Is 10 million a rich person in China, how many multi millionaire families are there in China

Updated on society 2024-07-18
8 answers
  1. Anonymous users2024-02-13

    Is 10 million a rich man in China? There are four levels. The first level is 6 million assets and the standard well-off level; The second layer is 10 million assets, which is considered rich.

    The numbers for the next two levels start at 100 million, without much detailed explanation. So according to this standard, a person with 10 million assets is considered a rich person in China, and a rich person is a little worse.

    How many people have 10 million assets in the country? Hurun also has a rough count of the number of millionaires in each city in China. For example, in China, there are 1.86 million households with assets of more than 10 million, and one in every 940 people has a net worth of more than 10 million. Among the four first-tier cities, this distribution is more dense, Guangzhou, Shenzhen, Beishan, there are 83, 105, 220, 170 people, and one in every 34 people in Hong Kong is worth more than 10 million, ranking first in the country.

    From 10,000 yuan households in the era of planned economy, to millionaires in the middle of reform and opening up, and then to multimillionaires now. The amount of assets is from low to high, and the definition level is increasing year by year. The standard that defines the rich is beyond the reach of the general public.

    Last year's Household Wealth Report showed that the average asset of an urban household was around £1.61 million. For this set of data, most city people may stand up and refute it. Without a doubt, house prices** are the main reason.

    Over the years, housing prices have been soaring, neither humble nor arrogant, giving people the feeling that more and more people have assets of tens of millions.

    Is 10 million a rich man in China?

    Each of the top 10 super-richest people in Hong Kong and Macau is over 10 million, however, it is unreasonable and meaningless to apply it to China in terms of the average data of the cities mentioned in the wealth report. As we all know, China has a vast land, a large population, a huge disparity between the rich and the poor, and different cities and regions have different levels of development. A mere set of average figures is not convincing.

    Take the housing prices in different regions as an example: first-tier cities, second-tier cities, "18th-tier" small counties and cities, three different regions, the same 100-square-meter house. Calculated according to the room rate of each region:

    100 square meters in first-tier cities may sell for more than 5 million, and the city center is even higher; 100 square meters in second-tier cities can be sold for two or three million; In the city, in a small county, a 100-square-meter house on "Line 18" may not even sell for 500,000.

    Is 10 million considered a rich person in China, not strictly speaking, it can be classified as a rich person, if strictly speaking, there is a big difference between cities, and it makes no sense to summarize it with a set of average data.

  2. Anonymous users2024-02-12

    10 million may not be considered a rich person in China, but there are a lot of rich people now, especially young people who start businesses.

  3. Anonymous users2024-02-11

    Is 10 million a rich man in China? It depends on where he is in China. If it's in Beijing, Shanghai, Shenzhen, it doesn't count. If it is in some remote mountainous areas, of course, it is rich.

  4. Anonymous users2024-02-10

    Less than the above, more than the bottom, the rich.

  5. Anonymous users2024-02-09

    Is 10 million considered a rich man in China? 10 million is not considered a rich man in China, but it is also a rich person

  6. Anonymous users2024-02-08

    In my country, what is the concept of if your family has 10 million yuan? With assets of 10 million, it is a relatively wealthy family in my country.

    According to the data of the Hurun Wealth Report, in 2021, the total number of households with assets of 10 million in China will be about 2.06 million, accounting for about 100 million of the total number of households in the country. That is to say, on average, out of about 238 households in the country, only one family has assets of 10 million, and this data also means that if your family has 10 million assets, then it can be ranked within the top 1% of the country. In terms of proportion, with assets of 10 million, it is obviously a relatively wealthy family in my country.

    Guangdong Province, as the largest province in the country, has about 300,000 households with assets of 10 million, but the permanent population of Guangdong Province has reached 100 million. In Shenzhen, there are 10,000 households with assets of 10 million, and the number of permanent residents in Shenzhen has reached 17.68 million. In Guangzhou, there are 10,000 households with assets of 10 million, and the number of permanent residents in Guangzhou has reached 18.81 million.

    Shanghai is the largest economic city in China, with about 10 million households with assets, but Shanghai's permanent population has reached 24.89 million. In Hangzhou, there are 10,000 households with assets of 10 million, and the total population of Hangzhou is 12.2 million.

