MEDIA COVERAGE


It has been the belief of many for years that the top 1% are unreachable on the web. Many believe that affluent customers do not browse online to for high-end consumer goods; that private jets, grand estates, luxury yachts and high fashion are not things that one can easily search and purchase online. The assumption has been that the wealthiest individuals have other methods to select and purchase their goods.

However, in recent years, this assumption has dwindled. The Internet belongs to all the people of the earth; ergo it also belongs to the wealthy and affluent.

Last year alone, 50 billion Euro worth of luxury products were purchased online, with that number due to triple over the next decade. The online personal-goods luxury market has grown twelvefold in 11 years, from 1 billion Euro in 2003 to 12.2 billion Euro in 2014.

Simultaneously, e-commerce grew to 7 percent market share in 2015, nearly doubling its penetration in 2012.

Meanwhile when it comes to high net worth individuals or individuals having investable finance in excess of US$1 million, Asia Pacific has overtaken the US - with 4.7 million Asia Pacific high net worth individuals holding US$ 15.8 trillion in 2014. The Asia Pacific's ultra-high net worth individuals grew their wealth at about twice the rate of their peers in the rest of the world, both in 2013 (20% vs. 10%) and in the five-year period from 2008-2013 (average annual growth rate of 17% vs. 8%).

The population and wealth of Asia Pacific’s high net-worth individuals grew at rates of 8.5% and 11.4%, which were the highest rates worldwide in 2014. In Indonesia alone, the population and wealth of the high net-worth individuals grew at rates of 15.4% and 16.9%.

But even with numbers such as these, thus far there has been no unifying portal providing commerce, content and community for those who control 50% of the world’s wealth – until now.

Welcome to Maxuri, the new world of luxury e-commerce. Here at Maxuri, we gather together the best luxury boutiques and suppliers from all over the world and make their beautiful assortments available to the high net-worth market. All our partners are carefully curated, and we select only the very best to cater the needs of the premium affluent consumers in Asia. From fast cars and luxury yachts to exclusive boutique travel and dining packages paired with private jets and limousine services, we’ve got it all covered. Whether it’s cutting-edge technology or the latest in sophisticated fashion, we can provide it all. Here at Maxuri, the dreams of the rich come true in one single click.

“WORLDWIDE LUXURY “MARKET OF THE MARKETS” 2015 € Billions”

Worldwide luxury “Market of the markets ” ( 2015E|CB )
Source: Bain & Company

5% FROM TOTAL PERSONAL-GOODS LUXURY SALES WORLDWIDE ARE CONTRIBUTED FROM ONLINE TRANSACTION.

The Online Personal-Goods Luxury Market Has Grown Twelvefold In 11 Years.

Online personal-luxury-goods market, 2013-2014 ( € Billions)
Source: Bain & Company

ASIA PACIFIC OVERTAKES US WITH THE LARGEST HNWI COMMUNITY

High Net Worth Individuals (HNWI): private banking business term use to define individuals as having investable finance (financial assets, excluding primary residence) in excess of US$ 1 million.

High Net Worth Individuals Population In Usa, Europe And Asia Pacific
Source: Capgemini

ASIA PACIFIC OVERTAKES US WITH THE LARGEST HNWI COMMUNITY

HNWI Population & Wealth in the Region. 4.7 million Asia-Pacific HNWIs holding USD $15.8 trillion in 2014
Asia-Pacific HNWI population and wealth grew at rates of 8.5% and 11.4 % which were the highest rates worldwide in 2014
Source: Asia Pacific Wealth Report