For sellers, auctions give them a chance to sell the property in a fixed time frame. And Concierge’s data-base of over 500,000 potential buyers and sellers and real-estate contacts worldwide gives sellers a bigger buying pool. Bidding on Playa Vista Isle started Monday on ConciergeAuctions.Com and concludes Thursday night. Technically there is no reserve, meaning

As with any kind of negotiation, the first step is to do your research and figure out where you sit in the market. “Speak to recruiters and colleagues and peers to see what the market rate is for someone in your role with your experience,” said Cooke. Online sites like PayScale and Salary.com can be

T-Mobile CEO John Legere is selling his luxury New York City penthouse, located in the exclusive Central Park West neighborhood, for nearly $18 million. The penthouse, part of the 16-story 91 Central Park West building, was recently listed by Compass Real Estate Legere appears to have struggled to find a buyer for the palatial apartment,

The number of women-owned businesses is on the rise. Four in 10 businesses in the U.S. are now majority-owned, operated and controlled by women, according to the latest State of Women-owned Businesses report from American Express. That’s a total of 12.3 million companies — or 58 percent more than the number that existed just over

Bandar Algaloud | Anadolu Agency | Getty Images Crown Prince and Defense Minister of Saudi Arabia Mohammad bin Salman (R) meets with Microsoft founder Bill Gates (L) in Riyadh, Saudi Arabia on November 14, 2017.  A youth charity founded by Saudi Arabia’s crown prince just lost an influential backer, the Bill & Melinda Gates Foundation,

Bidding opened Monday for Equanimity, the $250 million superyacht at the center of Malaysia’s 1MDB scandal. The yacht was among assets linked to funds allegedly stolen from 1Malaysia Development Berhad, a state-run investment fund set up by former Prime Minister Najib Razak. The auction for Equanimity, set to run until November 28, is being brokered

That surge comes largely from two places: Asia, specifically China, and the U.S. The U.S. added 53 billionaires in 2017 — a 4 percent increase — bringing its total to 585 and representing $125 billion in total wealth. China’s billionaire population grew at a faster clip — two new billionaires per week. The country added

Goop, the lifestyle brand owned by actress Gwyneth Paltrow, has been reported to the U.K.’s trading standards and advertising watchdogs over allegations that it makes misleading claims about its products. The Good Thinking Society, a non-profit charity that campaigns against pseudoscience, confirmed to CNBC Monday that it had submitted the complaint about Goop to the

At its peak in the 1940s, the tax was 77 percent on portions of more than $10 million, then 70 percent for amounts over $5 million from 1976 to 1982. More recently, the overall trend has been toward reducing the estate tax — it’s 40 percent today, down from 55 percent in 2000. At the

Amid increasingly intense hurricanes and other weather events, real estate owners are trying to get ahead of the curve by constructing new homes that can handle extremes. Some of the latest examples in high-end real estate include disaster-prepared and energy efficient properties — but ones that don’t mean retreating underground or building a bunker into

Visual China Group | Getty Images Alibaba Group Chairman Jack Ma attends 2018 Alibaba Xin Philanthropy Conference on September 5, 2018. The total wealth of global billionaires grew to $8.9 trillion in 2017, an increase of more than 19 percent from the previous year, according to a study released Friday by UBS and PwC. China’s

Salwan Georges | The Washington Post | Getty Images Tesla’s Model 3 at the Tesla store in Washington, D.C. Tesla’s Model 3 sedans will be available in Britain and Australia by around mid-2019, Chief Executive Elon Musk said on Thursday. Musk made the announcement on Twitter, in response to queries from other users about when

And while investing and saving might not seem as exciting as spending, there would be no shortage of money available for that, as well. Experts say it’s OK to splurge on yourself upfront, whether it’s for a new car, new house, overseas vacation or something else you’ve been coveting. The important thing is to set

The impact of the ongoing trade spat between Washington and Beijing is going to have a “minimal” impact for now on China’s luxury shoppers, according to a partner at consulting firm OC&C Strategy Consultants. Most of the impact will be indirect, with the trade tariffs likely affecting the overall Chinese economy and the capacity for

