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Wealth Inside Wealth


  • Zuckerberg Loses $6.4 Billion (on Paper) Monday, 21 May 2012 | 12:34 PM ET
    Mark Zuckerberg

    By the time the stock closed near its opening price of $38, his holdings were worth more like $20.3 billion. Paper losses like Zuckerberg’s are not uncommon when an individual’s net worth is so closely tied to a single stock—and a volatile one at that.

  • One 57 Manhattan

    A mystery buyer has agreed to pay a record price in New York of more than $90 million for the duplex penthouse at a Midtown tower, the building’s developer said Thursday.

  • Reticent Rich: Preferred Style in Silicon Valley Friday, 18 May 2012 | 2:57 PM ET
    Silicon Valley, California

    Here in one of the richest corners of the country, the tech elite display an ambivalent, sometimes contradictory approach to wealth. Money is a measure of the power of the companies that entrepreneurs have built, rather than a thing to display.

  • Mark Zuckerberg

    The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s IPO today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.

  • For High End Real Estate, London Rules the Roost Friday, 18 May 2012 | 9:57 AM ET
    Big Ben

    London prices have risen 45 per cent over the past three years, compared to only 15 per cent in Geneva, 17 per cent in Paris and 10 per cent in New York, making London ever more expensive (and desirable) than its western peers.

  • For the Rich, Diamonds are the New Stocks Wednesday, 16 May 2012 | 11:55 AM ET
    The 35-carat pear-shaped diamond Marie de Medici wore at her coronation in 1610, one of the world's most famous gems.

    New studies show that the wealthy are pulling back from stocks  and stashing more of their money into real-estate, art and even diamonds.

  • Will Facebook’s Wealth Boom Save California? Wednesday, 16 May 2012 | 10:13 AM ET
    Facebook IPO papers

    Facebook is expected to be one of the largest one-time wealth-creation events in history.  All that new wealth is also expected to generate millions, if not billions, in tax revenues for California. But can Facebook’s Wealth Effect rescue California from its latest budget crisis?

  • In these tough market conditions, it could be said that no private jet model is 100 per cent safe. But this has not stopped new types of private jet travel emerging.

  • couples_dinner_200.jpg

    Investing in restaurants has a bad name. But plenty of people find ways to run restaurants profitably and make a good deal of money from the enterprise.

  • How Your Household Help Puts You at Risk Thursday, 10 May 2012 | 10:58 AM ET

    Many wealthy homeowners consider their household help members of the family, and don’t think about their constant presence as a wage, discrimination or harrassment suit waiting to happen.

  • New York City skyline

    Reaching for the American dream? Your best chances are probably in New York, New Jersey or Maryland, the New York Times reports.

  • Case Study: How Taxes Keep Swedes in Empty Nests Tuesday, 8 May 2012 | 4:45 PM ET

    Real estate prices dipped this year because of reduced mortgage availability and market inertia caused by heavy regulation.

  • Investing in a Racehorse Without Breaking the Bank Monday, 7 May 2012 | 7:04 AM ET

    Horse racing is probably the passion investment most fraught with risk and emotions. With the elation of a big victory come the dreams of high breeding fees, and smart owners know that the price paid for a horse has nothing to do with its fate.

  • Horseplayers, Celebs Take Posh Digs for Derby Day Saturday, 5 May 2012 | 3:57 PM ET

    Short term rentals in private homes is a big business for Louisville residents on Derby day.

  • Giving It Away: Hedgies vs. Techs Friday, 4 May 2012 | 3:28 PM ET
    Paul Tudor Jones (L) and Laura Arrillaga Andreesen (R)

    The two groups donate substantially, and look to support for non-profits that are as inventive and different as they are.

  • The World's Most Remote Resorts Friday, 4 May 2012 | 9:06 AM ET
    Getting away from it all gets harder and harder, as cell phones and 4G devices keep us tapped into our lives. These ten getaways take up the challenge, spiriting you away from worldly cares. And we promise you won’t miss civilization one bit. Click ahead for the world’s most remote resorts!

    Getting away from it all gets harder and harder, as cell phones and 4G devices keep us tapped into our lives. These 10 getaways take up that challenge, spiriting you away from worldly cares.

  • Most Expensive Luxury Suites Thursday, 3 May 2012 | 5:19 PM ET
    There are two main ways to get a luxury suite, explains Scott Spencer, president of . The first is to lease one, which is a considerable commitment of time and money. “On the extreme side, the Dallas Cowboys require a 20-year lease agreement for those who want to become suiteholders.  The New York Yankees and Madison Square Garden don’t require as long a commitment, but they have some of the steepest prices in the industry - some suites at Yankee Stadium go for over $800,000 per year and the ver

    The following is a list the most expensive of the sporting events that had the most expensive luxury box suites, from baseball to basketball to football and more.

  • Top Wall Street Art Collectors Thursday, 3 May 2012 | 10:47 AM ET
    The sale of Edvard Munch’s 1895 pastel “The Scream” at Sotheby’s this week has attracted worldwide attention as well as guesses about who would buy the painting and for how much. Those on Wall Street have been known to amass valuable collections of art, both for corporate and private use. Some collectors are renowned for snatching up artwork at auction for tens of millions, and could be among the frontrunners to purchase Munch’s masterpiece. To get an idea of the most avid art buyers on Wall Str

    CNBC's "Power Lunch" team assembled a gallery of the best known art collectors from the financial world. Click ahead to see who made the list.

  • Who Will Buy 'The Scream?' Wednesday, 2 May 2012 | 2:21 PM ET
    Edvard Munch's The Scream

    Wall Street isn’t normally the place to go to talk about fine art, but Sotheby’s big spring art sale in New York has financial players buzzing about blockbuster paintings being offered and possibly bought by some of their own.

  • Monaco

    The invasion of the super-rich has a social impact, diluting what is referred to as the “civic” quality of the cities they have adopted as their playgrounds.


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