Business
China: The New Wealth Creators
China’s private wealth is changing hands and character at the same time. The founders who built it are aging into succession, while a new generation is building fortunes through consumer brands. Luxury will have to negotiate with both.
¥77 000 Bn
Amount, in billions of yuan, that will be passed on to the next generation within 30 years, according to a Hurun ranking covering mainland China, Hong Kong, Macau, and Taiwan
98%
Estimated percentage of Chinese billionaires from mainland China who built their fortunes on their own, according to UBS
¥550 Bn
The fortune, in billions of yuan, of Zhang Yiming, founder of ByteDance—the company behind TikTok and Douyin—and the top-ranked individual on the 2026 Hurun Global Rich List
Opinion
Who defines value, and where will the next fortunes emerge?
A $10 million Richter, a $10 million Baselitz, and two Julie Mehretu paintings at $7.85 million each. Art Basel Paris opened with a striking reminder […]
News
Lyst Index 2026: Prada Overtakes Chanel
Business & Trends
Strategy
Maybach Ocean Club: A Floating Private Club That Reflects Mercedes Benz’s New Ultra Luxury Strategy
With the Maybach Ocean Club, Mercedes-Benz is expanding its world of luxury beyond the automotive world. This 155-meter yacht, conceived as a floating private club, combines condominium ownership, high-end hospitality, and community. This lifestyle strategy also extends to luxury residences and Mercedes-Benz Places Binghatti City in Dubai.
Style & Experiences
Watches & Jewellery
Audemars Piguet Launches Its Certified Pre-Owned (CPO) Platform, The Watch Keepers
This Monday, 26 October, the Le Brassus-based manufacturer is launching its platform for certified pre-owned watches. Long-awaited, it provides a secure system for the resale or purchase of the brand’s watches, authenticated and verified by Audemars Piguet. This launch comes as LuxeConsult’s latest report estimates the secondary market will be worth CHF 23 billion by 2025.
Sustainability
Watches & Jewellery
Ilaria Resta, CEO of Audemars Piguet: “2% of our turnover are allocated to sustainability projects through our two Foundations”
With the publication of the “2025 Sustainability Report”, Audemars Piguet has clearly set out its sustainability objectives, which the brand has supported with several commitments, including the phasing out of ruby sourcing and the allocation of 2% of its turnover to its two Foundations. Luxury Tribune was able to conduct an exclusive on-camera interview with Ilaria Resta, the brand’s CEO, about these developments.