wealth news and archive

Alibaba's Jack Ma is China's 3rd richest man

Shanghai - The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's 43 billion USD fortune catapulting him to the top, a survey released Thursday said. An all-time high 2,130 people made the annual ranking of China's richest individuals compiled by Shanghai-based luxury magazine publisher Hurun Report,...

Fashion

High net worth individuals spending patterns

London is home to the world's most ultra-high net worth individuals (UHNWI), and by ultra-high net worth we mean assets of 30 million dollars or more. In a new report commissioned by luxury estate agents Knight Frank, the world's uber rich individuals will increase 30 percent to 215,000. In terms of spending power, these individuals control more...