Ever wonder what it would take to rub elbows with the upper crust in Greenwich, Connecticut or Beverly Hills? Based on home values and the cost of living (including groceries, transportation, health-care costs and utilities), personal finance website GOBankingRates determined the exact annual income needed to live comfortably in the country’s most expensive ZIP codes.

Gates’ $100 billion fortune in 1999 would be worth about $149 billion in today’s dollars. So today, Bezos officially passed the inflation-adjusted Gates high. Bezos’ fortune has more than doubled over the past two years as Amazon’s stock has soared. Earlier Monday, Amazon shares hit an intraday all-time high of $1,841.95, and the company’s market

Blue Origin will soon offer tourists a ride to space but only after completing its own crewed flight tests, the company told CNBC on Friday. Ticket pricing for passengers has yet to be determined, the company said in a statement to CNBC. A Reuters report Thursday cited two company employees as saying tickets are expected

How do you stack up against the wealthiest Americans? To be a 1 percenter, you need to have an adjusted gross income of at least $480,930, according to the latest data from the IRS, which looked at income statistics for tax year 2015. The top 1 percent accounted for 1.4 million individual income tax returns

David Paul Morris | Bloomberg | Getty Images The silhouette of Mark Zuckerberg, chief executive officer and founder of Facebook Inc., is seen during the Oculus Connect 4 product launch event in San Jose, California, on Wednesday, Oct. 11, 2017. Facebook gained nearly 5 percent on Friday, hitting an all-time intraday high of $203.64 a

Warren Buffett famously still lives in the Omaha, Nebraska, home he bought in 1958 for $31,000. (Now its property taxes are almost that much.) But at the urging of his late wife, Susie, Buffett also bought a beachfront vacation home in Laguna Beach, California, in 1971 for $150,000. While Buffett put the mansion on the

The U.S. topped the list as the most popular destination for the fourth year in a row while the U.K. ranked second, followed by Ireland and then Canada. The strong education system, cleaner air and better food safety made the U.S. a favorite for Chinese investors. The Trump administration’s tax plan also got high marks

Manhattan real estate had its worst second quarter since the financial crisis, with prices and sales dropping and inventory rising, according to a new report. Total sales in Manhattan fell 17 percent in the second quarter compared to a year ago, according a report from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants.

Across all millionaires, investments to short-term holdings and fixed income, rather than equities, are more likely to increase, according to the CNBC survey. The view from millionaire investors does not portend a sustained pulling out of equities. Financial and investment advisors suggested that the increased short-term investments reflect, among other things, wealthy individuals waiting for

The North American market remains the revenue juggernaut for Facebook, with just under $5.7 billion booked in the first quarter and almost double European revenue, which is the second-largest source of revenue globally. North America also is the outlier by ad revenue per user. Facebook reported worldwide per-user advertising revenue of $5.45 in Q1 2018,

Rick T. Wilking | Getty Images Members of the Walton family (L-R) Rob, Alice and Jim speak during the annual Walmart shareholders meeting event on June 1, 2018 in Fayetteville, Arkansas.  The 25 richest families in the world are now worth over $1 trillion — more than the total value of Apple or the entire

Getty Images House Ways and Means Chairman Kevin Brady, R-Texas, left, and Speaker Paul Ryan, R-Wisc., joined by members of the House Republican leadership, introduce tax reform legislation Nov. 2, 2017, in Washington, D.C. One of the promises of the GOP tax cuts is that Americans will spend their windfall from lower taxes, which will

Past lottery winners have discovered the hard way that the more people who know they’ve won, the greater the chance they’ll be approached for things like personal loans, handouts, investment opportunities and charitable donations. Another challenge is figuring out exactly how to split the winnings. There are tax considerations, and some states have limits on

Sara Netanyahu, wife of Israeli Prime Minister Benjamin Netanyahu, was charged by Israeli prosecutors Thursday with fraud and breach of trust involving alleged misuse of public funds to pay for hundreds of gourmet meals. She was accused of fraudulently ordering hundreds of meals to the prime minister’s official residence worth over $100,000 while falsely stating

The combined wealth of the world’s millionaires rose for a sixth straight year and topped $70 trillion for the first time ever in 2017 thanks to an improving global economy and strong stock market performance, according to a new report released Tuesday. The world’s millionaires saw their wealth grow 10.6 percent to a record $70.2

