Forbes reveals the richest real estate tycoons in the world
- Thread starter oracle
- Start date
The more decades that pass, the more SS users will hit this list 
But when you compare them with the richest people in the world (Bill Gates, Warren Buffett etc.) they also have a love affair with wealth accumulation, success and growth but they have rather taken another vehicle (aka business/shares) to get there.
So my point was people from Asia-Pacific region seems to prefer property as their vehicle for wealth accumulation, success and growth.
Cheers,
Oracle.
To a large extent Asians have almost always have had a love affair with property/land.
Some contributing factors as to why:
* Land is much scarcer in Asia than the West.
* Traditional views that having/owning your own place is important. Many Asians do not like to rent.
* Much less knowledge about shares both among the Asian middle class and wealthy. Anyway, shares/stocks is a more or less Western "thing. Hong Kong is about the only place where shares are big.
* Until recently, most big businesses were family owned or have government links.
* Weak innovation and lack of respect to copyright laws in Asian countries make their companies weak, this would also be respected on any sharemarkets.
* China has a weak and rather murky sharemarket.
Shares are a big thing in China. The largest listed companies in the world are all in China.
Chinese Stockmarket has outperformed every market in the world in last 12 months, certainly outperforming US, UK and Germany. It's the biggest thing at the moment in China. Put if this way if you didn't have your money in Shanghai sharemarkets last 18 months you would seriously be kicking yourself. Chinese blue chips have gone up more than speccy mining stocks have in Australia during the mining boom in the space of 10 months.
Re properties, the richest real estate tycoons are all in Hk. Interestingly they missed Li Ka Shing but that's because they don't count him as properties. He is easily the richest real estate tycoon in history. Also Hk based.
Chinese Stockmarket has outperformed every market in the world in last 12 months, certainly outperforming US, UK and Germany. It's the biggest thing at the moment in China. Put if this way if you didn't have your money in Shanghai sharemarkets last 18 months you would seriously be kicking yourself. Chinese blue chips have gone up more than speccy mining stocks have in Australia during the mining boom in the space of 10 months.
Re properties, the richest real estate tycoons are all in Hk. Interestingly they missed Li Ka Shing but that's because they don't count him as properties. He is easily the richest real estate tycoon in history. Also Hk based.
Oracle that's an interesting theory. But properties don't make you rich unless the country in which it's located generates vast productivity. Otherwise there'd be real estate tycoons in Africa too. Point is China is adding big time value to the world, that's why it's properties are worth so much and there are no shortages of Bill Gates emerging.
Just reading this Deltaberry
Share buying frenzy as China seeks alternative to property wealth
I recall watching a show a few years back about the government moving on villagers when they created dams in the area, they also showed where they had access to computers and trading platforms in a small village and most residents were investing in the stock market
It's easier to invest in property then to grow a multimillion dollar business.
Business is by far the most valuable form of real estate on this planet but to go there you need to challenge yourself personally and become a different person.
Most people fail in Business because it throws back who you are in your face.
Most people want to create wealth without the personal expansion and property seems to be the easier vehicle.
Business is by far the most valuable form of real estate on this planet but to go there you need to challenge yourself personally and become a different person.
Most people fail in Business because it throws back who you are in your face.
Most people want to create wealth without the personal expansion and property seems to be the easier vehicle.
Business is a form of real estate??
