Half of the world’s self-made female billionaires hail from China, Christie’s cashes in on its Shanghai auction and looking at tax evasion
Half of the world’s self-made female billionaires hail from China, Christie’s cashes in on its Shanghai auction and looking at tax evasion
1. Half of the world’s self-made women billionaires are from China (Quartz)
In the Hurun Report’s list of rich and powerful women of the year, 14 of the 28 female entrepreneurs with assets of more than $1 billion were from mainland China
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2. Christie’s First Mainland China Auction Earns $25 million (Bloomberg)
The Shanghai auction late yesterday exceeded its pre-sale estimate of $16 million. The top lot was a diamond and ruby necklace that sold for a hammer price of $2.94 million
3. Sofa giant joins float race with £1 billion offer (Sunday Times, £)
A buoyant stock market and hopes of a sustained economic recovery have prompted a growing list of private firms to try to raise money on the stock exchange
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4. Tax evasion: how much does it cost? (Guardian)
The numbers, taken from World Bank estimates on the size of each country’s shadow economy, are fascinating – even if not perfectly reliable. Counting any type of illicit behaviour is always prone to error and black market activity is no exception
5. Hauser & Wirth shows fine works from the Onnasch collection (FT, £)
Until December, Hauser & Wirth’s Re-View: Onnasch Collection showcases 80 works from the holdings of a Berlin dealer celebrated for his reluctance, or inability, to sell
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