Wealth

Getty Images
James Packer, Crown Resorts Chairman.

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 …

Money pours into wine country

Just how much money is being poured into wine country? The numbers are eye popping.

WIN-Initiative | Getty Images

The rich may well be “different from you and me,” as F. Scott Fitzgerald put it, but they think everyone else is like them, according to a new study. And the richer you are, the more likely you are to think that others are wealthy, too, according to the study published this month in the …

Martin Barraud | Getty Images

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 …

102854757-20150501-2-1285-7.578x276

Move over, Jay-Z and Beyonce. According to data compiled by Wealth-X, Microsoft co-founder Bill Gates and wife Melinda are the world’s wealthiest couple, with a combined net worth of $85.7 billion. Amancio Ortega Gaona, the co-founder of Spanish retail firm Inditex, and his second wife, Flora Perez, earned the number two slot with a combined …

102759759-181095316.578x276

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 …

102737735-composite3.578x276

It’s another list that Warren Buffett can say he tops. At the age of 84, the Berkshire Hathaway chief is the oldest CEO in the S&P 500, according to data provided to CNBC by S&P Capital IQ. The only other CEO over 80 on the list is Fox’s Rupert Murdoch, who also is 84 but …

David A. Grogan | CNBC
John Pauslon

Harvard University received a $400 million endowment for its School of Engineering and Applied Sciences—its largest ever gift, the school announced Wednesday. (Tweet This) The donation comes from John Paulson, the billionaire money manager behind Paulson & Co., who graduated from Harvard Business School. To honor his donation, the school (which counts former Microsoft CEO …

BsWei | Getty Images

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 …

Isak55 | Getty Images

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 …

Source: CNBC
American Pharoah

When American Pharoah crossed the finish line at the Kentucky Derby, he earned more than the most coveted title in horse racing, he earned another couple million to his name. As he continues chasing a Triple Crown victory at the Preakness this Saturday, his earning potential can only go up from here. Even before American …

Justin Tallis | AFP | Getty Images
Pablo Picasso's “Les femmes d’Alger (Version O)”

A sale is set to make history later Monday, with expectations that a multi-million dollar sale of a Pablo Picasso masterpiece could smash a world record. Picasso’s colorful 1955 cubist creation “Les femmes d’Alger (Version “O”)” will go under the hammer at a sale by auction house Christie’s in New York, with estimates that it …

102253769-186136044.578x276

Republicans and Democrats may not agree on much, but when it comes to investing, their stock bets are lining up. Both Republican and Democratic millionaires are heavily favoring financial stocks, and they are also in agreement on where to take profits: in significant numbers millionaires of both political stripes have reduced exposure to the technology …

Tom Knibbs | Photographer's Choice | Getty Images

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 …

101113363-20131014-7354-358.578x276

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 …