A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist.


Lucara Diamond has sold its 813-carat diamond for a record-breaking $63.1M, and is due to sell an even larger diamond in June.


As part of its efforts to downplay inequality, China’s media regulator has just banned the children of celebrities from appearing on reality television.

private jet

Private jets are expected to descend on the San Francisco Bay area for Super Bowl 50, making it one of the biggest private jet events of the year.


The ultimate bachelor pad is up for sale — with the ultimate former bachelor included — Hugh Hefner.

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Advisers and chief investment officers working for the world’s wealthiest investors forecast that volatility will remain a key theme in 2016.

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America’s rich have a sober outlook on the U.S. economy headed into 2016, with more millionaires assuming another year with a flat S&P 500 index leading to a lower personal rate of return and a majority belief among millionaires that household income will remain the same. Meanwhile, the rich are concentrating investments in only a …

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Only 44 percent of global billionaires in 1995 maintained that status through 2014.

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The Seattle skyline with the space needle.

The real wealth gap in America isn’t between the 99 percent and the 1 percent. It’s between the 0.00001 percent and everybody else. A new study from the Institute for Policy Studies left-leaning think tank says the richest 400 Americans have a combined net worth of $2.34 trillion — equal to that of the bottom …


Prices for luxury homes posted their first drop since 2012, suggesting the top of the market may be getting too rich even for the rich. According to the Redfin real estate company, prices for luxury homes — defined as the top 5 percent of each of the 600-plus U.S. markets it measures — fell an …

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It’s a fact: Most people don’t have to face the “problems” that come from getting too rich too young. Which begs the question of when and how to start some financial planning — and possibly becoming wealthy a little later in life. The easiest and best answer is start now, said certified financial planner Geri Eisenman …

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Mark Zuckerberg

Wealth, like age, can be relative — you really notice it in relation to other people. So the folks at Wealth-X have compiled a list of the richest people of each decade, ranking the wealthiest people in their 20s all the way through their 90s. Because the list gave equal representation to the affluent of …

With a $159 million price tag, Le Palais Royal, in Hillsboro Beach, Fla., is the most expensive property listed in the U.S.

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 …


The use of private jets in the United States has grown to two-thirds of the global market for luxury air travel, as the number of high net worth individuals in the world’s biggest economy increases steadily. The country represents some 66 percent of global deliveries in the private jet market as of the end of …