global wealth

Home equity – property value less outstanding mortgages – forms over half of average household wealth across all wealth quintiles.

Top 20% of Singapore households hold average wealth of S$5.3 million: MOF

The first set of official wealth data shows that property and CPF savings form the bulk of assets across all wealth groups

Hong Kong has seen huge inflows of cross-border wealth, propelled by Chinese mainland fortunes, a hot IPO market and a burgeoning digital asset scene.

In Depth: How Hong Kong became a global wealth magnet

Hong Kong has recorded strong growth in its wealth management business.

Tesla and SpaceX chief Elon Musk became the first individual to exceed US$500 billion in net worth.

Billionaires’ wealth hits new peak as their clout grows: Oxfam

The number of billionaires surpassed 3,000 for the first time last year

Luxury brands operate in an environment where tastes can change quickly and competition could intensify.
SENSE & CENTS

Riding on the appetites of the wealthy by investing in luxury carries risks

Tastes change, operating environments are tricky, competition may intensify and rich folk may be political targets

Dubai is attracting a flurry of wealthy movers, many of whom are drawn to the city’s tax advantages.

Dubai tops New York as best city for global rich: Savills ranking

Global wealth has been recovering from a slump in 2022, with Asia-Pacific growing the fastest of all regions

The decline in wealth of India's richest is driven by a weakened rupee and a 3% fall in the benchmark Sensex index from the time their fortunes were last measured, says Forbes.

Wealth of India’s richest falls to US$1 trillion amid weaker rupee; here are the top 10: Forbes 

Close to two-thirds of the list’s entrants are less well-off this year, including the country’s richest man Mukesh Ambani

Female-led businesses are often more likely to prioritise their social impact.

Women wielding US$365 billion lead boom in ‘sideways’ succession

More than a dozen women in the world’s 500 richest people have become billionaires after the death of a spouse, the highest number ever

Meta Platforms co-founder Eduardo Saverin is the biggest gainer in US dollar terms, Forbes reports.

Singapore’s 50 richest – combined fortunes soar 23% to US$239 billion: Forbes

Meta Platforms co-founder Eduardo Saverin retains top spot for a third straight year; CDL chair Kwek Leng Beng is Singapore’s second-richest, replacing Ng Teng Fong’s sons

In a moment when wars, inflation and central bank blunders are seeming more like fixtures, demand for gold has exploded.

Ultra wealthy are piling into a centuries-old gold trade in Asia

Uncertainty over the status of gold in US President Donald Trump’s sweeping tariff agenda has plunged the market into fresh turmoil in recent days