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  • Mandarin Becoming the Second Language of Luxury Sunday, 15 Apr 2012 | 8:28 PM ET
    Chinese-shoppers-in-front-of-cartier_200.jpg

    Recent reports from the worlds of retailing, real estate and education suggest that speaking Mandarin is becoming a prerequisite to making high-end sales.

  • Damien Hirst: Artist as Business Strategist Friday, 13 Apr 2012 | 5:00 PM ET
    "The Physical Impossibility of Death in the Mind of Someone Living" by Damien Hirst.

    Damien Hirst is the greatest living, and possibly the greatest ever, moneymaker-as-artist. MBA teachers get their students to analyse his business strategy. But what business is he in?

  • The 10 Highest Paid CEOs Friday, 13 Apr 2012 | 10:07 AM ET
    Recession, Dodd-Frank rules, and criticism from their own shareholders may have slowed the growth of corporate pay in recent years, but according to initial reports on 2011 compensation, America's chief executives are hardly going wanting. The ten highest-paid CEOs were paid an average of nearly $90 million dollars, when all of an executive’s compensation is considered. The compensation figures listed represent total calculated compensation (TCC), which includes salary, bonuses, estimated stock

    The 10 highest-paid CEOs were paid an average of nearly $90 million dollars, when all of an executive’s compensation is considered. So, who were the highest paid CEOs of the year?

  • Super Rich Spared So Far by IRS Audit Task Force Thursday, 12 Apr 2012 | 1:05 PM ET
    The IRS building in Washington, D.C.

    Despite the Internal Revenue Service's promise to bring new scrutiny to the super rich, a new report finds that of nearly 8,300 individuals with income of $10 million or more, as few as a dozen may have been audited.

  • Luxury Apps Pamper High-End Shoppers Thursday, 12 Apr 2012 | 12:08 PM ET
    neiman_marcus.jpg

    High-end merchants like Neiman-Marcus and luxury brands like Burberry and Stella McCartney are adapting to the new virtual shopping scene, incorporating mobile apps, “augmented reality” and iPad link-ups that extend, rather than sully, the plush experience of their stores.

  • Newspaper Barons Resurface Tuesday, 10 Apr 2012 | 3:30 PM ET
    Newspapers

    Newspapers may be short on profits, but they have become a new form of ostentation. How rich is he? He can afford to own a newspaper, for crying out loud.

  • A Costly Toy Subsidized by Others Tuesday, 10 Apr 2012 | 11:16 AM ET
    Dodger Stadium

    One of the new owners of the Los Angeles Dodgers plans to use money from insurance companies to pay for a big chunk of his purchase of the team. The move seems like a lawsuit waiting to happen.

  • The World's Richest CEOs Tuesday, 10 Apr 2012 | 1:50 AM ET
    The world’s richest chief executives have all either founded or built companies from the ground up, in many cases transforming their industries.While some of them inherited wealth, most came from modest beginnings. One started as a newspaper boy, another as an insurance salesman, a third as a mortgage broker.Our list of the 10 richest CEOs spans across four generations; the youngest CEO on the list was born in 1984, the oldest in 1930.The ranking is based on net worth figures from Wealth-X, a re

    The world’s richest chief executives have all either founded or built companies from modest beginnings. Find out who are the world’s wealthiest billionaire-CEOs.

  • London and New York Draw Asian Real Estate Buyers Monday, 9 Apr 2012 | 2:44 PM ET
    St George's Flag & Houses of Parliament

    Growing prosperity in Asia is having a spin-off effect on European and U.S. property markets as the new millionaires from emerging economies look to park their wealth in key cities in the developed world.

  • A Private Jet With Space for Both the Rolls-Royces Saturday, 7 Apr 2012 | 6:00 PM ET
    Saudi Prince Alwaleed bin Talal

    Defying the economic slump, celebrities, corporate titans and Internet entrepreneurs in recent years have upgraded to bigger planes, with leather seats, plush bedrooms and opulent boardrooms.

