Private Island Ownership: Status Of Wealth Among Chinese

Extremely rich people buy cars, house and lots or luxury timepieces to celebrate their bountiful wealth. Extremely rich people from mainland China, on the other hand, buy private islands.

In China, instead of getting luxury cars or prime real estates, the extreme rich go even bigger: they purchase islands. In fact, China Daily reported that there is a growing number of rich Chinese island owners that even go overseas to buy different islands. Lin Dong, a 42-year old Guangdong entrepreneur who made it big by selling medical equipment, is the founder of the China Island Owners Association. He bought his first island around nine years ago and has since bought more than 30 islands.


Read more at China Topix.