Wealth

Boat sales are back

As the economy improves, people are making discretionary purchases, giving the boat industry a lift.

Source: Sotheby’s
This extraordinary 100-carat perfect diamond in a classic emerald cut will be going up for auction by Sotheby’s on April 21.

An extremely rare 100-carat emerald cut diamond is heading to the auction block in April. Sotheby’s Auction House said it could fetch between $19 million and $25 million. The diamond’s current owner, who remains anonymous, spent over a year studying, cutting and polishing a rough 200-carat diamond to deliver the perfect stone. Read More Meet the …

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While politicians are focused on all the foreigners who want to become Americans, perhaps they should consider all the Americans who are becoming foreigners. According to the latest data from the Treasury Department, spotted by Andrew Mitchel at the International Tax Blog, a record 3,415 Americans renounced their citizenship in 2014. That was up from …

Emmanuel Dunand | AFP | Getty Images
Bill Gates, founder of the Bill and Melinda Gates Foundation.

America’s 50 top givers in 2014 donated $9.8 billion to charity, up 27.5 percent from the top 50 gifts in 2013, according to a new report. Bill Gates was the top giver last year, according to the Philanthropy 50, assembled by the Chronicle of Philanthropy. Gates and his wife, Melinda, made a gift of $1.5 …

Daniel Acker | Bloomberg | Getty Images
Microsoft co-founder and Berkshire Hathaway board member Bill Gates, left, and Chairman and CEO Warren Buffett are shown prior to the annual shareholders meeting in Omaha, Neb.

The number of billionaires in the world grew by 222 in 2014, bringing the total to a record 2,089, according to a new report. The three richest men in the world—Bill Gates, Carlos Slim and Warren Buffett—now have a combined $244 billion, up $52 billion over the past year, or about $100,000 a minute, said …

Nicholas Kamm | AFP | Getty Images
Danny Meyer, chief founder of the Union Square Hospitality Group and Shake Shack.

Danny Meyer is already a wealthy man. The founder of Union Square Hospitality Group has owned more than a dozen acclaimed restaurants, including the iconic Union Square Café, and his foodie empire includes books, consulting, events and other services. But the man who made a fortune from his richly comforting oxtail risottos and chestnut-bread puddings …

Greg Wood | AFP | Getty Images
The cruise liner 'Crystal Serenity' sitting berthed at Sydney's historic Rocks area in Sydney, Australia.

After her husband died, an 86-year old widow decided to sell her 10-acre Florida estate and permanently live on a luxury cruise ship. Lee Watchtstetter, or Mama Lee as the ship’s crew calls her, has been aboard the Crystal Serenity for nearly seven years, reports the Asbury Park Press. She estimated that living on the …

Ares

More super-rich than ever before are ditching those luxury supercars you can buy off the forecourt and instead are customizing their rides to maintain that exclusive edge. In the battle for exclusivity, high-end carmakers have tried offer bespoke services and ultra-luxe models. Auto groups such as Ferrari are increasingly offering a personalized service when it comes …

Source: Rodeo Realty
Minecraft founder Markus Persson bought this Beverly Hills, California, home for $70 million, according to sources.

After a scorching four years, the luxury real-estate market may be cooling off. Sales of homes for $1 million or more fell 20 percent in the fourth quarter compared with those in the third quarter and posted their worst year-on-year growth since 2011, according to the CNBC Luxury Real-Estate Report, conducted by Redfin, a real-estate …

Dan Van Oss | Getty Images

A new study found that more than two-thirds of the world’s millionaires are affiliated with a religion, with more than half identified as Christians. The study, from the nonpartisan wealth research firm New World Wealth, found that of the 13.1 million millionaires in the world, 7.4 million, or 56.2 percent, identify themselves as Christian when …

Source: Barrett-Jackson
A 1969 Shelby GT500 Convertible, formerly owned by racing legend Carroll Shelby, could sell for $500,000 to $650,000.

Even as classic Ferraris, Porsches and Mercedes hit new highs, American muscle cars lagged behind the collectibles boom for most of the recovery. Now, however, they’re roaring back to life. According to Hagerty, a collectible car insurer, muscle cars are now back to their 2008 peak for the first time since the recession. The company’s …

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As the world’s richest individuals approach retirement, the next three decades will see trillions fall into the hands of their younger family members – the biggest wealth transfer in history from one generation to the next, according to a new report. At least $16 trillion of ultra-high net worth (UHNW) individual’s wealth will be passed …

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Europe is the sick man of the global economy. So why are millionaires investing their money there? According to a new survey from Spectrem Group, Europe is the preferred overseas investment for millionaires. When asked which countries or regions they plan to invest in this year, Europe topped the list at 19 percent. It was …

Source: Macklowe Properties and CIM Group

The average apartment price in Manhattan hit a record $1.72 million in 2014, as the New York wealthy and overseas rich continue to seek safety in the New York skyline. While sales volume is slowing, prices continue to rise in New York as strong demand competes for historically low supply. The average sale price for …

Nati Harnik | AP
Warren Buffett, right, and Bill Gates last May.

It may not be what you jack-of-all-trades want to hear but according to Warren Buffett and Bill Gates, focus is the most important factor to success. Both men agree that relentlessly focusing on one specific passion or problem leads to achievement. And that means pushing aside other ideas and interests until a goal is reached, according …