Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way. The report on high-net worth individuals (HNWIs) — defined as anyone with investible assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and […]

The ranks of the world’s millionaires shrank at the fastest rate in 2008, with North America suffering the biggest wealth loss worldwide, according to a survey by Capgemini and Merrill Lynch & Co. The global slump in property and equity markets last year cut the number of millionaires by 15 percent to 8.6 million, wiping […]

Bank of America is selling three corporate jets from its fleet, as well as a helicopter it acquired through its purchase of Merrill Lynch, the company said yesterday. In addition, the bank is believed to be trying to sell one of its corporate apartments in New York, according to a source familiar with the matter. […]

China now has more super rich than Japan, mostly entrepreneurs benefiting from the country’s surging economic growth. According to a survey released by Capgemini and Merrill Lynch on Sept. 25, at the end of 2007 China boasted more than 6,000 people worth more than $30 million a piece, excluding their principal residence. Japan only had […]

For quite some time the American express Centurion card or commonly known as the American black was a highly coveted item. For users of the American black there is no such thing as credit limits ordinary folks have to put up with. The estimate is that at the moment there approximately 17,000 black cards in […]