A painting owned by the widow of a Dutch-born
industrialist and Old Master collector sold for $35 million.
by Colleen O'Dea
The ultra-rich are lining up to buy condos at one57, a towering glass high-rise that is changing the face of Manhattan luxury housing.
by Elizabeth Ody
Executives and wealthy families are turning to medical concierge services for a level of care that exceeds the national norm.
In
early 2009, hedge-fund manager Philip Falcone was living the life of a
newly made billionaire while he was behind an estimated $113 million in personal taxes.
Thousands of
rent-controlled tenants in Mumbai
are being turned into millionaires by developers tearing down crumbling
colonial mansions to build luxury towers for the rich.
by
Karen DeMasters
Queen Elizabeth, who is celebrating her Diamond Jubilee with 60 years on
the throne, is worth $510 million, according to Wealth-X.
Billionaire John Paulson bought Hala Ranch, a 90-acre property in Aspen, Colorado, that belonged to Saudi Prince Bandar bin
Sultan, and a separate site in the town for $49 million.
by
Karen DeMasters
Two members of the Walton family, owners of the Walmart retail chain, are among the world's
five top female billionaires, according to a new survey.
A
duplex penthouse at a tower under construction on Manhattan's West 57th
Street went under contract for more than $90 million, setting a record
for a single residence in the borough.
Bidding wars
are breaking out for luxury homes in wealthy Los Angeles enclaves as an increasing number of
buyers bet on rising home prices and investors return to the market.
JPMorgan Chase
& Co.'s top spokesman sold his four-story
townhouse in Manhattan's West Village for $6.7 million, more than three
years after first putting it on the market.
by
Karen DeMasters
The world of high finance and high fashion will come together May 17
when U.S. Bank sponsors a fashion show by internationally known New
York designer David Hannant.
JPMorgan Chase & Co. equity analyst Peter Lawrence won a U.K. appeal
cutting to $2.18 million a divorce payout to his
ex-civil partner, actor Donald
Gallagher.
by
Karen DeMasters
Although the number of millionaires, and affluent of all levels,
continues to increase, wealthy investors still say achieving the
American dream is getting harder, according to a recent survey.
It's just as important to manage the impact of wealth on family dynamics as it is to manage the actual wealth itself, according to experts.
Investors from Donald Trump to luxury homebuilder Toll Brothers Inc. are
wagering there's money to be made buying golf courses.
A second woman, Jaynie Baker, was charged with promoting prostitution,
joining Anna Gristina, whom prosecutors accuse of running a New York
brothel that catered to high-net-worth clients.
Michael Jordan, who led the Chicago Bulls to six National Basketball
Association championships during his Hall of Fame career, is selling his
suburban home for $29 million.
Steven Cohen, the billionaire founder of SAC Capital Advisors LP, hid
$5.5 million from his ex-wife during their 1990 divorce, her lawyer
argued before a federal appeals panel.
