- In a recent report by Henley and Partners, a firm that tracks global wealth, Asian cities accounted for six of the top 20 cities in the world with the most millionaires.
- Tokyo took the No. 2 spot with 304,900 millionaires and 12 billionaires.
- Singapore placed fifth with 249,800 millionaires and 26 billionaires.
- In ninth and 10th place were Beijing and Shanghai, respectively.
- Hong Kong reached 12th place, while the final Asian city on the list was Seoul at No. 16.
- When analyzing the world’s 10 wealthiest countries by private wealth in 2022, China, Japan, and India took up the three top spots after the United States.
Asian cities accounted for six of the top 20 cities with the most millionaires in a recent report.
The report was released by Henley and Partners, a firm that tracks global wealth, last week. Through an analysis of over 150,000 high-net-worth individuals and high-priced homes in cities, the firm was able to assess city wealth. High-net-worth individuals are defined as “individuals with net assets of USD 1 million or more.” The list only considered millionaires who are residents of their respective countries.
The durian, dubbed as Southeast Asia’s “king of fruits,” is raking in some serious cash for one Malaysian fruit farmer.
Chin Ken Soon reportedly earns $1.91 million a month just by selling a variety of fruits, such as durian, starfruit, mangosteen, watermelon, and papaya to different parts of the world.
A Thai durian tycoon has gone viral for putting out a public offer to find a husband for his 26-year-old daughter.
Thousands of eligible bachelors are now vying for not only the daughter’s hand in marriage, but also a prize of 10 million baht ($315,000) and the opportunity to take over the farmer’s durian empire.
Li Lijuan, a millionaire and cancer-stricken woman who adopted 118 orphans, was recently detained and put under criminal detention over alleged blackmailing and disturbing social order.
The 48-year-old, who operated iron ore mines and became the richest woman in Wuan, China’s Hubei Province, was arrested on Saturday in Beijing where she was getting her cancer treatment, according to South China Morning Post.
Li Lijuan, a 43-year-old former millionaire with a heart of gold who spent 20 years adopting abandoned children, is now fighting for her own life after being diagnosed with cancer six years ago.
Li, a self-made businesswoman from Shangquan Village near Wu’an in Hebei Province, made plenty of deals when she first started out back in the 90s. According to her story, as translated by Shanghaiist, she sold a wide range of products from clothing to pirated DVDs. She got married at 17, and by 20, Li became famous in her area for her wealth and being a successful businesswoman.
A Chinese millionaire recently bought four rare Formula One (F1) cars in the United Kingdom using Litecoin, the fourth most popular cryptocurrency, with the total amount believed to be around 4 million British pounds (more than $5.3 million).
According to Bitcoin News, the cars, which are all fully raceable and track-worthy, were bought from the U.K.’s Heritage F1 dealership.
A 7-year-old Asian American boy has been raking in millions by reviewing toy cars, action figures, Play-Doh, and other toys on YouTube.
Ryan, the fun-loving son of Vietnamese mom Loann and Japanese dad Sean, is the adorable “host” of “Ryan ToysReview” a popular toy-review channel on YouTube.
The last remaining “nail house” in Shenzhen was finally demolished this month, but not before its owner nabbed a hefty compensation sum from the government.
Property owner Yang held onto the decrepit building in Shenzhen’s Longhua District for as long as seven years before finally deciding to let the Chinese government destroy it.
A significant number of wealthy Chinese people are planning to purchase foreign properties in the next few years, a survey found.
According to the report by the researchers from Hurun Research Institute and Visas Consulting Group, around 60% of China’s richest individuals have set their sights on properties outside the country, with the United States as the top choice.
One 23-year-old is rolling in cash after making $2.5 million in her first year selling “waist trainer” corsets as an online business.
When Iyia Liu, a student at the University of Auckland, saw the opportunity to revive her ambitions and the struggling online boutique business with a hot fashion craze, she didn’t pass it up. Last year, Liu put out around $4,300, or about AUD $6,000, and found a Chinese supplier for waist cinching corsets on Alibaba.
Forbes’ new list of the 100 Richest Tech Billionaires for 2016 has been revealed and 33 individuals are from Asia.
While little over half on the list are from the United States, the second highest number of tech billionaires are from China. 19 individuals on the list account for $132.7 billion of the world’s wealth.