Joining the Queen and her family in the royal enclosure will be the rich and famous from around the world. Transporting them to the festival in style will be 400 helicopters and a thousand limousines. To feed everyone during the event, organizers have ordered 11,000 pounds of salmon, 5,000 Angus steaks and 5,300 pounds of

Sergio Ermotti, CEO at Swiss financial services giant UBS Group, said Monday he’s concerned that trade threats between the United States and China could “get out of control.” Wealthy investors are holding more cash just in case of a full-blown trade war, Ermotti told CNBC’s Michelle Caruso-Cabrera in an interview that aired on “Squawk Box.”

In the battle between Disney and Comcast for the Twenty-First Century Fox assets, one silent partner could play a key role: the IRS. According to tax experts and people familiar with the Murdoch family trusts, the Murdoch family could end up owing more than $4 billion in taxes if the Fox assets are sold in

When he was 18, Ronaldo signed with Manchester United, the massive English football club. Since then, he’s taken the soccer world by storm. He has 654 career goals on the books, and his legs alone are insured for $144 million. Ronaldo may not be the world’s highest paid player in his sport, but what separates

Worldwide, approximately 815 million people worldwide are food-insecure, meaning that they do not have reliable access to sufficient quantities of safe, nutritious and affordable food. Even more people – approximately 2 billion – have deficiencies of important micronutrients such as iron, iodine and zinc. Insufficient dietary iron can lead to iron deficiency anemia, a condition

The disgraced organizer of the Fyre Festival, who was charged last year with wire fraud in connection to the failed event, ran a fraudulent ticket-selling scam for several months while he was out on bail and now faces new charges, federal prosecutors said on Tuesday. The announcement came about two months after the organizer, Billy

SAG HARBOR, N.Y. — Tiger Woods, always a magnet for the public’s attention, has competition this week. From his yacht. During the run-up to the U.S. Open that starts Thursday, Woods’ 155-foot yacht named “Privacy” has gotten little of it since docking here last week at Sag Harbor Yacht Club. A stream of onlookers that

Here are some ways you can give smarter:Think about what you want to accomplish. When deciding how much and to whom to give, make sure decisions are grounded in a strong sense of your liquidity, longevity and legacy goals. Make a plan. Understand your financial position now, what you expect it to be in the

Thomas Samson | AFP | Getty Images A rare Imperial Qianlong porcelain vase (18th century) is displayed at Sotheby’s auction company in Paris, on May 22, 2018. An 18th century Chinese vase found in a shoebox in an attic in France sold for 16.2 million euros ($19 million) at auction in Paris on Tuesday. The

Billionaire Paul Tudor Jones said something on CNBC on Tuesday morning that marked a major turning point in the wealth debate. The former cotton-trader-turned-hedge-funder told Andrew Ross Sorkin that income inequality in the U.S. had gone too far — and that it was the responsibility of companies to help fix it. “In 1985, 35 percent

Americans gave a record $410 billion to charity last year, driven by a soaring stock market, strong economy and a charged political environment. Total giving was up 5 percent in 2017, according to the Giving USA annual report. Giving by individuals represented 70 percent of all contributions, although donations by foundations, bequests and companies also

The Chainalysis data quantifies this distinct shift in the make-up of bitcoin owners from longer-term investors — those who held the asset for more than a year — to short-term investors who have traded more recently, by analysing how regularly coins have changed hands. Last November — before December’s pricing peak — the amount of

The closure of JFA appears to mark an abrupt end to the solo career of an architect who counted some of the richest men in the world among his clients. Fotiadis has not answered repeated calls, emails and text messages from CNBC with questions about his work in Eurasia or why he shuttered his company.

In Kiev, Esta Holdings broke ground in 2012 in the city’s historic Podol district on a mixed-use project dubbed the Andreevskiy Office Complex. Fotiadis was hired to design a facade and the public interiors. The project was abandoned, however, after protests broke out over a plan to demolish historic landmarks. For an architect like Fotiadis,

With a spa, a swimming pool, two heliports and room for 18 guests, the Luna is more like a floating luxury villa than a yacht. A crew of 50 keep all nine decks in pristine shape. The lifeboats cost $4 million apiece. Gleaming engines propel the vessel at a maximum speed of 22 knots. But