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millionaire

Thumbnail image for Where in Mainland China do the Millionaires Live?

Where in Mainland China do the Millionaires Live?

China has 960,000 “millionaires” with personal wealth of 10 million Yuan or more. These wealthy consumers are young with an average age of 39 years. Over half of them derived their wealth from their private business, while 20% from property investment and 15% from the stock market. About 30% of them are women.

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Thumbnail image for New Report Reveals Countries with Most Millionaire Households

New Report Reveals Countries with Most Millionaire Households

The 2011 Global Wealth Study from Boston Consulting Group reveals the countries in the world that have the most number of millionaire households, with Singapore having the most relative to its population and the United States the most number overall.

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Thumbnail image for How Rich is Rich?

How Rich is Rich?

NOTE: This article was written with Australians in mind. One Australian Dollar is currently trading at approximately $1.03 USD Would $1 million really make you rich? Unfortunately, a million dollars ain’t what it used to be – many property owners living within five kilometres of a major Australian city would fit the bill, based only […]

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$100 Million Silicon Valley Estate is Highest Price Ever Paid in United States

A Russian billionaire investor paid $100 million USD for a French chateau-style mansion in Silicon Valley, marking the highest known price paid for a single-family home in the U.S. The purchase of the 25500 square foot home in Los Altos Hills, California underscores the strength of some luxury properties in an otherwise depressed housing market.

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Thumbnail image for Millionaires Need $7.5 Million USD to “Feel” Wealthy in 2011

Millionaires Need $7.5 Million USD to “Feel” Wealthy in 2011

A survey of more than 1,000 millionaires (households with at least $1 million in investible assets, excluding retirement accounts and real estate), 42% of respondents say they don’t feel wealthy. To “feel” wealthy they need at least an average net worth of $7.5 million USD.

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