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Number of Rich Chinese Rises Nearly Nine-fold

Number of Rich Chinese Rises Nearly Nine-fold

Beijing- The number of rich people in China has risen nearly nine times in a decade, a private survey released on Tuesday showed, as strong growth in the world’s second-largest economy spurred wealth creation. Chinese with at least 10 million yuan (US$1.47 million) of...
82,000 Millionaires Shifted Overseas in 2016

82,000 Millionaires Shifted Overseas in 2016

London – Global wealth migration is accelerating as around 82,000 ultra-rich people shifted overseas in 2016 compared to 64,000 in 2015, according to New World Wealth’s latest report on global wealth and wealth migration trends in 2016. Large outflow of...
More Wealth, more Jobs, but not for Everyone

More Wealth, more Jobs, but not for Everyone

Rotterdam, the Netherlands — For as long as ships have ventured across water, laborers like Patrick Duijzers have tied their fortunes to trade. He is a longshoreman here at Europe’s largest port. His wages put him solidly in the Dutch middle class: He has earned...