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Real estate

US creates 500K new millionaires a year

March 22, 2018

Douglas Elliman and Knight Frank's report highlighted trends in global wealth. Image credit: Douglas Elliman

 

By Danny Parisi

NEW YORK – Despite massive growth in China and from Chinese buyers, the United States is the biggest driver of wealth creation in the world right now, according to research from Knight Frank and Douglas Elliman.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Estée Lauder Cos., Jo Malone launch AI scent advisor
  4. Dior builds five-story statement flagship in Beijing
  5. Kering to acquire jewelry manufacturer Raselli Franco Group
  6. WatchBox looks for growth in editorial integration
  7. Burberry bans exotic skins
  8. Bulgari names Chinese actress Liu Yifei as newest global ambassador
  9. Savannah College of Art and Design debuts SCAD LUXE research center
  10. Luxury Women to Watch 2017
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