Results tagged “millionaires”

Despite Shanghai getting the reputation for being filled with rich people, it seems that there are actually more billionaires and millionaires in Beijing. According to the Hurun Report, a survey that specifically looks at the rich, there are now 143,000 multimillionaires and 8,800 billionaires in the capital city, compared to just 116,000 multimillionaires and 7,000 billionaires in Shanghai. Surprising, right? We guess this is why you've got to have 3 million RMB more to be considered a "new aristocrat" up north. Altogether, China has 825,000 people worth more than 10 million yuan and 51,000 individuals with over 100 million yuan.

The personal ads at enjoyclassifieds.com are generally good for a guilty chuckle, and none more so than this honest young Shanghainese lady:

One of Shanghai's luxury fairs with the most god-awful names is getting a makeover. And a name change. From now on, the Millionaire Fair will be known quite simply as — The Fair.

If you've got lots of cash to spare, this news will get you wet. A new 20,000 square foot private club is going to open in the penthouse floor of the 24-storey Cross Tower on Fuzhou Lu by the Bund which is soon going to be renamed M1NT Tower after the name of the exclusive club also present in Hong Kong and Cannes. What makes this club special is that it is owned by members who are also shareholders — and not just any Tom, Dick or Harry mind you. M1NT Shanghai is going to have a maximum of 500 shareholders and another 2,000 ordinary members who pay annual fees. According to Marc van der Chijs (of Tudou fame) who's considering taking up membership, M1NT boasts of 7 metre high ceilings, an unobstructed 360 degree view of the city, and a 17-metre long hammerhead shark fish tank (okay, that lucky shark is not going to get killed for its fins). Hopping over to M1NT's website, we found that CNN calls it "the exclusive cocktail club that caters to jet-set billionaires", while Glamour magazine calls it a place where you can "make money while you party". We still don't know how much entry to the club will set you back, but clearly this ain't the place where you'll find Shanghaiist hanging out. For those of you interested in becoming a shareholder, get in touch with them here and you could be part of Marc's party posse real soon.

Photo by exo_sh.