China’s Wealthiest – Where Are They?

on June 4 2014 | in Trends | by | with 1 Comment


China has nearly 3 million high net worth individuals (HNWIs) and most of them are not in the first tier cities. China’s wealthy are located across China according to Hurun’s latest report, The Chinese Luxury Traveler 2014, which classified millionaires into two categories, Dollar Millionaires with wealth of CNY 6 million and Super Rich with wealth of CNY 100 million.

Dollar Millionaires (CNY 6 Million) Chinese Super-Rich (CNY 100 Million)
Average age 38 39
% Male 60% 70%
Avg annual income 0.5 million over 5 million
In 1st tier cities 1.14571 M 26.1K
In 2nd tier cities 754.56K 20.65K
In 3rd or lower tier cities 999.73K 20.25K
Total 2.9 M 67K

china wealth

Hurun classified the cities as follows:
First Tier cities: Shanghai, Beijing, Shenzhen, Guangzhou.

Second Tier cities: Tianjin, Nanjing, Wuhan, Shenyang, Xi’ an, Chengdu, Hangzhou, Jinan, Qingdao, Dalian, Ningbo, Suzhou, Wuxi, Harbin, Changchun, Xiamen, Foshan, Dongguan, Hefei, Zhengzhou, Changsha, Fuzhou, Shijiazhuang, Kunming, Nanchang, Nanning, Taiyuan, Yantai, Wenzhou, Chongqing, Zibo.

image credit: Mike Behnken, hurun report

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One Response to China’s Wealthiest – Where Are They?

  1. We’re seeing a ton of wealthy Chinese start buying property in San Francisco. Golden Gate Heights is one of the target neighborhoods.

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