the charter yacht business this summer. Yacht brokers say there are roughly 750 boats over 100-feet long docked on the shores of the Med this summer waiting for customers – twice the number of previous years. And there simply aren’t enou

    The slowing economy has led to some unprecedented bargains in the charter yacht business. Click ahead to see what kind of yacht is for rent at a discount this summer.

  • Sports fans hold strong opinions about which pro basketball players deserve their massive salaries, and which ones don’t. One fan, however, has gone further than the average barstool commentator --- Southern Utah University economics professor David Berri. Berri is co-author of the 2006 book “The Wages of Wins,” which determines which players are overpaid with a statistical method called "Wins Produced" that he and his co-authors developed.According to Berri, NBA players are paid for high scorin

    Sports fans hold strong opinions about basketball salaries, but economics professor David Berri developed a statistical method to see which players are the most overpaid.

  • The Chairman

    Luxury watch brands are launching high-end, high-tech smartphones with the craftsmanship traditionally associated with the art of watchmaking.

  • Richard Mille RM027 watch

    No wonder tennis star Rafa Nadal was so sad about losing his watch this week. The company that makes it is totally sold out of the product.

  • portfolio_chart_glasses_93.jpg

    New Fed data show that while the middle class lost more than a third of their wealth between 2007 and 2010, the top 10% gained. The reason is quite simple: the wealthy owned more stocks.

  • Rafael Nadal celebrates with his trophy after winning the French Open tennis tournament at the Roland Garros stadium, on June 11, 2012 in Paris.

    The $370,000 luxury watch owned by tennis great Rafa Nadal was stolen..and now found.

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  • Miami, Florida

    Miami's high-end real-estate market is hot, but with wealthy foreign speculators providing the heat, a global stumble could cool it off in a hurry.

  • "Tete" carved by Italian sculptor and painter Amadeo Modigliani

    The wealthy have been turning to the concrete value of collectibles during the financial crisis. But some of the sector's stability is illusory.

  • ferretti_yacht_200.jpg

    In the past, investors rarely cared much about off-the-job spending by CEOs. But in the current climate, the yacht and Ferrari habits of CEOs may, indeed, be relevant to investors.

  • 965 Ferrari 275 GTB

    Classic cars have been steadily increasing in value, but once you own one of these cars, the cost of restoration, insurance and taxes start to mount, until your investment becomes more about love than money.

  • One 57 Manhattan

    High-end New York brokers were asked: If your client were spending $30 million or more, what five apartments would you show them?

  • last_will_testament.jpg

    Financially speaking, 2010 was a pretty good year to enter the next life if you were wealthy. There was no estate tax, so heirs inherited their dad or mom’s fortune without paying the usual 35 percent or more in estate taxes. Next year, however, could be different.

  • Take a finely crafted object, add exceptional provenance and the passion of collectors with means and passion—the likes of Microsoft co-founder Paul Allen and actors Richard Gere and Steven Seagal. What do you get? Some of the world’s most expensive electric guitars.Like most collectibles, vintage guitars have lost value since the financial crisis. At an auction this weekend of guitars and equipment that belonged to late legendary guitar innovator Les Paul, the top estimate for a signed 1968 Gib

    Click ahead to see the vintage guitar with the deepest cred —and some of the highest prices paid by enthusiasts.

  • Child with money

    A new study finds that a top concern for both wealth parents and their kids was the impact of wealth on their relationships.

  • Two women look at a jewelry display in a luxury shopping mall in Shanghai. Following in the footsteps of Japan, China has become the world's second-largest consumer of high-end fashion, accessories and luxury goods.

    Economic growth in China has created a voracious appetite for luxury goods. Now wealthy shoppers there are shunning labels they see as tainted by the common touch.

  • gucci-facebook-200.jpg

    In the luxury business, Burberry has highest number of Facebook fans, at 12.6 million. Gucci comes in second, with 7.8 million.

  • An IRS report on the top 400 earners in America – known as the Fortunate 400 – found that their incomes fell 41 percent between 2007 and 2009. Their effective tax rate also climbed to 19.9 percent.

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