    From the above data, it can be seen that even in Shenzhen, Shanghai and other cities with the most developed economy in China, it is not easy to have tens of millions of assets, and the proportion is very small. If it is in the vast third, fourth and fifth-tier cities in China, it may be even more difficult to have assets of more than 10 million.

    From now on, if you want to have 10 million assets, if a family purely relies on salary income, then both husband and wife work at the age of 22 and retire at the age of 60, then they need to work for a total of 38 years, so that if you want to save 10 million yuan, on average until the middle of 38 years, you need to save an average of 10,000 yuan per year, and these money is the money left after deducting the usual expenses and paying five insurances and one housing fund. Assuming that the husband and wife spend 100,000 yuan per year, and the annual five insurances and one housing fund and individual income tax are about 50,000 yuan, it will take 38 years for the husband and wife, and the average annual family income needs to reach more than 10,000 yuan, and the average annual income of each person should reach about 10,000 yuan, which is obviously very difficult. And the more difficult thing is that in the past 38 years, both husband and wife must be healthy, and they also need the elderly, children, etc. of both husband and wife to not have serious illnesses or other major events, which is very difficult.

    To sum up, assets of 10 million in our country is considered a relatively wealthy family, if you want to save so many assets through work income, then it is very difficult, and only a few families may be able to realize this idea.

  7. Anonymous users2024-02-07

    100 million is a billionaire. Billionaires refer to people who have assets of more than 100 million yuan, which can include real estate, intangible assets, working capital and other assets.

    Wealthy people with total personal assets between 50 million and 1 billion yuan and a stable annual income of more than 1 million yuan are called tycoons.

    The rich are divided into two categories: the super-rich and the ordinary rich, and "plutocracy" is a dynamic concept whose standards are constantly being raised according to the level of economic and social development.

  8. Anonymous users2024-02-06

    Hello, there is no one in China who is worth more than a trillion. At present, Nongfu Spring's boss Zhong is the richest man in China with a fortune of $62.6 billion, followed by Alibaba.

    The two men have similar wealth, both exceeding $60 billion.

    1. In the past decade, due to the rapid development of China's economy, the number of wealthy people in China has shown explosive growth, especially in the real estate and Internet industries. China's richest man is now close to 550 billion yuan, 35 times faster than in 2000. At that time, CITIC Pacific.

    Rong Zhijian is the richest man in China, with a net worth of nearly 15.8 billion yuan. Now, with the equity of Nongnong Shanquan and other companies, Zhong has successfully become the richest man in China, with a net worth of 550 billion.

    2. In addition to Nongnong Spring, Zhong also holds another company, Wantai Biological, with a shareholding ratio of about 100 million yuan. The combined wealth of the two companies is about 4,295 yuan, equivalent to 62.9 billion US dollars, which has surpassed Ma Huateng's 56.8 billion US dollars and has become China's new richest man. In 2011, Nong Nong Spring's series of marketing successes and unique water quality made it a leader in the bottled water industry.

    Since 2012, it has ranked first in China's packaged drinking water market share for eight consecutive years. It is also one of the most profitable companies in the industry. For every bottle of water sold at a price of 2 yuan, there is a gross profit of yuan.

    It can be called "Moutai in the water". From 2017 to 2019, Nongnong Spring achieved net profit respectively.

    100 million yuan, 100 million yuan and 100 million yuan, of which packaged drinking water contributed 60% of the revenue.

    The reporter said that the company has no listing plan and does not need the capital market.

    power. The news of Nongshan's spring listing began to be rewritten at the end of 2019. In November 2019, Nongshan Spring was revealed to plan a US$1 billion IPO in Hong Kong, China, which could be implemented as early as the first half of April 29, 2020, and Nongfu Spring was listed on the Hong Kong Stock Exchange.

    The disclosure of the prospectus on the official website not only confirms the rumors of an IPO in Hong Kong, but also means that its listing knocks on the door.

    On the 14th, it was reported that Nongshan Spring's $1 billion Hong Kong IPO had been approved by the Hong Kong Stock Exchange, but Nongshan Spring said it would not comment at the time. Prior to the approval of the Hong Kong Stock Exchange, Nongnong Spring's IPO had entered the substantive stage. On July 31, the China Securities Regulatory Commission announced that Nongnongshanquan was allowed to issue no more than 100 million shares of overseas listed foreign shares, with a par value of yuan per share, all of which are ordinary shares.

    After the issuance, Nong Nong Spring can be listed on the main board of the Hong Kong Stock Exchange.

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