Contrary to what might be a popular perception, men and not women make up the bulk of consumers buying luxury goods in China. Over the past 12 months, Chinese men on average spent 61 percent more than women on fragrances and 52 per cent more on watches, according to McKinsey.
The recent fluctuations in gold prices have not deterred Asia's rich investors, who continue to bet on the yellow metal.
While price growth and transactions have slowed in Singapore's luxury property market, selective buyers, many of them from China and Indonesia, continue to snap up niche upmarket properties in tony areas like Sentosa Cove.
Asian financial markets have shown in recent months that they remain extremely vulnerable to economic shocks, but some investors have been riding this volatility, using the selloff to shop for cheap stocks and bonds and investing in esoteric products to profit from the turmoil.
Hong Kong’s aging property moguls may be reluctant to pass the baton, but there is a breed of young inheritors knocking on the door. Who are they?
Family offices, a personalized wealth management service, is fast gaining currency with India’s rich who are often reluctant to take professional advice.
Singapore’s role as the wealth management center of Asia has been strengthened by the growing number of millionaires in the region, but it’s also being challenged by a shrinking pool of workers needed by the sector.