global wealth

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

Singapore tops the 10 most expensive cities globally in the Julius Baer Global Wealth and Lifestyle Report 2025. The other two cities in Asia-Pacific are Hong Kong in third place, and Shanghai in sixth.

Singapore is most expensive city for HNWIs to live well for third year in a row: report

City still appeals to high-net-worth individuals and businesses due to its stable political climate, safety, and quality services including education and healthcare

Iqbal Khan, Co-President UBS Global Wealth Management and President UBS Asia Pacific (left) in dialogue with President Bill Clinton, 42nd President of the United States and Founder, Clinton Foundation at the inaugural UBS Asian Investment Conference Singapore Wealth Edition.
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All eyes on Asia: How investors are future-proofing their portfolios

At the inaugural UBS Asian Investment Conference in Singapore, business leaders and policymakers explored what is driving the region’s rise as a destination for global wealth

The US alone added 562,000 millionaires as enthusiasm for artificial intelligence and interest rate cuts drove huge advances in the US stock market.

Frothy tech returns helped mint 600,000 millionaires last year

The annual World Wealth Report from Capgemini shows the number of people with at least US$1 million in investable assets grew 2.6% in 2024, driven in large part by gains in American portfolios 

The Hello Kitty brand has regained sheen under its current president Tomokuni Tsuji, the grandson of founder Shintaro Tsuji. The elder Tsuji is back in the rich list in 32nd place with a US$1.7 billion fortune.

Japan’s richest ride yen gains; Uniqlo boss Tadashi Yanai leads 2025 pack with record US$48 billion fortune

SoftBank’s Masayoshi Son, Suntory chairman Nobutada Saji, Hello Kitty’s Shintaro Tsuji also in 50 wealthiest list