How much money can wealth and freedom?
Editor’s note: This article is from the micro-channel public number “Hurun Report” (ID: HurunReport), Author: Hurun Report.
The entry-level wealth and freedom threshold of China’s first-tier cities is 19 million yuan, second-tier cities 12 million yuan, and third-tier cities 6 million yuan
Intermediate wealth and freedom threshold for first-tier cities is 65 million yuan, for second-tier cities 41 million yuan, and third-tier cities 15 million yuan
The threshold for high-level wealth freedom is 190 million yuan in first-tier cities, 120 million yuan in second-tier cities, and 69 million yuan in third-tier cities
The threshold of international wealth freedom is 350 million yuan, equivalent to 50 million US dollars
The number of wealthy households with 6 million assets in China exceeded 5 million for the first time
The Hurun Research Institute, which provides quality lists and research, released the “2021 Hurun Wealth Freedom Threshold”
——How much money can wealth and freedom
(March 31, 2021, Shanghai) Hurun Research Institute today released the “Hurun Financial Freedom Threshold for 2021” in collaboration with Baifu Zhongxin, which provides training and solutions for financial institutions and family inheritance industry ecology. Freedom in China 2021), divided into four stages: entry level, intermediate level, advanced level and international level, and subdivided into China’s first, second and third tier cities. The “Hurun Wealth Freedom Threshold” mainly considers regular housing, financial investment and household annual income after tax.
Hurun Research Institute pointed out that the entry-level wealth freedom threshold in China’s third-tier cities is 6 million yuan, which mainly includes a 120-square-meter urban residential house, 2 cars, 200,000 yuan of annual family income after tax and 2.5 million yuan. RMB financial investment; the threshold of intermediate wealth freedom is 15 million yuan, which mainly includes a 250-square-meter urban house, a 200-square-meter suburban second house, two cars, a family’s annual income of 500,000 yuan after tax and A financial investment of 4 million yuan; the threshold of high-level wealth freedom is 69 million yuan, which mainly includes a 400-square-meter residential house in the urban area, a 300-square-meter suburban second house, 4 cars, and a family tax of 2.5 million yuan. Income and a financial investment of 25 million yuan.
The entry-level wealth freedom threshold for second-tier cities is 12 million yuan, which mainly includes a 120-square-meter urban residential house, 2 cars, 400,000 yuan of annual family income after tax and 5.5 million yuan.The threshold for the freedom of intermediate wealth is 41 million yuan, which mainly includes a 250-square-meter urban house, a 200-square-meter suburban second house, 2 cars, 1 million yuan in family income after tax, and 800 A financial investment of 10,000 yuan; the threshold for high-level wealth freedom is 120 million yuan, which mainly includes a 400-square-meter residential house in the urban area, a 300-square-meter suburban second house, 4 cars, and a family’s annual income of 4 million yuan after tax. And a financial investment of 40 million yuan.
The entry-level wealth freedom threshold for first-tier cities is 19 million yuan, which mainly includes a 120-square-meter urban residential house, 2 cars, 600,000 yuan after-tax family income and 8 million yuan in financial investment; intermediate wealth The threshold of freedom is 65 million yuan, which mainly includes a 250-square-meter urban house, a 200-square-meter suburban second house, two cars, 1.5 million yuan in annual family income after tax, and 12 million yuan in financial investment; The threshold for high-level wealth freedom is 190 million yuan, which mainly includes a 400-square-meter residential house in the urban area, a 300-square-meter suburban second house, 4 cars, 6.5 million yuan in annual family income after tax, and 65 million yuan in finance. investment.
The international level of wealth and freedom threshold is 350 million yuan, equivalent to 50 million US dollars. It mainly includes a 600-square-meter urban residence, a 400-square-meter suburban second residence, and a 400-square-meter residence in the mountains and the sea. Of vacation homes, 4 cars, 10 million yuan in annual family income after tax and 100 million yuan in financial investment.
