Lucy Nicholson | Reuters Elon Musk waves after speaking at a Boring Company community meeting in Bel Air, Los Angeles, California, May 17, 2018. “This system is designed to be more like a highway and a bunch of off-ramps and loops connecting to the highway, kind of like cars,” Musk said. “Almost like an autonomous

Asia is now home to more billionaires than North America, according to the latest study from ultra high net worth research firm Wealth-X. The region’s billionaire population shot up by almost a third last year (29.2 percent) to 784 individuals, Wealth-X’s Billionaire Census 2018 found. North America, meanwhile, experienced more modest gains of 11.2 percent,

Sylvester Stallone was once so poor he ate nothing but raw eggs and cottage cheese, which he shared with the pigeons outside his tenement window. One time he sold his bull mastiff to a guy outside a 7-Eleven, because he couldn’t afford to feed him. Then he overcame his fears, he told a crowd of

DAVID LEE ROTH, THE former singer for the band Van Halen, once acknowledged that money can’t buy happiness. “But it can buy you a yacht big enough to pull up right alongside it,” he added. That pretty much sums up the conundrum. Is there some point at which the separate scales of income and happiness

Although more and more Americans approaching retirement are opting to age in place where they are, it’s no secret that many other retirees, in classic style, look to relocate once they’ve left their careers behind. “Some seek a lower cost of living, while others want beautiful scenery, warm weather or both,” said financial technology company

A 1917 painting by Amedeo Modigliani of a reclining nude woman that was once considered obscene in Paris sold for over $157 million at an auction in Manhattan on Monday. “Nu couche (sur le cote gauche)” was the highlight of Sotheby’s “Impressionist & Modern Art” sale featuring Pablo Picasso works spanning seven decades, and paintings

A one-of-a-kind Rolex Daytona known as “The Unicorn” sold at auction over the weekend for $5.9 million, making it the second-most expensive Rolex ever sold at auction. The purchase price at a Phillips auction in Geneva was almost twice the estimate of around $3 million. And the huge price, which was almost twice the low

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook CEO Mark Zuckerberg turns 34 today, capping one of the more difficult years of his career at Facebook, as the company deals with fallout around privacy and fake news concerns. But because he

Getty Images Employees pose with “Odalisque couchee aux magnolias,” 1923 by Henri Matisse at Christie’s in London, Feb. 20, 2018. The Rockefeller sale may have set a new record for records. The sale of the Peggy and David Rockefeller Collection at Christie’s, which wrapped up Friday night, reached a total of $832.6 million. It is

A woman makes about 80 cents for every dollar a man does nationwide, but that shortfall can vary widely depending on where you live. A new report by GOBankingRates determined pay gaps between men and women across each state by analyzing data from the Census Bureau’s 2016 American Community Survey. The study compared overall pay

“I’m probably one of the only people on Earth to put this on their wrist,” O’Leary said, after trying on the substantial white gold Cosmograph with black dial. “This watch is magic.” Phillips hopes the first time this historic watch will be unveiled to the public will cement its status as one of the most

Russian tycoon Oleg Deripaska has handed back three private jets he was leasing because U.S. sanctions imposed on him last month make it impossible to keep using the planes, the firm retained by the owners to sell the aircraft said on Thursday. The aircraft are Gulfstream executive jets, favoured by jet-setting business people for their

Despite being a Rockefeller, as a child Ariana Rockefeller had to record her allowance — how much she got, how much she spent and where, she said. “The message was, a dollar is a dollar and to value that and to put a lot of value on hard work and the enjoyment of life, of

He added, “This Rolls-Royce is probably the most anticipated car in our history but also maybe this year in the automotive industry.” The first thing to know about the Cullinan is that it is big. Really big. It stands six feet off the ground, weighs in at more than 5,800 pounds and packs Rolls-Royce’s 6.75

If you want a piece of the Rockefellers, be prepared to pay up. As a sign of just how crazy the bidding has become for items in the Peggy and David Rockefeller Collection at Christie’s, a money clip that was estimated to sell for between $800 to $1,200 just sold at the online auction. The

