The number of wealthy people around the world is a growing statistic. New millionaires are being created every day, especially in both the United States and China. A June 9 report from the Boston Consulting Group took a look at the rate of growth for private financial wealth, and the numbers are astounding. The number of millionaires in China grew from 1.5 to 2.4 million in 2013 alone, putting it second only to the United States, which has 7.1 million millionaire households.
Of course, that money is going somewhere. Media website Vocativ recently took a look into one place it’s being sent – California. Or, more specifically, the children of China’s wealthy elite are attending college and graduate school in California, and bringing the lifestyle they are accustomed to with them.
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A video published to YouTube Nov. 18 shows Vocativ’s inside look at an exclusive gathering for those Chinese-American students, organized through the Chinese social media app WeChat, and the showcase of exotic cars they parked outside. One student describes how he purchased a new Ferrari California because he’s studying in California. Another describes how she doesn’t take her Maserati to school – she has an Audi for that drive.
Be sure to check out the video above to see how these 20 year olds get around their college campuses, and stay with us for more automotive news.
(Source: Vocativ / YouTube)