A large portion of affluent Generation Y attains their wealth from their parents—but they may not be on track for it in the future, according to Digitas‘ study “Affluence in America: The Next Generation.” Affluent and Aspiring Children spend between two and four times their own income, due to access to their parents’ wealth.Many of … Read more
How will the world’s leading property investors manage their portfolios in the coming year? Colliers’ 2013 Sentiment survey reports a positive global investor sentiment The most desirable region for heightened global investment in real estate in the coming year will be the United States, followed by Asia and Western Europe, in particular London, Paris and … Read more
Ultra high net worth (UHNW) luxury watch manufacturers and retailers With a net worth of US$26 billion, Bernard Arnault, chairman and CEO of LVMH, is the world’s richest watch titan, according to Wealth-X top 10 UHNW global watch titans list. Francois Pinault, founder of PPR, ranked second with a net worth of US$9.9 billion. In third … Read more
A mini-exhibit with jewelry recovered from the wreckage of the Titanic opened its doors in north Atlanta to offer a glimpse on the Edwardian Period’s jewelry: diamond and sapphire rings, brooches, necklaces, cuff links and a pocket watch. The treasure comes from a single purser’s bag found during a 1987 research and recovery mission. … Read more
LVMH releases coffee table book on its wines and bubbly LVMH retraces the history, traditions and savoir-faire of its luxury wine houses through a coffee table released this week in the UK. Published by Flammarion, French Wine Châteaux: Distinctive Vintages and Their Estates explores old winery estates like Dom Pérignon, Hennessy, Mercier, Chateau d’Yquem, Chateau … Read more
Top 10 Wealth Density Countries Monaco Tops First Ultra High Net Worth Wealth Density List While 60% of the top 10 Wealth Density Countries are in Europe, a surprising 30% are located in Asia. Traditional wealth centres dominated as Monaco took top spot with 55 UHNWIs to be found per 10,000 citizens. The dominance continued … Read more