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$900 for a cupcake? This one’s topped with gold
The cupcake craze has come and gone. But the three-figure cupcake craze may be just beginning. A Toronto bakery recently whipped up a $900 cupcake for a customer who wanted to buy “something special”...
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Putting the smartest racket in tennis to the test
CNBCJo-Wilfried Tsonga tries out Babolat’s Play smart racket on the court with CNBC’s Robert Frank. Technology has radically changed the game of tennis—from the rackets and strings to the data used to...
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How safe is a prenup? Breaking it up can be hard to do, lawyers say
Prenups are supposed to be the ultimate divorce insurance for the wealthy. Yet like insurance, prenuptial agreements are often challenged when there’s a claim. The increasingly bitter and public...
View ArticleThe stock gap: American stock holdings at 18-year low
The widening gap between the wealthy and the rest of America during the recovery can largely be explained in one word: stocks. According to recent data from the Federal Reserve, America has the lowest...
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China’s millionaire machine is slowing: 40,000 added last year
China created 40,000 new millionaires in 2013, bringing the total to 1.09 million, according to a new study. The growth of 3.8 percent is a bit of an improvement from last year’s 3 percent gain. But...
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The billionaires of Alibaba
Alibaba‘s initial public offering will unleash a flood of wealth for founder Jack Ma and his partner Joseph Tsai. But unlike some other recent tech IPOs, the big money isn’t being spread around the...
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Billionaires are hoarding piles of cash
Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today’s markets. According to the new Billionaire Census from...
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Silicon Valley real estate reaches bubble levels
Call it the housing bubble 2.0. While real estate in much of the country is hitting a slow patch, luxury home sales in Silicon Valley are soaring nearly as fast as Facebook stock. Sales of homes in...
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How the super rich spend their money
Forget sports cars, diamonds and yachts. Today’s rich prefer to spend their money on vacations, entertainment and collectibles. WIN-Initiative | Getty Images According to a new study from Spectrem...
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Wealthy investors expect double-digit returns
The Dow is up less than 3 percent for the year. Treasurys are yielding next to nothing. And the stock markets in many countries overseas have tanked. So why are wealthy investors expecting...
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Top 10 states for charitable giving
New York and California may be the richest states, but when it comes to charity, they’re not even among the top 25. An analysis from The Chronicle of Philanthropy, which uses data on tax returns,...
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Waldorf becomes most expensive hotel ever sold: $1.95 billion
The hotel famously called “the greatest of them all” is now the most expensive of them all. Hilton Worldwide Holdings said it’s selling the famed Waldorf Astoria hotel in New York for $1.95 billion to...
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Biggest billionaire losers in market fall
Jack Ma is now $2 billion poorer than he was last month. He’s down to his last $23 billion. Rich company founders and shareholders benefited from the market’s rally to record highs in September, but...
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Millionaires ‘concerned’ about inequality
Most millionaires are concerned about inequality, and nearly half support a higher minimum wage and more taxes on the rich, according to a new survey. The survey, from PNC Wealth Management, found...
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Sales slowing at New York’s top condo tower
The building known as One57 has ruled over New York real estate when it comes to height, price and public relations. But now, sales at One57 may be coming back down to earth. The 1,004-foot tower...
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The 10 most expensive real estate markets in the US
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$44.4 million painting sets record for female artist
$44.4 million Georgia O’Keeffe painting sets record for female artist // ]]>// // ]]> // ]]> mps.pageN = []; if (mps.pagevars.type) mps.pageN[0]=mps.pagevars.type.substr(0,11); if...
View ArticleStates with the most super-rich residents
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...
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Harold Hamm loses $10 billion from oil shock
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,...
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Four-pound white truffle could fetch $1 million
Source: Sabatino TrufflesSabatino 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...
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