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Icahn Investor Group increased its stake in Hertz to 33.8 percent as the stock fell 22.5 percent on an earnings miss and guidance cut.
The transaction increases the billionaire investor's stake to 23.1 percent, from 20.8 percent.
A Spectrem Group survey reveals 4 in 10 millionaires planned to move to the investment sidelines in November.
Millionaires surveyed by E-Trade aren't expressing the caution that's expected from stock market investors before an election.
Uncertainty around the presidential election added to their anxiety about the markets.
The media mogul says he was forced to borrow $100-million from the private company that holds his voting shares of CBS and Viacom.
For the first time in decades, the wealthy are set to deliver a landslide victory for a Democratic presidential candidate.
Prices for luxury condos in Miami and Miami Beach fell 30 percent in the third quarter from the prior year.
Trump has coughed up around $60 million of his own money for the campaign, shy of the $100 million he's been promising.
Visits to Trump-branded hotels, casinos and golf courses dropped again in September.
Internet businesses in China's new economy have been the driving force in generating billionaires in the region, says Adrian Zuercher, MD at UBS.
Even before the political controversies of the past week, some of Trump's businesses were showing signs of pressure.
One of the biggest billionaire wealth transfers is about to take place.
Property tycoon Wang Jianlin held off Alibaba’s Jack Ma to retain the crown of China’s richest man, a list showed.
Asia's millionaires are the most socially conscious investors among their global peers, according to a new report.
Japan and China have contributed the most to HNWI wealth growth in Asia, says Capgemini's David Wilson.
Capgemini's David Wilson explains why high net worth individuals trust wealth management firms more but are less likely to allocate assets to them.
The cost of living for high net worth individuals is increasing faster than inflation, says Stefan Hofer, head of business development at Julius Baer WM.
Fears over what Brexit could look like has cast a pall over the U.K., yet a weaker pound could be a blessing in disguise for London and its art scene.
Hedge-fund manager Mick McGuire, who sold 2 million shares of Sotheby's this week, says he still has confidence that the stock is poised to surge.
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