Nevertheless, if you happen to have gambling losses, you could count them against your windfall. You also would get deductions available to all itemizing tax filers, such as up to $10,000 in state and local income taxes and interest paid on up home loans up to $750,000. You also could make a charitable cash donation

Nestled in a peaceful pocket of Scarsdale, New York sits an original, Dutch Colonial Home listed on the market for a relatively tame price of $1.395 million, reflecting a softening market in one of the Empire State’s wealthiest suburbs. While the house includes charming features — such as a picturesque, freshwater spring pond — what

For investors, the opportunity zones come with several tax advantages. Capital gains placed in a certified opportunity zone fund will not be taxed through the end of 2026 or when the investment is sold, whichever comes first. Any gains from the fund are permanently shielded from taxes if the investment has been held for 10

Another prominent feature in this year’s wealth report is the rise of China to second place in terms of world wealth rankings. “The main outcome of the new wealth valuations is confirmation of what many observers already suspected – that China is now clearly established in second place in the world wealth hierarchy,” the report

One of the world’s top art collectors said the art market is unlikely to cool or crash anytime soon, due in part to soaring demand from new museums in China. Bubbles and busts are nearly impossible to predict in any market, said J. Tomilson Hill, the vice chairman of Blackstone, who is about to open

The top prize for the U.S. lottery Mega Millions has reached $868 million, the second-largest grand prize in U.S. history. Lottery officials upped the jackpot, which had been at $667 million, after nobody claimed the win in Tuesday’s draw. The next draw takes place on Friday. The jackpot has been rolling since it was last

As the wise, old sage Yogi Berra once said, “When you come to the fork in the road, take it!” That simple advice doesn’t apply for today’s investor, because the market offers several fork-in-the-road options for risk-minded individuals. As the economy strengthens and the U.S. equity market hovers at near-record levels, investors are faced with

A 73-year-old bottle of French Burgundy became the most expensive bottle of wine ever sold at auction, fetching $558,000. The bottle of 1945 Romanee-Conti sold at Sotheby’s for more than 17 times its original estimate of $32,000. Another bottle of the same wine and vintage went for $496,000 moments later at Saturday’s auction. The bottles

Jason Edwards has been a full-time professor at a state university for more than a decade. He recently wrote a book on Bill Clinton’s foreign policy rhetoric, and he runs a personal finance blog. Still, he can’t figure out public service loan forgiveness. In 2006, Edwards graduated from Georgia State University with a doctorate in

Eurnekian, 85, has a net worth of $2.7 billion, according to Forbes, a fortune built on a range of ventures. He owned a textile factory in Palermo, Argentina, before going on to run a television company, and later entering the airport business. His company Corporacion America Airports SA, which operates the majority of airlines in

Bertrand Guay | Getty Images Models on the runway at Louis Vuitton’s menswear fashion show at Paris Fashion week, June 2018 Chanel, a new entrant to the list at number 23, has a brand value of $20 billion, after it reported full-year earnings for the first time. It made $9.62 billion in revenue for 2017,

Most investors holding a financial portfolio will likely have at least some familiarity with the concept of asset allocation, or mitigating risk through diversification of funds among stocks, bonds, cash and other investment vehicles. The idea is to strike the right balance between more potentially volatile assets such as stocks and more stable ones, like

Try as he might, the billionaire president isn’t profiting off his time in the White House, according to a new report. President Donald Trump‘s net worth has declined by more than $1 billion since the year he launched his presidential campaign at the foot of Trump Tower’s escalator, Forbes reported Tuesday. The president’s net worth

The 2017 Tax Cuts and Jobs Act made sweeping changes that reduce income and transfer tax for many individuals, while nearly doubling the income-tax standard deduction. Other changes curtail or eliminate many popular itemized deductions. The charitable deduction, however, does remain in effect as an itemized deduction and even provides a higher deduction threshold for

Of course, there is no shortage of legitimate ways to invest in gold, which is gaining some new attention lately due to global instability, as well as the potential inflationary effects of a growing economy and an escalating trade war. Gold prices may be lower these days in the face of a soaring stock market,

To be sure, student loan repayment is an issue across the board. Fewer than half of all borrowers have paid even $1 toward the principal of their balance five years into repayment, according to the Education Department. But for black borrowers, the situation is even grimmer. White borrowers pay down their education debt at a