Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time. There were 1,453 people around the world with a personal wealth of $1 billion or more as of January, said the Hurun Report, a luxury magazine publisher that compiled the list.
Asia's richest man Li Ka-shing warned that Shanghai's new free trade zone will have a "big impact" on Hong Kong, urging the city to up its game to avoid losing out, his office said Wednesday.China will allow unfettered exchange of its yuan currency in its first free trade zone, according to draft plans revealed exclusively by AFP earlier September, in a bold push to reform the world's second largest economy.The proposals showed the new Shanghai FTZ as an international trade and financial centre, which analysts say would challenge the free economy of Hong Kong.
For the 25th anniversary issue of the Forbes Billionaires List, I was fortunate to have the opportunity to interview one of the world?s greatest entrepreneurs and philanthropists of our time, Li Ka-shing. His first interview with a Western media in nearly five years took place atop his headquarters in Hong Kong. (Please click here for ...
Today’s AM fix was USD 1,403.75, EUR 1,065.63 and GBP 899.67 per ounce.Yesterday’s AM fix was USD 1,391.25, EUR 1,056.06 and GBP 893.09 per ounce. Gold climbed $17.50 or 1.26% yesterday, closing at $1,411.80/oz. Silver surged $0.83 or 3.54%, closing at $24.26. Platinum rose $18.60 or 1.2% to $1,532.80/oz, while palladium inched up $2.97 or 0.4% to $715.47/oz just before the close. A short and concise history of the gold price. Click here to download your free copy.
Forbes is out with its annual list of the wealthiest people on the planet, and there are some shakeups in the top 20. Microsoft founder Bill Gates reclaimed his spot at the top of the list, adding $9 million to his fortune in the past year.
Submitted by Simon Black of Sovereign Man blog, Here’s a guy you want to bet on– Li Ka-Shing. Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor. Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it.
Moving??up during the course of his life from??humble circumstances as a fatherless teenager to one of the world?s??richest business leaders and most generous philanthropists, Li Ka-shing for many in Asia represents a model of how to succeed in the world.?? Books about his approach to life and business ? mostly in Chinese and all unauthorized ...