Robert Frank, NBR, CNBC.com’s Posts

Le Palais Royal just became the most expensive listing in America — again. Sort of. The 60,500-square-foot mansion in Hillsboro Beach, Florida, originally was listed a year ago for $139 million. At the time, the listing agent said it was the most expensive official listing in America. But then billionaire Jeff Greene listed his Beverly …

Any average millionaire can buy the Omega Seamaster 300 worn by Daniel Craig in the new James Bond movie, “Spectre.” But only a multimillionaire or billionaire can afford the original Aston Martin DB5 used in “Goldfinger,” valued at a minimum $5 million. Memorabilia and super toys based on the Bond franchise have become increasingly popular …

A Patek Philippe timepiece became the most expensive wristwatch ever sold at auction over the weekend, when it was purchased for $7.3 million. The watch, called the 5016A, sold at Phillips auction in Geneva for more than 10 times its low estimate of $700,000. The sale followed nine minutes of intense bidding by two anonymous …

Citing Forbes’ real-time tracker, news reports on Friday said that Spanish retailing tycoon Amancio Ortega’s fortune was now worth $79.8 billion, supplanting Gates.

The price of a square foot of real estate in Manhattan hit a record in the third quarter — rising to $1,497, according to a new report. The third-quarter Manhattan real-estate report from Douglas Elliman showed the real estate market was surprisingly strong given global economic weakness and volatility in the stock market. Inventory is …

You’ve heard of $900 cupcakes and $34,000 puddings. But a birthday cake loaded with diamonds and hand-sculpted fondant just smashed the record for the most expensive dessert ever created. Price tag: $75 million. The decadent cake was created by British designer Debbie Wingham, who rose to fame when she crafted the world’s most expensive dress …

Being rich isn’t all it’s cracked up to be, according to Minecraft billionaire Markus Persson. In a series of tweets over the weekend, the video-game designer bemoaned the loneliness, isolation and lack of motivation that large wealth can create. (Tweet this.) “The problem with getting everything is you run out of reasons to keep trying, …

A Chinese billionaire has bought a mansion in Australia for a reported $70 million Australian dollars ($52 million)—making it the most expensive home ever sold in the country. Chinese developer and billionaire Chau Chak Wing bought Australian businessman James Packer’s megamansion in Sydney “without even seeing it,” according to Domain. The six-story home took three …

There’s a reason they’re called the leisure class. A new study found that American millionaires plan to spend an average of $13,429 on leisure travel and will take six vacations this year. The study from BMO Private Bank also found that most millionaires travel during nonpeak weeks, during the spring and fall. Not surprisingly, 1 …

If you think it’s expensive living in Silicon Valley or Beverly Hills, try buying a place in Sagaponack, New York. The median sales price for a home in the tony Hamptons village is more than $5.1 million, making it the most expensive ZIP code in the U.S. when it comes to real estate, according to …

Millionaires are expected to control nearly half of the world’s personal wealth by 2019, according to a new study, suggesting that the wealth gap will continue to widen. The Global Wealth report from Boston Consulting Group (BCG) said the number of millionaires in the world grew to 17 million in 2014, up from 15 million …

There is no formula for becoming a billionaire. To paraphrase Tolstoy, each billionaire is a billionaire in his or her own way. Yet a growing body of statistical and qualitative surveys provide some common patterns among billionaires that offer clues into the “billionaire personality” and what it takes to make extreme wealth. The latest comes …

More than 900 billionaires have been created worldwide over the past two decades, but a new report says the billionaire boom may be about to end. ( Tweet This ) The global wealth wave that has minted most of the world’s billionaires over the past 20 years could be ending in the next decade or …

The luxury-home market saw a burst of sales activity in the first quarter, though prices are starting to fall. According to the CNBC Luxury Real Estate Report, compiled by Redfin, sales of homes priced at $1 million or more were up 13 percent year over year—the strongest year-on-year increase in several quarters. Yet the average …

Billionaire David Tepper once called himself a “middle-class dad trapped in a rich man’s body.” Most millionaires, it turns out, have similar feelings of wealth denial. A majority of millionaires polled describe themselves as middle class or upper middle class despite being among the wealthiest 10 percent of Americans, according to the results of the …