Aristocrats’ lives in China
“Being rich and living the life of an aristocrat are not the same thing,” said Rupert Hoogewerf, author of 2008 Hurun Report of New Aristocracy, who is known better by his Chinese name Hu Run. He said the report was complied after analyzing the lifestyles of more than 100 super rich people in China and not all spend lavishly.
An aristocrat in China generally spends around 4.57 million yuan ($672,000) a year. However, to live as an aristocrat, the super rich must have spent at least 83 million yuan. The report describes a typical aristocrat.
He is a man around 40s, lives in Shanghai with his wife and has a 17-year-old son studying in Britain. He owns a villa in Shanghai and an apartment in Beijing, has four cars including a Rolls-Royce Phantom for himself and a Mercedes-Benz ML500 for his wife.
He likes playing golf and has paid more than 3.5 million yuan joining golf club in Shnaghai and Beijing. Sometimes, he charters a plane with his friends to play golf in Hainan province.
He has four watches including a Vacheron Constantin and an Oyster perpetual Datejust, and a wedding ring which is very likely from Tiffany Legacy.
Recently, he has been indulged in wines. In his cellar, Chateau Lafite Rothschild costing 226,656 yuan can be found. He smokes Davidoff Classic NO.2. Now, he is more involved in charity.
According to Hoogewerf, top 100 richest people in the country had donated $120 million which were about 10 percent of the total donations. This amazing figure was received by the Ministry of Civil Affairs within a week of the May 12 earthquake.
Hoogewerf just wants to give an insight of the life of the rich for people’s curiosity. He estimates that currently there are only 50,000 people in the country can maintain such a lifestyle compared with 150,000 people last year. Because some entrepreneurs do not want lead an aristocrat’s lifestyle.
“I do not know where I can spend so much money. Maybe one day, I will buy a villa costing millions of yuan, but not now,” said Yu Minhong, CEO of the New Oriental Group, who ranked 134 in 2007 Hurun China Rich List.
Liu Mingming, a 24 years old worker in an office said, “Every one has his or her own lifestyle. They can be involved in whatever they want, so long as it makes them happy.” He said at the same time that what surprised him is there were so many rich people in China.
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