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  • August 21, 2014
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  1. News - Hong Kong - WEALTH

    One in 38 Hongkongers is a US dollar millionaire, wealth study reveals

    Posted Jul 25th 2014, 12:49pm by James Griffiths

    ... of millionaires by population. Luxury magazine Spear's, in conjunction with wealth consultancy company WealthInsight, has released a new list of the cities with the highest percentage of US dollar ... are important criteria for attracting clusters of millionaires, but so too is ready access to wealth managers and private banks. Switzerland's two financial hubs of Zurich and Geneva ...

  2. News - Hong Kong - WEALTH

    Hong Kong is multimillionaire capital of the world, says new study

    Posted Aug 06th 2014, 10:23am by Phila Siu

    ... these wealthy and super wealthy residents hold net assets totalling a minimum of some US$350 billion. Andrew Amoils, senior analyst at New World Wealth, which conducted the study, said the wealth of millionaires in Hong Kong accounts for about 45 per cent of the total individual wealth in the city. This was above the global average of 30 per cent. The report said: "Interestingly, over ...

  3. Business - China Business - WEALTH

    China's rich are less likely to keep business in the family – unlike Hong Kong’s wealthy

    Posted Jul 21st 2014, 11:51am by Toh Han Shih

    ... not all in the family business The relatively recent creation of wealth on the mainland and the nation's one-child policy have resulted in wealthy mainlanders being less inclined to leave ... Lun, a mainland law firm that serves wealthy clients. "The new billionaires in China are generally very open-minded about their legacy. They have seen how wealth can destroy families ...

  4. Sport - Soccer - WEALTH

    Real Madrid and Barcelona world's two richest sports franchises

    Posted Jul 17th 2014, 10:41pm by AFP

    ... Agence France-Presse in New York Forbes magazine names four soccer clubs in top 10 wealthiest, but the rest are from Major League Baseball and NFL Real and Barca world's two richest franchises Spain may have been embarrassingly dethroned as World Cup ...

  5. Business - Money - WEALTH

    China hits number three for growth of US dollar millionaires

    Posted Jun 20th 2014, 12:59am by Enoch Yiu

    ... to the World Wealth Report 2014 released yesterday by Capgemini and RBC Wealth Management. The report tracks the world's wealthiest people in 71 countries. The pace of growth on the mainland was higher than the global average of 15 per cent. Michael Yong-Haron, managing director and head of North Asia of RBC Wealth Management, said the mainland and other emerging markets gained from ...

  6. Comment - Blogs - WEALTH

    Nose jobs, champagne and Lamborghinis: A hot mess of ‘ultra-rich Asians’ in Vancouver

    Posted Jun 11th 2014, 08:46am by Ian Young

    ... Ian Young in Vancouver Of all the manifestations of Vancouver’s rise as a global epicentre for wealth migration, “ Hot Bitches in Charge TV ” may be the most garish yet. The planned ... as nouveau-riche vulgarians. “These will be four or five girls, who are having fun, spending daddy’s money, that are enjoying life and funding an economy. I really don’t know what’s so bad about that…worse ...

  7. News - World - WEALTH

    London tops world's billionaire list, while Hong Kong comes in sixth place

    Posted May 12th 2014, 10:02am by AFP

    ... Mohamed Bin Issa Al Jaber and his family, known for their hotel and resort investments, in thirteenth place. This year is the first year the minimum wealth of Britain’s 50 richest people has topped 1.5 billion pounds. Only 700 million pounds was needed to join the exclusive club a decade ago. Britain’s 104 billionaires have a total wealth of 301.13 billion pounds, compared to 88 ...

  8. Business - Economy - WEALTH

    China likely to overtake US as richest country as number of dollar millionaires hits 1m

    Posted Oct 10th 2013, 12:00am by KANIS LI AND JEANNY YU

    ... will be opened for private sectors and entrepreneurs can create wealth through initial public offerings and other fund-raising activities," Fan said yesterday. "This would be an important ... Kanis Li and Jeanny Yu China at No 2 with 6.7 per cent rise in personal wealth and 4 per cent of global millionaires North America tops rich list as property, stocks boom North America ...

  9. Business - Economy - WEALTH

    Asia-Pacific the region with the most rich people

    Posted Sep 20th 2012, 12:00am by Lulu Chen

    ... of investable wealth in the Asia-Pacific fell 1.1 per cent to US$10.7 trillion, mostly because of contractions in Hong Kong and India. A slowdown in export growth and reduced fund flows to emerging ... a person's primary residence, collectibles and goods that can be consumed. The Asia-Pacific surpassed Europe in 2010. The latest findings are contained in the seventh annual Asia-Pacific Wealth ...

  10. Business - Economy - WEALTH

    Rich dodge US$156b tax on hidden assets, says Oxfam

    Posted May 23rd 2013, 12:00am by Toh Han Shih

    ... found that two-thirds of this global offshore wealth, or more than US$12 trillion, are hidden in European tax havens such as Luxembourg, while a third of offshore wealth, or more than US$6 ... mainland China and Hong Kong, receiving US$10.4 billion, according to Global Financial Integrity, which tracks fund flows. Luxembourg is the preferred European location for Chinese investments ...




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