The Picasso, called “Young Girl with a Flower Basket,” was the star of the collection and was estimated to sell for $100 million or more. It was painted in 1905 and is from Pablo Picasso’s rare and vivid Rose Period. Collectors have coveted the painting, which hung in David Rockefeller’s Manhattan townhouse, for decades. It

The sprawling personal art collection of David Rockefeller and his wife Peggy goes under auction Tuesday and could become the most valuable single-owner collection in history. It is tipped to surpass the current record set by the Yves Saint Laurent collection that generated $443 million in 2010. Forecasts for the Rockefeller collection of more than

Yoshikazu Tsuno | AFP | Getty Images Gold bars on display in Tokyo on September 27, 2010. A janitor in South Korea who discovered seven gold bars in a garbage bin could keep them if no-one else claims ownership. The unidentified male cleaner found the discarded gold bars, that each weighed 1 kilogram and were

“The market has been so strong for so many years, many of the best examples have already come to market at the auctions,” he said. “Once all that frothiness chewed itself up in the auction market, many of them have gone to a private sale environment.” The weakness at the top obscures a surge in

That means people with cryptocurrency holdings need to document that they own it, where they purchased it and how heirs can get access to it. The problem, of course, is that the appeal to investors interested in crypto is its secrecy. No one will know if you have any bitcoin assets unless you tell them.

Conservative economists Arthur Laffer and Stephen Moore are predicting a new mass exodus of wealth from New York and California because of the new tax law. But academics who have studied taxes and migration call the forecast “pure nonsense.” In an op-ed in the Wall Street Journal headlined “So Long, California. Sayonara, New York,” Laffer

Eddie Mulholland – WPA Pool | Getty Images Entertainment | Getty Images Prince William, Duke of Cambridge and Prince Harry attend the European Premiere of ‘Star Wars: The Last Jedi’ at Royal Albert Hall on December 12, 2017 Britain’s Prince Harry has asked his elder brother Prince William to be his best man at his

If you have people in your family that habitually spend money to make themselves “feel good” and are not responsible stewards of money, then you might include other language in your legal documents that would incentivize the kids to grow and remain responsible. Use trusts to protect your assets from creditors, litigation, divorce and from

Sotheby’s on Tuesday unveiled a painting by Amedeo Modigliani that’s expected to fetch more than $150 million at next month’s auction, making it one of the most expensive ever to go under the hammer. The painting, called “Nu couche (sur le cote gauche),” or “Reclining nude,” adds to the bonanza of high-priced art expected to

A Russian oil billionaire has been ordered by the High Court to transfer a £350m (US$491 million) luxury superyacht to his ex-wife in the latest twist in one of Britain’s biggest divorce battles. The 377-foot Luna, docked in Dubai, is the second-largest expedition yacht in the world, and comes with two helipads, nine decks, a

President Donald Trump lied his way onto the Forbes list of richest Americans and used a fake persona to do so, according to a former writer for the magazine. In a piece for The Washington Post, Jonathan Greenberg recounts the difficult task of tallying up the future commander-in-chief’s wealth as he built his New York-area

G-20 countries are “weak” and have moved “too slowly” in improving transparency over financial secrecy two years after the Panama Papers revealed how wealthy individuals hide their money, an international corruption watchdog said Thursday. Transparency International warned that 10 G-20 nations have “very weak” legal frameworks that do little to help law enforcement officials and

Facebook may be under attack for not protecting user privacy. But it’s spending a fortune to protect Mark Zuckerberg. According to a security filings, Facebook spent $7.3 million last year “for costs related to personal security for Zuckerberg at his residences and during personal travel pursuant to Mr. Zuckerberg’s overall security program.” That marked a

And even though the children were given small allowances, they were always encouraged to donate a portion to charity (usually at church) and to account for every expense. The practice dates back to John. D. Rockefeller’s famed “ledger,” in which he tracked every penny that he earned and spent. “Like a lot of other boys,

But many of the available investment products marketed as being socially responsible or sustainable simply leave out financially risky companies or firms deemed to be in the business of “vices” — a method that doesn’t resonate with all investors, said Simon Smiles, chief investment officer for ultra-high net worth at UBS Wealth Management. “It may