Connect with us

Success Advice

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

Joel Brown (Founder of Addicted2Success.com)

Published

on

China-Millionaires

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.

Advertisement
4 Comments

4 Comments

  1. OneFra

    Apr 11, 2012 at 5:09 pm

    This one, does make sense, sure.

  2. Dee A.

    Apr 11, 2012 at 8:48 am

    Donald Trump has been saying this for ages now. “The Chinese are eating our lunch!” and we are just letting them. This is crazzy. I guess they have 20X the amount of people in their country so the number of millionaires and billionaires compared to the US does make sense if we are looking at this on a ratio.

    D Trump for president, that is all I got to say.

  3. Trey Martin

    Apr 11, 2012 at 7:00 am

    Dang! There is a lot of opportunity out there in China, I should switch countries and get the hell out of the US.

    There is definitely growth there and the US gon be stuck in this rutt for a long ass time.

    • Stephen Bardutz

      May 3, 2012 at 3:56 am

      I agree.

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

5 Mindset Hacks to Gaining More Opportunities and Increasing Your Income

Published

on

Image Credit: Unsplash

Growing your business and slaying your sales isn’t an upward-only trajectory. The highs and lows can be exhausting, so it’s important to have a few mindset hacks in your back pocket to get yourself in the frame of mind that invites opportunities instead of polarizing momentum. (more…)

Continue Reading

Success Advice

Acceptance is the Key to Resiliency and Success

Published

on

Image Credit: Unsplash

I was sitting on the sofa, waves of emotions poured through my thoughts streaming downwards from my mind into my heart. They are the sensations that wrap the mind in a fog or steal up the heart into a ball of anxiety. I allowed somewhat of a sarcastic puff of air to exhale out of me, blankly staring forward looking at my dog laying on the floor and the pile of dishes in the sink. I laughed at myself. (more…)

Continue Reading

Success Advice

10 Things Holding You Back And How to Take Control of Them

Published

on

Image Credit: Unsplash

It’s no secret that we all have far more potential than we could ever imagine. Well, it may be a secret for some. Why is it then, that so many people never get where they want to go in life? Why do so many lack simply being able to visualize what they want their life to look like? It’s because they’ve been held down. We all have things holding us back to some degree and often we’re completely unaware of many of these things. The great thing about being human is that we have the ability to control our circumstances and create change, which is exactly how to break free of the shackles holding you back. (more…)

Continue Reading

Success Advice

5 Insanely Simple and Effective Ways to Take a Mental Break From Work

Published

on

Image Credit: Unsplash

A study conducted by Gettysburg College found that you spend one-third of your life at work. On average, a person will spend 90,000 hours at work over a lifetime. This is a lot of time away from family while undergoing a lot of mental and physical stress. Overtime work starts to take priority over family and before you realize it, your productivity, creativity, mental, and physical health starts to decline. Why does this happen? (more…)

Continue Reading

Trending