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  1. More generations, more pressure in beauty and cosmetics market: report
  2. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  3. Human-led hospitality – critical driver of workplace performance in every sector – being overlooked: report
  4. Personal luxury goods sector to grow ~2.5pc in 2026, down from anticipated 4-5pc: research
  5. Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report
  6. 3 questions every luxury brand founder must answer before year two
  7. How to redefine retail stores as AI, convenience and shifting spending power shape behavior: report
  8. AI reshaping jobs faster than firms reshaping work: report
  9. Gstaad tops list of most expensive holiday property markets in Europe’s Alpine region
  10. Why luxury brands are monetizing proximity — and risking symbolic dilution in the process
Comment

Wealth management

Report: Chinese millionaires set to grow 112pc by 2027, fueling global expansion of wealth

May 15, 2024

British department store Harrods has introduced the Harrods Residence, a private members' club in Shanghai, featuring exclusive perks such as access to Gordon Ramsay's first restaurant in China, a selection of rare whiskies and private jet services, with membership fees starting at approximately 20,000 euros ($21,700). Image: Harrods British department store Harrods has introduced the Harrods Residence, a private members' club in Shanghai, featuring exclusive perks such as access to Gordon Ramsay's first restaurant in China, a selection of rare whiskies and private jet services, with membership fees starting at approximately 20,000 euros ($21,700). Image: Harrods

 

By Luxury Marketer Intelligence

The number of millionaires worldwide is set to increase significantly by 2027, with China leading at a growth rate of 112 percent.

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NEW INTELLIGENCE

MOST READ
  1. More generations, more pressure in beauty and cosmetics market: report
  2. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  3. Human-led hospitality – critical driver of workplace performance in every sector – being overlooked: report
  4. Personal luxury goods sector to grow ~2.5pc in 2026, down from anticipated 4-5pc: research
  5. Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report
  6. 3 questions every luxury brand founder must answer before year two
  7. How to redefine retail stores as AI, convenience and shifting spending power shape behavior: report
  8. AI reshaping jobs faster than firms reshaping work: report
  9. Gstaad tops list of most expensive holiday property markets in Europe’s Alpine region
  10. Why luxury brands are monetizing proximity — and risking symbolic dilution in the process


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