There are now 18, 000 people with US$100 million or more in disposable assets in Southeast Asia, China and Japan, according to Knight Frank’s estimates – more than North America, which has 17, 000, and Western Europe with 14, 000. Still, these ultra-high net worth individuals are not completely confident that their large masses of wealth will be completely unaffected by turbulence in the world economy and changing political situations, according to surveys conducted by Knight Frank. In Singapore, the wealthy are most afraid of the impact of the global financial crisis on their wealth, but those in Hong Kong are more worried about the devaluation of currency and those in India are most worried about domestic inflation. With its high density of Louis Vuitton boutiques, luxury nightclubs and multi-million dollar property, Singapore is also growing in importance as a city for the world’s high net worth individuals. Surveys asking über-wealthy individuals to rank cities in terms of "economic activity, political power, quality of life, knowledge and influence" found that Singapore was the fifth most important city for the world’s wealthiest individuals. Here, the city-state was beaten by London, New York, Hong Kong and Paris, indicating that the world’s most global cities continue to lure the rich. According to Knight Frank, even respondents in Asia-Pacific put London and New York ahead of Hong Kong and Singapore – an indication that economic growth may not be the most important factor when a high-net worth individual chooses his city of residence.
http://www.ourdecision.ca/Stop foreign billionaires from sabotaging Canada’s national interest! Public hearings into a proposal for an energy pipeline from the oil sands to Canada’s west coast are being manipulated by foreign special interests. Foreign billionaires are hiring front groups to swamp the hearings to block the Northern Gateway pipeline project.
Anyone who’s spent any time around foundations eventually realizes two things. First, there’s no shortage of good works to be done, and foundations are doing plenty of it. But second, the impact of direct philanthropy pales in comparison to the impact of shaping more effective and efficient uses of the vastly larger public resources available to government.
For this reason, farsighted philanthropists all come to realize that advocacy — i.e., efforts to shape how public resources are utilized — offers the best possible bang for the charitable buck.
So if the choice for a high-net-worth patriot is to (a) devote him or herself to a foundation, or (b) run for president or invest in related efforts, there’s no question that the presidential campaign is the path to greater impact.
That’s because there is simply no better vehicle for advocacy than a presidential campaign. It’s the moment every four years when the press and public are attuned to a broad discussion of the nation’s future. And with our two parties poised to run grossly misleading campaigns next year in their drive to win 50 percent plus one, the opportunity to break through with real answers and straight talk is enormous.http://www.washingtonpost.com/opinions/the-billionaires-chance-to-save-the-country/2011/08/31/gIQAUhXtrJ_print.html