The $100 million sale seems to have become an annual rite of passage for the luxury real estate market following the financial crisis.» Read More
A new report raises doubts about how many billionaires among the Forbes 400 are truly "self-made rich."
Jeffrey Gundlach, a bond investor, announced yesterday that he’s offering $1.7 million for the return of his entire art collection, including $1 million for a Mondrian.
The worst may be over for foreclosures in the high-end real-estate market, brokers say
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Britain is preparing another crackdown on affluent taxpayers to probe tax avoidance. But the evidence is mixed on whether these special teams raise as much revenue as expected.
Britain is considering a plan to fast-track wealthy travelers through the passport lines at airports.
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
Court documents show that Marc Leder, who hosted Mitt Romney's secretly taped fundraiser, used a tax strategy that's being probed by authorities in New York.
Beoing recently delivered a VIP jumbo jet with a sleeping loft tucked between the lower and upper deck.
A poll of charitable billionaires found that a majority say taxes impact their giving.
Upgrading their docks and beefing up luxury harbor services, London's marinas are seeking to capitalize on the games, which demonstrated that the city is a viable super-yacht venue.
Descendants of Coke founder Asa Candler, who sold out of the soda business a generation ago to develop real estate, are on the verge of financial destruction.
Private jet travel, shunned during the recession, has begun to recover to pre-crash levels, as the super-rich fill their jets with Jacuzzis, cinemas and full-service kitchens.
A new survey shows that while billionaires added to their population and fortunes, the wealth of people worth $30 million or more fell.
CNBC's Robert Frank reports on a new non-partisan study that finds tax cuts for the rich do not promote overall economic growth.
A new study from the non-partisan Congressional Research Service found that tax cuts for the wealthy do not generate stronger economic growth. But they may increase inequality.
The Fed's latest round of quantitative easing will probably benefit the top 5 percent of Americans the most.
New data from the Census Bureau shows that the income for the top five percent of earners has fallen since 2001 - and they are still below 1999 levels.
Italian sports car maker Lamborghini is recalling some Gallardo models because power steering fluid can leak and catch fire.
For the upper tier of executives, changes in retirement plans could actually lead to richer corporate perks, as management moves to compensate for the uncertainties.