  • Five Things to Ask Before Investing in a Hedge Fund Friday, 6 Apr 2012 | 4:35 PM ET

    The newly signed JOBS Act allows hedge funds to talk to high-end investors without going through a third party. Whether the pitch comes from the fund manager, a notice in a newspaper or through your usual advisor, the usual safe-investing advice still applies.

  • The JOBS Act Frees Hedge Funds to Advertise Thursday, 5 Apr 2012 | 4:32 PM ET
    Help Wanted sign

    The JOBS act enables hedge funds and private equity firms to solicit investors directly, instead of through third parties, which typically vet the firms before introducing them to clients, raising new risks to small investors unaccustomed to the complex and risky strategies the firms deploy.

  • Is Tiger the New Hemline for Stocks? Thursday, 5 Apr 2012 | 1:15 PM ET
    Tiger Woods

    But as Tiger Woods tees off today at the Masters Tournament in Augusta as the favorite for the first time since his private life blew up in the late fall of 2009, the stock market has finished a bracing first quarter.

  • For Gates-Like Wealth, Look Beyond Wall Street Thursday, 5 Apr 2012 | 1:06 PM ET
    Bankers Bonus

    It is harder than ever to become one of the world’s wealthiest individuals by working on Wall Street. Profits are getting crimped as new regulations put the brakes on some of Wall Street’s riskiest — and most lucrative — practices. Compensation is falling. And stocks, a large part of industry pay, are under pressure.

  • Why Aren't High Net Worth Investors Acting on Optimism? Wednesday, 4 Apr 2012 | 3:22 PM ET

    Like other Americans, high net-worth investors are feeling upbeat about the economy’s near-term fortunes of late, according to a new survey. So why aren't they diving into the stock market?

  • The Man Who Brought Riches to the Powerful Wednesday, 4 Apr 2012 | 10:59 AM ET
    Richard Rainwater

    The list of those whose careers have been made or influenced by billionaire investor Richard Rainwater reads like a guide to contemporary American business.

  • Time to Sell Penthouse. The Russians Have Cash Wednesday, 4 Apr 2012 | 10:47 AM ET
    New York City

    The real estate market in the United States may still be slumping, but its high end is enjoying a remarkable updraft, propelled by money flowing in from all corners of the globe, including from developing countries like Brazil, China and India. But no group is consistently writing bigger checks than the Russians.

  • Out of One Frying Pan, and Into Another Tuesday, 3 Apr 2012 | 4:57 PM ET
    Ahmass Fakahany, restaurateur and former Merrill Lynch executive.

    Former Merrill Lynch co-president Ahmass Fakahany is applying what he learned on Wall Street to his swiftly growing restaurant empire.

  • The 10 Richest MLB Owners Tuesday, 3 Apr 2012 | 4:23 PM ET
    With the 2012 MLB season getting under way, the biggest moves in baseball’s off-season were focused on the teams rather than the players. The league shook up the playoff structure, adding an additional one game wild-card round, while also announcing that the Houston Astros will become an American League team in 2013. More recently, the financially troubled L.A. Dodgers were auctioned off, with a record-breaking bid of $2.15 billion coming in from an investment group that included former NBA star

    With all the money involved in the sport, the question remains: who are the richest owners in baseball? Click ahead for the Top 10.

  • Billionaire Toys Monday, 2 Apr 2012 | 5:15 PM ET
    There are few sensations that can beat the thrill of a frivolous purchase. After struggling all month to make sure that the rent, bills and car payments are paid in a timely fashion, it can be downright exhilarating to blow a big chunk of change on something unnecessary.Sadly, the thrill passes once the next billing cycle kicks in. That $300 pair of shoes may have seemed like a well-deserved extravagance, but now it’s starting to feel like an ill-advised and anxiety-provoking mistake.The morning

    Billionaires can buy every toy that catches their fancy, including antique cars, jumbo jets, and spaceships. What are some of the toys the world’s billionaires have bought?

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