• Wed
  • Sep 3, 2014
  • Updated: 8:34am


Watches to watch

Forget French burgundy, suddenly watches are the luxury auction items to watch.

Friday, 31 May, 2013, 11:44pm

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

The international aid agency Oxfam says the unpaid tax is twice the sum required for every person in the world to live above the extreme poverty threshold of US$1.25 a day.

11 Feb 2014 - 7:32am

In the Hamptons, catering to the rich (and their dogs) is good business

Judging by early demand for everything from doggie daycare to Ferrari rentals and fine art, rich Americans are going to make this a strong summer in one of their favourite playgrounds - the beach towns on the eastern end of Long Island collectively known as the Hamptons.

21 May 2013 - 1:51pm

Luxury residential opportunists count rewards

Global luxury residential markets are always interesting. It really does indicate where the wealthy are hanging out, migrating to and moving away from. The never-ending search for safe haven investments keeps pushing prices up, in spite of stock market blips and financial crisis fallout. It seems you just need nerves of steel and the courage to jump in at the bottom.

15 Apr 2013 - 5:55pm

Wealthy Chinese love French luxury goods

The recently released annual Hurun report usually contains fascinating insights into the antics of the super wealthy in China and this year is no exception.

11 Mar 2013 - 7:32pm 1 comment

China has second-most billionaires on Forbes' global rich list

Twenty-six Chinese nationals joined Forbes magazine’s recently published Global Rich List this year, bringing the country's total number of billionaires on the list to 122.

6 Mar 2013 - 6:53pm 1 comment

Cautious welcome for anti-graft wealth disclosure plan

A plan to require senior officials in Guangzhou's Nansha district to disclose details of their overseas trips and the occupations of immediate family members has been cautiously welcomed by analysts and some internet users.

22 Feb 2013 - 4:44am

The puzzle of China's growing wealth and falling happiness

Economics is well named the dismal science. Only a bunch of real misery-guts could quarrel quite so intensely about happiness. According to one cohort, happiness - or life satisfaction, or subjective well-being as economists prefer to call it - goes hand in hand with material wealth.

21 Feb 2013 - 6:07am 2 comments

Meet the Wuhan millionaire who chooses rags over riches

A Wuhan woman who owns property investments worth tens of millions of yuan chooses to spend her days as a street cleaner, in a bid to teach her children the virtues of hard work.

3 Jan 2013 - 2:33pm

World's richest got a lot richer in 2012

The richest people on the planet got even richer in 2012, adding US$241 billion to their collective net worth.

According to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals, the aggregate net worth of the world's top moguls stood at US$1.9 trillion at the market close on December 31.

3 Jan 2013 - 10:28am