A luxury vacation package costing $1.5 million, dubbed “the world’s most expensive holiday,” has been sold to an unnamed Chinese man.

Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, overtaking North America for the first time.

A Chinese industrialist has completed the landmark purchase of Chateau Bellefont-Belcier, a leading estate in France’s prestigious Saint Emilion wine-making area.

Chinese billionaires have lost one-third of their combined wealth over the past year, according to new research, reported CBNC Monday.

The latest annual World Ultra Health Report 2012-2013 by wealth research firm Wealth-X revealed that Chinese billionaires lost value equivalent to US$160 billion from the period August 2011 to July 2012.

The world’s largest producer of alcohol from goji berries and an elusive tycoon have become the latest super rich Chinese investors to invest in Bordeaux wine estates.

Already a prized investment for the increasingly wine-savvy Chinese, five more chateaux in the heart of France’s most renowned wine country have been snapped up in the past few weeks.

Zhang Jinshan, 48, founder of the Ningxia Hong group based in northwestern China, bought Chateau du Grand Moueys from its German owner on Friday.

They’ve become one of the world’s most influential social groups and now a little more light has been shed on the makeup of China’s rising band of rich.

The HSBC corporation and international research company Nielsen have just released their findings into a survey that attempts to dissect the makeup of the richest 10 percent of the population of eight countries in the Asia-Pacific region.

The countries focused on were mainland China, Hong Kong, Taiwan, Singapore, India, Indonesia, Malaysia and Australia.