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New Year May be Lucky for Wealthy Chinese

The Chinese believe the Lunar New Year is all about ushering in luck and fortune, and this year may be particularly prosperous for the country’s wealthiest, according to research firm WealthX.

The year of the Green Wooden Goat, which kicks off on Thursday, could see Chinese ultra high net worth (UHNW) individuals – those with $30 million in net assets – get even richer.

“The combined net worth of China’s UHNW individuals will grow by 5.2 percent, due to a strong performance across all UHNW wealth tiers – creating an additional $80 billion of UHNW wealth in the country,” WealthX said in a new report on Monday.

CNBC [1]

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