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It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.
CNBC's Robert Frank reports on the mass exodus of wealthy Chinese citizens and where their money is flowing. Frank says the Chinese are making their money in China, but investing it overseas.
CNBC's Robert Frank reports a case of Romanee-Conti burgundy sold $476,000 at auction in Hong Kong.
A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.
CNBC's Robert Frank reports where the richest Chinese buyers are investing. China's wealthiest man, Wang Jianlin, bought a Picasso for $28 million, Frank reports.
CNBC's Eunice Yoon reports on wealthy Chinese people who are moving overseas for more personal freedoms, an unpolluted environment and to give their children a good education.
J.C. Penney is getting booted from the Standard & Poor's 500 index after losing more than half of its market value this year.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
CNBC's Robert Frank reports on the investing habits of the super rich and common mistakes they tend to make.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.
CNBC's Robert Frank reports on the terms of Rupert Murdoch and Wendi Deng's divorce settlement.
Silicon Valley's suddenly wealthy won't be doing mutual funds and muni bonds. Start-up millionaires just don't do "traditional" when it comes to investing.
The Middle East has the potential to become the world's fastest-growing luxury market, according to a new report.
China may not have the most billionaires, but it does have the youngest.
Cadillac's ELR and Tesla's Model S will be competing in the rarefied air of models selling for more than $75,000.
American consumers have always had endless consumer choices but the choice of how much you pay for everyday items hasn't been quite so extreme until recently as CNBC's Allison Linn explains.
With a major air show underway in the United Arab Emirates, CNBC's Yousef Gamal el-Din reports on some pricey corporate jets and the lack of leg room in coach.
CNBC's Robert Frank combines art and cars at the Sotheby's auction with Ian Kelleher, RM Auctions.
China has a word for its flashy new rich: Tuhao (tu means “crass” and “hao” means rich). And it’s quickly gaining global traction.
Sotheby's held the biggest auction in its history on Wednesday, led by a record-setting $105 million work by Andy Warhol.
As the end of the year approaches, it's a good time to check your financial situation by reviewing important documents.
Advisors Lazetta Rainey Braxton and Shannon Eusey caution savers to maximize 401(k) opportunities but avoid pitfalls.
A new study finds financial advice firms are lacking when it comes to security, accountability and recovery against cyberattacks.