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Gold: dulling India’s economy
Are India’s weddings destroying its economy? Well, not quite. But the huge importance of gold in Indian culture – especially between October and January, when festival season turns into wedding season...
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China’s inheritance problem
The Chinese wealthy are facing a problem that the rest of the world would love to have: they do not know what to do with their self-made riches. China’s first generation entrepreneurs are worried that...
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India: even billionaires get the blues
Worried about the outlook for 2012? Spare a thought for India’s embattled billionaires (well, half a thought). With economists and even the prime minister predicting a grim year ahead, the super rich...
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China’s Riviera?
The purchase by China’s state-owned Shandong Heavy Industry Group of Italian luxury yacht builder Ferretti Yachts conjures up images of Chinese glitterati sunbathing on gleaming white vessels and the...
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Next on Taj itinerary: Kunming
It’s Asian hospitality at its best. Taj Resorts and Palaces, owner of Mumbai’s iconic 107-year old Taj Mahal Palace, is set to develop two hotels in the south-western Chinese province of Yunnan, a...
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India’s gold: the taxman’s take
Indian weddings – opulent multi-day affairs where a 200-person guest list is considered “quaint” – just got a tad more expensive, while at the same time, India’s current account deficit may become a...
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What China’s super rich want…
The growing presence of Chinese travellers on the luxury shopping circuit of the US and Europe is well known, but catering to ordinary Chinese and the country’s growing band of super rich are two...
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Arab spring in London property
The Arab spring has turned into a ka-ching [£££] for London’s new-build residential property market, according to real estate consultants Jones Lang LaSalle. The value of Middle East investment in...
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Russia’s wealthy turn to drink
Russia’s market for luxury goods has bounced back from a lull during the global crisis and its big spenders are once again out in force. But rather than filling their baskets with pricey jewellery and...
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Dubai: city of the centa-millionaires
Being a millionaire isn’t what it used to be. In their new 2012 Wealth Report, the property consultancy Knight Frank and Citi Private Bank take a look at the rise of the centa-millionaires of the world...
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Indonesia: on the up, unevenly
The wealth controlled by the super-rich in Indonesia grew nearly 50 per cent in the last year, as the commodity boom has lifted their collective net worth to $125bn. Sounds pretty rich, doesn’t it?...
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India’s shrinking rich list
Another sign of India’s economic malaise: according to the latest wealth report from Capgemini and RBC, India was the only one of the Bric countries to have fewer dollar millionaires in 2011 than in...
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Asia’s millionaires: on the up
Here’s another reminder that this is the Asian century. There are now more millionaires there than in North America, according to the latest World Wealth Report. Given the size of China’s population...
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China’s rich list: bad for business
China’s billionaires and millionaires have long suspected that inclusion in China’s Hurun Rich List is bad for business. They worry that a high-profile ranking can often be followed by a high-profile...
View Article[video] Targeting Asia’s wealthy
Asia’s rich now outnumber those in both the US and Europe. For high-end banks and other companies, Asia’s growing number of entrepreneurs are a significant source of new business. The FT’s Tom Griggs...
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China: keen on the French vineyards
Another day, another rich Chinese buys a French vineyard? Much as they did with Chinese art, Chinese investors are convinced they are onto a good thing with French red wine: they have bought some 30 to...
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Less Moutai, more Lafite: Hurun shows changing tastes in Chinese graft
These are hard times for Chinese government officials, it seems: corruption just isn’t what it used to be. At least that’s the headline finding of Tuesday’s Hurun Chinese Luxury Consumer Survey 2013,...
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Indian weddings: Costa lot
Multinationals are never slow to spot a branding opportunity. Everywhere from the local supermarket to the Olympic Games has become familiar territory. But India has managed to come up with a new...
View Article[video] Impact investment in Asia
Impact investing is a way of doing good while not giving your money away for good. The FT’s Paul J Davies talks to fundraisers and entrepreneurs about bringing socially conscious investing to the...
View ArticlePrivate wealth in Gulf states rises 7% in year
Private wealth in the Gulf states has grown 7 per cent over the past year amid strong oil revenues and rebounding equity markets, but the region continues to harbour some of the world’s starkest wealth...
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