More money, less happiness for China’s rich – Rupert Hoogewerf

Money does not make happy, says the saying. China’s rich are now discovering that truth as the latest Hurun report indicates a dropping happiness among China’s rich. Insecurity is on the rise, tells Hurun founder Rupert Hoogewerf in CNN.

CNN:

According to the inaugural report which surveyed 551 Mainland Chinese with a net worth of over 10 million yuan ($1.6 million), the average millionaire in China sleeps only 6.6 hours during the working week.

Chinese millionaires are dissatisfied with their health and are looking to prioritize spending more time with their family, the report said. The “self-made” female super-rich, who were 37 years old on average, are more likely to be unmarried with 35% of the respondents being either divorced or having remained single. The figure is almost twice that of the men surveyed…

“What we are seeing is a sense of insecurity or, perhaps you want to look at it from another side, looking for a sense of insurance policy,” said Rupert Hoogewerf, publisher of Hurun Report, told CNN in November. “So they are beginning to quite actively try and get a green card in the U.S., Canada, Australia and Singapore.”

More in CNN

You can download the full press release here. The full report in available in Chinese.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

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