Hong Kong and India lead in growth of wealthy population, Lorre White

According to the World Wealth Report 2013, released by Capgemini and RBC Wealth Management, the investable wealth of the world’s high net worth individuals (HNWIs) rebounded in 2012, growing by 10 per cent to reach a record high of $46.2 trillion, after declining 1.7 per cent in 2011. As many as one million individuals joined the global HNWI population, which reached 12 million, reflecting an increase of 9.2 per cent. In 2012 North America’s population of 3.73 million HNWIs surpassed the … [Read more...]

Lorre White reports, ‘Dubai ruler sets up Emirates Excellence Council’

Emirati Prime Minister and Dubai ruler Sheikh Mohammed bin Rashed al-Maktoum. (AFP/Getty Images) Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, has announced the establishment of the Emirates Excellence Council in order to foster a “national culture that encourages all to achieve excellence” in the Gulf state. The council will see all of the UAE’s existing local and federal excellence programmes brought under one umbrella. Sheikh … [Read more...]

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