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Do you ever lie awake at night, unsettled by fears that the Western world is collapsing, all while Asia's elites grow increasingly rich and hold decadent parties that you'll never be invited to?
Here is a list of the top 10 countries with the most billionaires for the period between August 2011 and July 31, 2012 compiled by Wealth-X. Click to find out where the mega-rich live.
Almost half of China’s ultra-rich saw their wealth shrink in the past year as the Chinese stock markets slumped, according to an annual survey of the country’s 1000 richest individuals, with those in the solar and textile sectors the hardest hit.
Many multinational companies simply create a new product or two specifically for the Chinese market. But the Estée Lauder Companies, which already sells 12 of its 28 cosmetics brands in China, is taking that concept further: adding an entirely new brand. The NYT reports.
The worst may be over for foreclosures in the high-end real-estate market, brokers say
A poll of charitable billionaires found that a majority say taxes impact their giving.
A new study from the non-partisan Congressional Research Service found that tax cuts for the wealthy do not generate stronger economic growth. But they may increase inequality.
Chinese billionaires lost almost a third of their combined wealth in the past year as Asia’s mega rich experienced the biggest drop in their total net worth compared to anywhere else in the world, a new study shows.
The Fed's latest round of quantitative easing will probably benefit the top 5 percent of Americans the most.
While a new study shows that the average One Percenter is worth 288 times the median American, another set of stats shows that the rich aren't necessarily getting richer.
With one eye on his BlackBerry and the other on his wristwatch Kevin Faulkner, a senior executive in Deutsche Bank’s IT team, enjoys a quiet lunchtime pint at The Bank, a popular bar on Singapore’s Raffles Quay. The FT reports.
A man called one of my partners and said he wanted to open a $50 million account. "More to follow if you do a good job."
A new study shows that 62 percent of the people worth $25 million or more plan to buy stocks in the next 12 months.
A new study of people worth $25 million or more shows that they spend more on vacations and home renovations than jewelry or clothing.
In the next couple of weeks, bondholders will vote on the fate of Covalent Materials, the Japanese technology group formerly known as Toshiba Ceramics, which was the object of a leveraged buyout in 2006. Since then, the company’s earnings have halved as competition from lower cost producers has ratcheted up and the company’s technological edge has become duller. Debt that was sustainable in more profitable times has become too burdensome today, even with Japan’s long-term zero interest rate policy. The FT reports.
A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.
Gine Rinehart, the mining magnate who some estimate is the world's richest woman, says those who criticize the rich should work more and drink and smoke less.
Germany and France have agreed to work together in drafting initiatives to combat the eurozone crisis, a move set to allay fears that the governments of chancellor Angela Merkel and president François Hollande were set on a collision course over remedies. The FT reports.
Electric cars will compete in a new global formula racing series after a deal between motorsport’s governing body and a group of investors who plan to stage international races around city-center landmarks. The FT reports.
A Singapore property developer is targeting the super rich with parking problems by marketing luxury apartments that allow owners to keep their cars next to their living rooms, even if they are on the top floor of the 30-storey block. The FT reports.
Advisors can use social media to boost business but deploying it successfully means always repurposing unique content.
Craig Cowles of Cardinal Wealth Advisers tells CNBC which key considerations he relies on to gauge his clients' risk tolerance.
Observers say robo-advisors—yet to attract many assets—have failed to show they're a better alternative to human advice.