Wealth

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 …

Peter Merholz | Flickr | Wikipedia
French Laundry restaurant in Yountville, California.

The wine boom has led to a new type of criminal—Burgundy Bandits. Thieves in San Francisco are targeting high-end restaurants in a search for Domaine de La Romanee-Conti, a pricey Burgundy. Bottles of Romanee-Conti, also known as DRC, have soared in price as wealthy Chinese buy up vintage bottles at auction. Read More After a year …

Lucy Nicholson | Reuters
Jack Ma

Here’s some news that should cheer up Jack Ma from his funk. Of all the billionaires in the world, he had the biggest jump in his fortune this year. In a volatile year for the world’s rich, the Alibaba founder saw his fortune surge to $29.2 billion from just over $10 billion, according to Wealth-X. …

They paid how much?

Robert Frank tells us the outrageous prices some of the wealthiest people paid for homes, cars and other items in 2014.

Klaus Vedfelt | Iconica | Getty Images

When it comes to the economy, America’s millionaires are an increasingly confident bunch. More than 50 percent of wealthy investors believe the economy will be stronger one year from now, according to the just released CNBC Millionaire Survey. That’s up 9 percent from six months ago, when 42 percent of millionaires surveyed expressed a similar …

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Millionaires are sharply divided on their choice for the next President of the U.S., according to the second CNBC Millionaire Survey released today. Yet if a vote were held today, former Secretary of State Hillary Clinton would be the overall favorite among millionaire voters. The survey polled 500 people with investable assets of $1 million …

Source: Ferrari
Ferrari FXX K

The new FXX K has everything the ultimate Ferrari should have. It’s got 1,035 horsepower from a V-12 and electric motor. It’s got all the sinister beauty of the new La Ferrari—arguably the most beautiful Ferrari ever made. And it’s got a price tag that tops just about any new Ferrari ever made: $3 million. …