High Net Worth Individual | South China Morning Post
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  • Mar 4, 2015
  • Updated: 1:29am

High Net Worth Individual

Global wealth jumps to all-time high, powered by North America

China has more than a million individuals each with at least US$1 million in assets. Photo: SCMP Pictures

Global wealth has reached an all-time high this year, led by rapid growth in North America, where investors benefited from rising property prices and a bull market in equities that drove the Dow Jones Industrial Average to record peaks, Credit Suisse says.

Wednesday, 9 October, 2013, 12:04pm

Defeated by a Barclays press release

Barclays' lastest report is on Wealth Insights: Origins and Legacy: The Changing Order of Wealth Creation. Photo: AFP

Every time an excited press release arrives about a new report from a public relations or corporate communications executive representing a private bank, my hopes rise. Please, please may this one contain some nugget of inspiration I can tease into something interesting.

19 Jun 2013 - 7:07pm

1.2 million families hold half mainland's liquid assets

The mainland's richest 1.2 million families hold nearly half of the total investable assets in the country - an estimated 62 trillion yuan (HK$76 trillion) - a joint study by China Construction Bank and Boston Consulting Group has found.

23 Dec 2011 - 12:00am

Precious facts about the rich

'Let me tell you about the rich. They are different from you and me.' This famous quote, taken from F. Scott Fitzgerald's short story The Rich Boy, is just as famous as the putdown credited to the literary critic Mary Colum who said: 'The only difference between the rich and other people is that the rich have more money.'

12 Sep 2011 - 12:00am

More millionaires in Asia-Pacific than Europe

The number of wealthy individuals in the Asia-Pacific region has overtaken Europe for the first time - with Hong Kong leading the growth in the number of millionaires.

24 Jun 2011 - 12:00am

Mainland's wealthy prefer private banks

The rich are getting richer on the mainland and are increasingly turning to financial experts to make sure the trend continues.

More wealthy mainlanders are using private banks and a range of investment tools to create further wealth and improve their lifestyles, according to a study by Bain & Company and China Merchants Bank.

21 Apr 2011 - 12:00am

Sal Oppenheim sets sights on Asia's wealthy

The concept of multifamily offices, organisations that have for decades managed and preserved the wealth of American and European families, is finally taking off in Asia.

This comes largely thanks to the region's fast-developing economies, with the mainland and India in the vanguard, showing no sign of slowing down - churning out a growing number of newly rich.

20 Apr 2008 - 12:00am

Wealth takes great leap forward

Despite the wealth being created in the mainland, private bankers are struggling to make their customers understand what they can offer.

11 Jan 2008 - 12:00am

Fortunes rise despite poor year

Cash and fixed income become king as the world's millionaires shy away from troubled equities markets in an effort to preserve their wealth, says report

15 Jun 2003 - 12:00am