A real estate developer was the buyer of a 1957 Ferrari that sold for more than $35 million, according to people familiar with the sale.» Read More
The NYSE and iBillionaire have launched the iBillionaire Index, which tracks the blue-chip stock holdings of leading billionaire investors.
CNBC's Robert Frank reports the record for the most expensive painting by a deceased artist, as well as a living artist both sold Tuesday night. Francis Bacon's "Three Studies of Lucian Freud" sold for $142.4 million.
Andrew Fabricant, partner of Richard Gray Gallery, discusses why Francis Bacon's "Three Studies of Lucian Freud" was in such high demand. CNBC's Robert Frank, provides insight on the auction.
CNBC's Robert Frank reports on the elusive billionaires club.
Brett Gorvy, Christie's chairman, has high expectations for pieces at auction estimated to be the the highest ever in history. New collectors are looking for the best, he adds.
Billionaires are a bit like migratory birds. They soar high above the earth, they flash bright colors, and increasingly they move in large flocks.
While most of the private jet market is weak, some owners of Gulfstream's top-of-the-line G650 are “flipping” the planes for big profits.
BlackBerry says its interim CEO John Chen will receive a base salary of $1 million. John Martin, Reed Smith LLC thinks this is appropriate because Chen is a "turnaround specialist," while Robert Weissman, Public Citizen president, says there is too much wealth at the top.
CNBC's Julia Boorstin reports on potential opportunities at Lions Gate for a "Hunger Games" theme park. Nancy Giles, pop culture commentator, and CNBC's Robert Frank weigh in.
CNBC's Robert Frank goes inside "Caledon," which is a 314-acre estate in Arlington, Washington
CNBC's Robert Frank says three Twitter honchos shared a $4 billion jackpot on the company's IPO day.
The government paid $11.3m in farm subsidies to 50 billionaires or businesses in which they have some form of ownership. The New York Times reports.
A new report says the combined fortunes of the world’s billionaires have doubled since the financial crisis, but what do we know about them?
China's Dalian Wanda Group, founded by the country's richest man Wang Jianlin, snapped up a Picasso painting for $28.2 million at a Christie's auction.
Asia churned out the highest number of billionaires globally in 2013, a stark contrast to Europe - which saw a decline in its ultrawealthy population.
Lackluster sales at a recent Christie's auction may not be a sign that the frothy art market is finally breaking down.
Christie's Monday night auction racked up $92 million, less than half of the early top end estimates, reports CNBC's Robert Frank. Also, a look at a big find in Munich of art allegedly looted by the Nazis.
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.
CNBC's Robert Frank reports NYC Mayor-elect Bill de Blasio plans to pay for education programs by raising taxes on the wealthy by more than $500 million.
CNBC's Brian Sullivan looks at a few "knick knacks" Oprah Winfrey auctioned for her charity, which brought in more than $600,000. Robert Frank reports on some of the most expensive items up for auction this Fall season.
Finra's latest sanctions include fines against an Atlanta firm for soliciting business using a do-not-call list.
Advisor Zaneilia Harris says women must not invest under stress, but be vigilant in protecting their legacy and net worth.
Not all alternative investments are riskier than stocks, and some asset classes are more easily understood than others.