Investing

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Hot, Cold And Busted Sales In London Show The Risks Of Flipping Art

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The auction's results underscored the risk of seeking quick gains in the opaque art trade.

How Two College Dropouts Built An $860 Million Fortune By Age 23

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Their company has become a fintech darling, with a valuation of more than $2 billion.

Baseball's A-Rod Fulfills Dream To Become New York City Landlord

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Alex Rodriquez has entered into a partnership that will set out to buy apartment buildings in the city.

Russ Prince: Heading Off Conflicts That Destroy Family Wealth

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The passing of self-made, super-rich clients can often cause family divisions to come to the surface in a hostile way.

Gold's Rally To Six-Year High Spurs People To Sell Their Old Tiffanys And Rolexes

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Refiners and recyclers of the precious metal are riding the rally as investor interest returns to gold.

Cartoon Avatar App Uses Famous Athletes, And Their Money, To Take On Bitmoji

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Genies lets you build a cartoon version of yourself to use when you message someone.

Why The Wealthy Are Mobile

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There is an ever-lengthening list of countries that allow the wealthy refuge through carefully crafted investment programs.

Banker's Wife Part Of Organized Crime Group, Government Tells U.K. Court

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The Azeri banker is serving a 15-year prison sentence for abuse of his office.

Billionaires From Soros To Pritzker Heirs Call For Wealth Tax

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There are concerns that such a tax is unconstitutional because the federal government is prohibited from taxing property.

BMW Billionaire Heirs Say Their Lives Are Harder Than You Think

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Being a guardian of wealth has "personal sides that aren't so nice," one of the owners of BMW AG said.

The World Now Has Three People Worth More Than $100 Billion Each

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France’s multibillionaires have added the most wealth among European billionaires.

How Hackers Can Take Over Your Car's GPS

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As autonomous driving gets closer, worries over safety grow. But the experts aren’t too worried yet.

Hedge Fund Chief Credits Colts Cornerback With Saving Son's Life

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NFL player Kenny Moore was lauded by the investor for helping his son during a time of crisis.

Market's Late 2018 Nosedive Took Toll On Foundation Assets

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Small private foundations saw their assets decrease at the end of 2018 after robust growth a year earlier.

A Failed Trump Golf Course Turned Into A Dilapidated New York State Park

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A bill pending before the state legislature would change the name of the park to honor the folk singer Pete Seeger.

Russ Prince: The Four Biggest Concerns Of Mid-Market Family Business Owners

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A majority of private wealth creation is a function of successful family businesses.

Goldman Secures Easy Win On Loan To Billionaire

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The transaction offers a glimpse at how the rich can leverage their assets for liquidity.

What Happens When You Unexpectedly Buy That $20 Million Painting

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Auction houses increasingly turn to third-party investors to place prearranged bids on expensive artwork.

A-Rod To Sell Basquiat As He And J-Lo Begin Collecting As Couple

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The two modern artworks are thought to be worth in the neighborhood of $6 million.

Billionaires' Nonprofits Are The Art Market's Golden Ticket

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Art shows are aiming many of their high-priced works to high-spending private foundations.

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