• Thu
  • Dec 25, 2014
  • Updated: 10:35am


Stock surge sees number of young millionaires double

One in 47 aged 21 to 29 has liquid assets of at least HK$1m

The number of young Hong Kong dollar millionaires more than doubled last year, thanks to the buoyant stock market.

Friday, 28 March, 2008, 12:00am

There's rich, and then there's Hong Kong rich

It's no secret Hong Kong has more than its fair share of wealthy people - more than 9,000 joined the ranks of its US-dollar millionaires last year - but it is also home to some 1,330 'ultra-millionaires' with net assets of more than US$30 million, a survey shows.

18 Oct 2007 - 12:00am

Hong Kong well placed to let the poor get richer

When we think of wealth in Hong Kong, a handful of tycoons and conglomerates come to mind. It is easy among the welter of 'rich lists' and the companies with billion-dollar turnovers to forget that there are many residents with lesser fortunes who can nonetheless count themselves members of an internationally recognised club of financial plenty: that of the US dollar millionaire.

18 Oct 2007 - 12:00am

Children of status

Have you got it all - a house on The Peak, a yacht, a corporate jet, a bevy of maids to take care of your pedigree dogs, a pond full of koi and every exclusive club membership worth having? If trends in North America and Europe are any guide, you are missing the biggest status symbol of all: a clutch of children.

10 Aug 2007 - 12:00am

Millionaires becoming a yuan a dozen on sizzling mainland

The ranks of mainland US-dollar millionaires grew 7.8 per cent to 345,000 last year as more people benefited from double-digit economic growth and soaring stock markets.

29 Jun 2007 - 12:00am

City symbols


Hong Kong's millionaires (mil-yuh-nair) are 40 per cent richer than a year ago - and more than half are now women.

23 Feb 2007 - 12:00am

Who's worth a million dollars in HK? More women than men

Hong Kong's millionaires are 40 per cent richer than a year ago - and more than half are now women.

So says a Citibank survey which found 276,000 Hongkongers had at least HK$1 million in liquid assets at the end of last year. While the total is up only 2,000 on the number in 2005, the average millionaire had liquid assets of HK$5.6 million, up from HK$4 million a year earlier.

14 Feb 2007 - 12:00am

Our millionaires? They're middle age Ms Average

Women are catching up with men in the battle for millionaire status in Hong Kong, a profile of who owns what and why has revealed.

Last year 49 per cent of the city's 274,000 millionaires were women, compared with just 44 per cent for 2004.

26 Feb 2006 - 12:00am

Millionaires' row grows 18pc but slowdown forecast

The number of high net-worth individuals in Hong Kong grew 18.8 per cent to 67,500 last year from 2003.

The data came from a report by Merrill Lynch and the Capgemini Group on world wealth.

But Merrill Lynch analysts warn Hong Kong's wealth creation is likely to slow this year.

11 Jun 2005 - 12:00am

Lai See

Life of a surveyor is a lowly one, even if his guess is as good as anyone else's

Quizzed before Tuesday's blockbuster land auction, the city's surveyors foresaw a moderate cash-raising exercise for the government. In the end, the Kowloon Bay strip went for $1.82 billion rather than the $1.1 billion forecast by the most bullish member of the property valuation trade.

24 Feb 2005 - 12:00am

Be a couch potato and maybe win $1m

Who wants to be a millionaire?

No, the infamous quiz show that caused quite a stir two years ago is not making a comeback. But media guru Robert Chua Wah-peng will be running a $1 million lucky draw every Sunday from next week on his new venture, The Interactive Channel, Cable TV's channel 27, until someone grabs the prize.

11 Dec 2004 - 12:00am

Hong Kong millionaires are a vanishing breed

The ranks of Hong Kong's US dollar millionaires dwindled by 8,000 last year as they took a beating from tumbling property prices and a slumping stock market.

But if the city's wealthy residents are feeling the pinch, their mainland counterparts are cashing in on the robust growth in their economy, according to a report compiled by Merrill Lynch and Cap Gemini Ernst & Young.

13 Jun 2003 - 12:00am

'Millionaire' tops with TV viewers

ATV's smash-hit quiz show Who Wants to Be a Millionaire? emerged as the most popular TV programme in a survey released yesterday.

The programme, launched in May, was given an average appreciation index of 82 out of 100 by 2,200 people polled by telephone by the Chinese University in early July.

11 Aug 2001 - 12:00am

Millionaires' row shrinks

Pity the poor millionaires. According to a joint 'World Wealth' report by Merrill Lynch and Cap Gemini Ernst & Young, their wealth dropped in Asia last year from 21 per cent to 18.2 per cent of the world total.

16 May 2001 - 12:00am

Wealthy board Net gravy train

Asia's wealthy swelled their ranks last year, with the number of high net worth individuals in the region outstripping the global average, according to Merrill Lynch.

3 May 2000 - 12:00am