Wealth

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. …

Amanda Weindel | CNBC
A 1962 Ferrari 250 GTO became the most expensive car ever sold at auction this summer for $34.65 million.

It won’t be long before people start putting Ferraris on their walls. A new investment analysis of collectibles shows that classic cars are vastly outperforming the art market and were the top-performing collectible investment over the past year. For the 12 months ended in October, cars as a category posted returns of 25 percent while …

Source: Sabatino Truffles
Sabatino Truffles

If you have $1 million to spend, and a very large plate of spaghetti, we have the perfect truffle for you. Sabatino Truffles just unearthed the largest white truffle on record in central Italy, weighing in at 4.16 pounds. The company says it has already received offers of $1 million from buyers in China. But …

Michael S. Williamson | The Washington Post | Getty Images
Harold Hamm

This summer, analysts were predicting that Harold Hamm could lose half of his $20 billion fortune in his divorce. Since then, Hamm’s fortune has indeed been cut in half. But the reason is oil prices, not his divorce. Since the end of August, the CEO and founder of oil-company Continental Resources has seen the value of …

Craig Warga | Bloomberg | Getty Images
A customer carries a Tiffany & Co. shopping bag outside the company's flagship store in New York.

Reading the tea leaves on today’s consumers can be a challenge when they’re saying such different things. On one hand, the nation’s unemployment rate is ticking lower, gas prices are on the decline and the stock market is hitting record highs. On the other hand, much of the country is struggling to shake off the …

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In the increasingly top-heavy world of wealth, $30 million is the new $1 million. And the number of people with a net worth of $30 million or higher is growing rapidly in the U.S., especially in California and New York. According to a new report by Wealth-X and UBS, there are now 69,560 Americans worth …

Source: Sotheby’s

$44.4 million Georgia O’Keeffe painting sets record for female artist The surge in art prices has been an especially male phenomenon. But now, female artists are gaining ground. Sotheby’s just sold Georgia O’Keeffe’s iconic flower painting “Jimson Weed/White Flower No. 1″ for $44,405,000, or more than three times the previous world auction record for any …

GSO Images | Getty Images

The amount of individuals that hold more than $30 million in assets has climbed to a new record in 2014, according to a global survey on Wednesday, which also warned that a lack of diversification meant that this wealth is not protected from shocks to the financial system. 12,040 of these new ultra high net …

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Pimco denies a Bloomberg View report that co-founder Bill Gross earned $290 million as his year-end bonus in 2013. Bloomberg said its report came from documents provided by an individual with knowledge of the company’s bonus policies. Gross now manages bond funds at Janus Capital Group. Read More Pimco: ‘Bonds aremeant to be boring’ The report said …

Visions of America | UIG | Getty Images

The 10 most expensive real estate markets in the US If you think Apple or Facebook stock is expensive, look at the price of real estate near their headquarters. Los Altos, California, in the heart of Silicon Valley, is now the most expensive real estate market in the country, according to a new report from …

Fall auction season kicks off

Fall auction season kicked off at Sotheby’s in New York City and the prices paid were eye popping.