Inside Wealth
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Many wealthy people downplay the role of luck in their success, highlighting a political question: how much do they "owe" society in taxes or philanthropy?
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.160x105.jpg?v=1367256997 "Global Luxury Sales Growth Could Halve This Year")
Bain & Co. predicts that growth in luxury sales will be up to 50 percent slower this year than last. The main reason: Chinese are breaking away from their gift-giving culture and trying not to be ostentatious.
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Family offices are becoming major players in financial markets. A string of billionaire hedge funders have transformed their funds into family offices. Could SAC be next?
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Disneyland likely says it gives visitors to its theme parks the royal treatment, but if you want to see the park through the eyes of a real prince be prepared to pay up.
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A slew of recent studies argue that more wealth brings better health: from longer lives to lower disability rates. But wealth may bring a negative side-effect to one group: ladies who lunch, who tend to drink more than is recommended.
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Actor Steve Martin is listing his villa in the posh Caribbean island of St. Barts for 8.75 million euros, or about $11.4 million. If he gets what he's asking, he'll score a nice profit on its sale.
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France's auction of wines from the Elysee Palace fetched more than three-times its original estimate. The lofty price was the result of the premium placed on the seller—the French presidential palace.
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The two-day auction of 1,200 bottles of wine from the Elysee Palace is on pace to surpass its estimate of $300,000, helped by the sale of a 1990 Petrus for $9,400.
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.160x105.jpg?v=1370013015 "The Top 1% Now Controls 39% of World's Wealth")
The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow, according to a new report.
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Global wealth grew faster in 2012 than in the previous two years, boosting the number of millionaires and improving the outlook of the wealthy, according to studies.
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France's Elysee Palace is set to auction off more than $325,000 of wine Thursday. And while some bottles may sell for up to $3,000 a bottle, others might be yours for a mere $20.
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Brokers say there are now at least a half dozen homes and estates in the Hamptons that are renting for around $1 million—just for the summer—a new record.
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A growing number of companies are offering "yacht shipping" services, where yachts are loaded and carried on giant cargo ships to distant locations.
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Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
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A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.
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David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.
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A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
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The talk radio personality has reportedly bought a piece of oceanfront property that is the highest dollar deal recorded this year in the tony Florida town.
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A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?
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Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
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The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
Inside Wealth Million Dollar Minute
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Two stunning collections of literary letters are up for sale in New York for more than $5 million.
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One of five Liberty head nickels mistakenly minted in Philadelphia in 1913 sold at auction for more than $3 million.
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A letter Francis Crick wrote shortly after the discovery of the structure of DNA sold at Christie's for $5.3 million.
Most Popular Video
Dolly Lenz, Prudential Douglas Elliman, says smart sellers are catering to the new buyers from Asia. She believes buyers from China make up about 10 percent of the market. "That's a lot," she adds.
Monday, 10 Jun 2013 | 12:52 PM ETFMHR trader Stephen Weiss talks about his Blackberry shares. Last month, he had positive things to say about the company. This month, he's explaining why the stock is down 12 percent since his call. And stocks lighting up the Twitter feed, with the FMHR traders.
Monday, 10 Jun 2013 | 11:15 AM ETCNBC's Diana Olick says the number of jumbo loans is up 15 percent over last year, and even though it's still a small share, it's expected to continue to grow.