Singapore: Singapore overtook Hong Kong as home to Asia's wealthy last year as declining stock markets hit the former British territory a lot harder than its Southeast Asian rival, according to Capgemini and RBC Wealth Management.
Hong Kong, whose stock market capitalisation slumped 16.7 per cent last year, saw a sharper drop in the ranks of people with more than $1 million to invest as a larger proportion of that wealth was locked in equity.
Southeast Asia also shows stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports.
The number of high-net-worth individuals in Hong Kong fell 17.4 per cent to 83,600 last year, compared with a decline of 7.8 per cent to 91,200 people in Singapore, RBC Wealth's head of emerging markets Barend Janssens told reporters in Singapore on Wednesday....
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07:10 AM, Jun 21, 2012
Washington: Nearly half of the 535 members of the US Congress have a net worth greater than $1 million, the nonpartisan Center for Responsive Politics says in a new study. The CPR's estimates are derived from median values for assets and liabilities listed on lawmakers' 2010 financial disclosure forms. "The vast majority of members of Congress are quite comfortable, financially, while many of their own constituents suffer from economic hardships,"...
11:14 AM, Nov 17, 2011
Hong Kong: Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world's fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wednesday. The Swiss wealth manager forecast that the wealth of high networth individuals (HNIs), those with $ 1 million or more in investable assets, would nearly triple to $ 15.8...
06:59 PM, Aug 31, 2011
Patna: Against only 36 multi-millionaires in the last Assembly elections, there are over 100 multi-millionaires in the second and third phases of the ongoing Bihar polls, a report by two NGOs has said. It adds that 219 candidates have criminal records. The Association of Democratic Reforms and the National Election Watch said Thursday that 104 candidates contesting for the second and third phases on Oct 24 and Oct 28 were...
01:04 PM, Oct 22, 2010
New York: Like gold, top wines are highly prized, represent wealth and are selling near their historical highs. Prices of the five premier cru Bordeaux -- Chateaux Lafite Rothschild, Haut-Brion, Margaux, Latour and Mouton-Rothschild, and the grand crus of Burgundy, particularly Romanee-Conti, are at or above 2007 levels. "During times of economic stress and worry, buyers look to safe investments and gold is seen as a defensive strategy. It's...
02:29 PM, Aug 18, 2010
Brandi Futch is 2009's first million dollar winner in McDonald's Monopoly. ...
04:03 PM, Nov 11, 2009
Money raised for steak lunch with legendary investor will go to charity. ...
08:23 PM, Jun 27, 2009
Eat, drink and be merry, say India's millionaires ...
01:30 PM, Jun 22, 2009
Greek millionaire Andreas Liveras was shot dead, French scientist escaped. ...
11:04 AM, Nov 28, 2008
Mumbai: India A skipper Suresh Raina on Wednesday defended the composition of his team which has no front-line spinner, saying he and Yuvraj Singh bowled well against England in the warm-up game. We bowled really well, (Ashok) Dinda, myself and Yuvraj (Singh). Me and Yuvraj bowled 40 overs and got two and one wickets. Manoj Tiwary also bowled well, said Raina. England rode on captain Alastair Cook's unbeaten 112 and...
08:45 PM, Jul 13, 2008
Indian skipper MS Dhoni feels that anyone can win upcoming World T20 and India needs to play smart and innovative cricket in Sri Lanka. ...
05:07 PM, Jun 25, 2008
Karachi: Pakistan's interim coach, Mohsin Khan has attributed the team's recent run of success to the the mantra, according to which the focus is more on short-term rather than long-term goals. I have told the players to concentrate on every match as it comes instead of thinking about the future. The team is now only focussed on the current match and that is paying dividends, Mohsin told PTI from Abu...
09:02 AM, Mar 23, 2008
CNN-IBN panel of experts predict the mother of all battles in the World Cup, India vs Pakistan. ...
09:55 AM, Jan 10, 2008
New Delhi: Never mind the 2011 cricket World Cup, the grand lead up to the Indian Premier League extravaganza starts right here, right now when the men are separated from the boys in the January 8-9 player's auction. With a barrage of big names involved in the glitzy event and no shortage of flair or talent, the franchisees may well be in a quandary because of the sheer abundance on...
11:18 AM, Nov 27, 2007
There was a 20 per cent increase last year in people worth over $1 million. ...
07:48 AM, Jun 30, 2007
Millionaires are on the rise. But what you didn't know is that the moolah is coming from real estate. ...
10:24 PM, Jun 29, 2007
![In Pics: Hollywood’s millionaires]( "In Pics: Hollywood’s millionaires")
Celebs are only as good as their financial worth. So here's a list of top Hollywood gold pots and their owners. ...
01:30 AM, Dec 29, 2006
A matchmaking party aimed at pairing up millionaire men with beautiful women is being held in Shanghai. ...
08:12 AM, Nov 14, 2006
Over the last seven years, a typical female millionaire's fortune in UK has increased by about £7 lakh. ...
05:17 PM, Oct 25, 2006
A growing economy and a booming equity market is a ripe combination to create new
desi millionaires. ...
08:33 PM, Oct 09, 2006
