global wealth

THE BROAD VIEW

As war unsettles the Gulf, wealthy families reassess where to place capital and relocate

The UAE has long drawn mobile wealth and global talent, but investors may now be considering Singapore and Hong Kong

Singapore minted 35 new billionaires between 2021 and 2026, Knight Frank's Wealth Report showed on Thursday (Apr 23).

Singapore billionaire population more than doubles as Apac wealth surges: Knight Frank

The number of ultra-high-net-worth individuals has grown by 54.5% in 2021 to 7,171 this year

Group head of DBS Private Bank Joseph Poon (4th from right) at the Euromoney award ceremony.

Innovating and disrupting itself is what helped DBS win award for world’s best private bank

DBS is the first Asia-headquartered bank to land this recognition from Euromoney

Dubai alone is home to family offices that control more than US$1.2 trillion.

Asia’s ultra-rich having second thoughts on Dubai as war rages

The city’s stunning growth has lured the global rich, along with a clutch of banks and Wall Street money managers

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