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(Video) An Inside Look At China’s Millionaire & Billionaire Lifestyle

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Image Credit: Unsplash

With over 1 million millionaires and 600 Billionaire’s, China is leading the rise as the country with the most ‘Young & Super Rich‘. In the next decade, professionals predict that half of the worlds Billionaires will come from China, making a majority of their money from real estate, stocks, gold and artworks.

ABC Australia released a documentary last year called “The Ka-Ching Dynasty” which takes an inside look into the entrepreneurial world of the wealthy millionaires and billionaires on their come up in china.

 

(Video) The Ka-Ching Dynasty – Documentary

Watch the Ka-Ching Dynasty Documentary for an inside look at China’s wealthy young millionaires.

 

16 Interesting Facts About China’s Millionaires

1. There are currently 2.7 million high-net-worth (HNW) individuals in China with personal assets of $950,000 or more, and 63,500 ultra-high-net-worth (UHNW) individuals with assets worth $15.8 million or more.

2. Among China’s wealthy, the most popular leisure activities are traveling, reading, and tea tasting.

3. More than 60% of HNW Chinese are collectors, and their favorite thing to collect is watches.

4. HNW Chinese shop in Hong Kong an average of 3 times a year, and 73% say it’s their favorite place to shop.

5. For men, watches are by far the most popular luxury item to purchase overseas. Among women, it’s cosmetics.

6. More than half of HNWs bought watches last year. Among the ultra-rich, yachts and private jets are becoming more popular.

7. The average HNW spends close to $24,000 a year on gifts, and the most popular gift among wealthy men is watches.

8. Despite an ebb in China’s housing market, real estate remained the most popular investment for the wealthy.

9. More than a third of China’s wealthy have pets—5% own chinchillas.

10. Leisure travel is currently the biggest expenditure for HNW individuals, and many expect to spend even more on travel in the future.

11. Education is another big spending area for HNW individuals. 85% said they planned to send their children abroad to study.

12. 29% of China’s HNW individuals are Buddhist, compared to 18% of China’s overall population.

13. While most high-net-worth individuals in China still don’t use the Internet to shop, it’s now their #1 source of information about consumer products.

14. Beijing has more HNW individuals than any other Chinese province.

15. High-net-worth individuals in China:

  • 60% are male, and their average age is 39.
  • They mainly invest in real estate and stocks, although their interest in fixed income investments is gradually increasing.
  • They own an average of three cars, four watches, and take 20 days off a year.
  • Their favorite sports tend to be golf and swimming.

16. Ultra-high-net-worth individuals in China:

  • 80% are male, and the average age is 41.
  • Their main source of wealth is through the ownership/sale of their companies.
  • Real estate and stocks remain the two most popular investment choices, but they also invest more in art and unlisted companies.
  • They own an average of three cars, six watches, and take 20 days off a year.
  • They like playing golf.

 

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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