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World's richest are buying fine wine and Hermés handbags

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According to the latest Wealth Report announced by world-leading estate agency Knight Frank and real estate brokerage Douglas Elliman, the world’s ultra-wealthy population, referring to UHNWIs with a net worth of US$30 million or more, rose 2.4% to 520,000 in 2020, despite the global downturn. Topping the list was China…

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