The chairman and chief research officer of Hurun Report said: “We divide the threshold of wealth freedom into four stages: entry-level, intermediate, advanced, and international-level, and subdivide them into China’s first, second, and third-tier cities. First-tier cities For example, Beijing and Shanghai, the entry-level wealth freedom threshold is 19 million yuan, the intermediate wealth freedom threshold is 65 million yuan, and the advanced wealth freedom threshold is 190 million yuan; second-tier cities such as Xi’an and Xuzhou, etc., the entry-level wealth freedom threshold is 12 million yuan. The threshold for intermediate wealth freedom is 41 million yuan, and the threshold for advanced wealth freedom is 120 million yuan; third-tier cities such as Haikou and Shantou, the entry-level wealth freedom threshold is 6 million yuan, the intermediate wealth freedom threshold is 15 million yuan, and the advanced wealth freedom threshold is 6900 Ten thousand yuan.”
“China’s entry-level wealth freedom threshold is relatively high compared to other countries because of the high demand for home purchases. For example, in India, young people’s demand for home purchases is relatively weak, so the entry-level wealth freedom threshold is much lower, as long as there is It is enough to rent a better house with enough money. The entry-level wealth freedom threshold in Mumbai, India, may only cost 9 million yuan compared to 19 million yuan in Shanghai.”
“The reason why we divide the threshold of wealth freedom into four stages is because at each threshold, changes in family circumstances will create new needs for you. For example, when you reach the entry level, you will consider To buy a larger house in a little lot, you also need a suburban area2. Housing. When you reach the intermediate level, you will consider buying a larger house in a better location and so on. At the highest level, it’s useless to have more. For example, entrepreneurs on our 100 rich list, their average age is 55 years old, and their wealth has exceeded 2 billion yuan. What is more important for them is to scale up the enterprise. But it is no longer for wealth. According to the 2021 Hurun Zhishangyoupin survey, the most proud identity of high-net-worth individuals is entrepreneurs, followed by philanthropists and industry association leaders. “
“When we publish the 100 rich list every year, many people envy these entrepreneurs who have so much money. For example, the founder of Douyin, Zhang Yiming, has more than 100 billion yuan, but how much can they use? Many entrepreneurs on the rich list have a relatively simple life. For example, Zong Qinghou said that he spends less than 50,000 yuan a year. If he wants to talk about his personal hobbies, he only likes smoking and drinking tea; Liu Yonghao said that he likes to eat mapo tofu and Twice. The entrepreneurs on the list in the’post-material era’ have greater spiritual needs and simple material needs.”
“According to the 2020 Hurun Wealth Report, China estimates that 17 trillion yuan of wealth will be passed on to the next generation in 10 years, 42 trillion yuan will be passed on to the next generation in 20 years, and 78 trillion yuan will be passed on to the next generation in 30 years. Passed down to the next generation, men and women account for half. There should be many people who are born with freedom of wealth. These people are more fortunate. And the elements of family wealth are not only family assets, family business and human capital, but also Including social capital, including social connections and social influence.”
“We will envy the success and social status of a generation of entrepreneurs, and the circle and freedom of the second generation. Most people in the world between the ages of 16 and 60 want to create wealth, have houses and no loans, and be what they like Work, don’t succumb to five buckets of rice. I hope our report can inspire more people to realize their dreams.”
“After the freedom of wealth, you can also engage in the fields you love or excel at, art, music, sports, etc. In history, British biologist Darwin, because of the freedom of family wealth, can concentrate on his research and create for the world ‘Evolution’.”
“According to the 2021 Hurun Zhishang Premium Report, more than 60% of the high-net-worth individuals surveyed plan to travel around the world after wealth freedom, and nearly 40% choose to recharge their studies, and the proportion of family trusts and charitable donations will be up to 30%. “
“From the perspective of wealth, the happiest time for a person is when he thinks he has the opportunity to realize the freedom of wealth sooner or later, but it has not yet been realized. Those who have realized the freedom of wealth are not necessarily the happiest, because they also Take more responsibility and pressure.” Hu Run added.
