The Democratic National Committee has dropped grassroots fundraising qualifications for the party's Feb. 19 debate before the Nevada caucuses, opening the possibility that billionaire Michael Bloomberg could make his first appearance on stage.

By Bill Barrow, Steve Peoples, Associated Press

Michael Bloomberg and Tom Steyer's presidential campaigns will test the country’s appetite for rich, self-funded candidates in a year where some of the most popular platforms for the leading Democratic 2020 contenders include vowing to tax the ultra wealthy to…

By Daniel Bush

Communist China's planned economy once prevented its citizens from becoming wealthy. But China now produces billionaires faster than any country in the world, even as President Xi Jinping has cracked down on ostentatious displays of wealth. Special correspondent Katrina Yu…

By Katrina Yu

Why are billionaire entrepreneurs spending their money purchasing newspapers and magazines that appear to be losing money? A mix of philanthropy, ego and ambition.

By Gretchen Frazee