The folks at Wealth-X have released a census of billionaires that reveals some interesting things. First is the fact that there are 2170 billionaires in the world who control $6.5T of wealth. That value has doubled since the crash.
Luxury Business News
The luxury goods industry is becoming the empire on which the sun never sets. With domestic demand subject to fickle economic forces in mature markets, designers are increasingly attentive to newer regions, not only the BRIC nations—Brazil, Russia, India, and China—but broad swathes of the Far East and Australia, countries whose ranks of aspirational middle classes are swelling and whose use of wireless technology is growing.
Let's face it. Exactly $1,000,000 does sound like a lot of money and for most people it is. But the sad economic truth is that $1 Million today isn't what $1 Million was in the past. While the world keeps churning out new multi millionaires and billionaires, having a net worth of $1,000,000 doesn't exactly make you affluent.
As fur coats and Swiss watches fall out of vogue among China’s elites facing a corruption crackdown, another luxury sector is quietly thriving. The second-hand luxury market has seen a jump this year, according to a survey of stores by Fortune Character Institute, FCI, a Chinese luxury lifestyle publication.
November 7, 2013/ -- In line with the brand’s global 2018 development strategy, Porsche Middle East and Africa FZE (http://www.porsche.com/middle-east), a wholly owned subsidiary of Dr. Ing. h.c. F. Porsche AG, Stuttgart, is planning to expand its presence across the region, with a particular focus on sub-Saharan Africa.