A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
Wealthy Chinese may not be buying many big yachts. But they are buying up big yacht companies. A look at what's driving the trend.
Calls to tax the rich are suddenly reaching higher volume, whether it's Bill Gross' “Scrooge McDuck” blog or a ballot measure in Colorado to make high earners pay for schools, or New York's Bill de Blasio’s tax proposal.
Stocks have not only recovered but also reached new highs, yet yacht sales and prices are still under water.
Here are some examples of the cutting-edge updates—both essential and indulgent—that shipbuilders are making to stay in the race.
Two new surveys find that the debt cliffhanger in Washington earlier this month left top investors badly shaken.
Wealth-X has put together a list of all 50 states with their top wealth-holders. A look at how the states stack up.
Eike Batista declared in 2011 that he would soon become the richest man in the world. Instead, he may become known for the largest personal-wealth loss.
In a big twist, a recent survey of top luxury CEOs lists North America as the most important market for growth over the next five years.
Real estate sales in the Hamptons posted the strongest third-quarter results in eight years.
Rachael Sacks said she has no intention of apologizing or flip-flopping on her views about wealth discrimination. A person's a person, she seems to argue, no matter how rich.
Fashion tycoon Tommy Hilfiger is listing his duplex at the Plaza Hotel for $80 million, making it one of the most exclusive condo listings in Manhattan.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Wealthy young New York families are making up for the removal of Latin Americans as buyers of luxury digs, real estate pros say.
The CEO snapped up the Lotus body for $989,000, and confirmed plans to turn the prop into a real, working sub car using a Tesla electric drivetrain.
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
Demand for fine art is thriving, but it is the priciest works that are attracting most interest, as a number of paintings sold for millions of dollars at the Frieze Masters art fair in London.
When Sara Blakely was growing up, her father would ask her: "What have you failed at this week?" That acceptance helped feed her later success.
Apple's hiring of Burberry's Angela Ahrendts might seem baffling, but Ahrendts is perfect because Apple is a luxury brand first and a technology company second.
U.K. billionaire Richard Branson mounted a swift online defence of his decision to move to his private Caribbean island retreat.
Mark Zuckerberg spent $30 million buying up four homes adjacent to his Pao Alto pad to block a developer from building a mansion adjacent to his home.