Yesterday marked the beginning of India’s third annual Joy of Giving Week. The video above is a promotional piece from last year’s event. Meanwhile, The Hindustan Times ran a long article about the rapid rise of charitable giving by members of India’s middle class.
Philanthropy also is on the rise among Indonesia’s HNWIs, according to The Jakarta Post.
Sunday’s edition of Monocle Weekly featured a discussion of the recent “scandal at UBS and the implications it could have on the world of banking,” particularly in Switzerland.
The Economist ran an article about major changes coming to the UK’s banking industry.
The world’s richest woman, Wu Yajun, made her fortune through real estate investments in China. On Thursday, the Wall Street Journal‘s China Real Time blog discussed Ms. Wu and the role property investments play in creating wealth in China today.
Boston University received the largest gift in its history when alumnus and trustee Rajen Kilachand, a Dubai entrepreneur, pledged US$25 million to the institution’s honors college.
Qatar is now the world’s richest nation, according to the International Monetary Fund.
ArabianBusiness.com released a list of the 30 wealthiest Indians in the Gulf states.
A new 315-foot yacht, costing the equivalent of US$156 million, launched in September. There are 32 other yachts in the world larger than this one, which was purchased by Kirsty Bertarelli, “the richest woman in Britain,” and her husband, the Swiss billionaire Ernesto Bertarelli.
