China's Super Rich Flock Into U.S. Property Market

A young Chinese couple threw $34.5 million into a luxury mansion in Hollywood, making themselves a new neighbor of David Beckham, Jennifer Lopez and George Clooney.

News of the purchase sparked a flurry of speculation on the Internet that the young millionaire could be the son of Ning Gaoning, the former chairman of a state-owned Chinese conglomerate COFCO, as Ning is an uncommon family name among China’s bigwigs.

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Wife stabbed 23 times by rich husband for having Facebook affair

A man has described the chilling moment he found his neighbour bleeding to death in a hedge after she was allegedly stabbed 23 times by her wealthy American husband…

Source: www.dailymail.co.uk

High net worth clients rethink concept of risk

Financial Times: “Wealthy families are not immune and their wealth faces some of the same threats as others. There is the potential for some to find themselves poorer as a result of these extraordinary circumstances.”