Report: As Chinese millionaires rise, happiness falls
January 17, 2013 -- Updated 0445 GMT (1245 HKT)
China's richest feeling less happy, according to a new report.
- New China "Millionaires Happiness Report" shows dissatisfaction with health, life
- Hurun: "In general, the report shows that the richer you are, the less happy you are"
Hong Kong (CNN) -- It's not easy being rich. At least that's what new findings suggest from "The Millionaires Happiness Report" released by the Shanghai-based Hurun Research Institute.
"In general, the report shows that the richer you are, the less happy you are," the report authors said.
According to the inaugural report which surveyed 551 Mainland Chinese with a net worth of over 10 million yuan ($1.6 million), the average millionaire in China sleeps only 6.6 hours during the working week.
Chinese millionaires are dissatisfied with their health and are looking to prioritize spending more time with their family, the report said. The "self-made" female super-rich, who were 37 years old on average, are more likely to be unmarried with 35% of the respondents being either divorced or having remained single. The figure is almost twice that of the men surveyed.
The average age of all Chinese millionaires surveyed was 38 years old, rising to 40 among the "super-rich" -- those with net wealth of $16 million.
The lack of satisfaction for China's nouveau riche appears to be growing. Hurun Report, a magazine best known for its ranking of the wealthiest individuals in China, surveyed 1,000 super-rich Chinese in 2011 found that 55% of the respondents either in the process of leaving China or seriously considering it.
"What we are seeing is a sense of insecurity or, perhaps you want to look at it from another side, looking for a sense of insurance policy," said Rupert Hoogewerf, publisher of Hurun Report, told CNN in November. "So they are beginning to quite actively try and get a green card in the U.S., Canada, Australia and Singapore."
Part of complete coverage on
As China's annual parliamentary meetings kick off, Beijing gauges progress on key economic reforms outlined last year.
March 7, 2014 -- Updated 0719 GMT (1519 HKT)
For some local Hong Kongers, the local economy is being geared to the needs of cashed-up Chinese day-trippers, rather than locals.
March 6, 2014 -- Updated 1027 GMT (1827 HKT)
Vladimir Putin is seeking China's support in Russia's standoff with Western powers over Ukraine.
February 27, 2014 -- Updated 0824 GMT (1624 HKT)
What's the story with WeChat, the messaging app taking China by storm?
February 28, 2014 -- Updated 0501 GMT (1301 HKT)
Outgoing U.S. Ambassador to China Gary Locke speaks to CNN about his time in China.
February 26, 2014 -- Updated 0449 GMT (1249 HKT)
Limited investment options in China means real estate has been a popular choice for consumers looking to expand their portfolios.
February 27, 2014 -- Updated 0140 GMT (0940 HKT)
It's sexy, sophisticated, skintight, and started as a Chinese feminist statement. Here's the story of China's "cheongsam"
February 25, 2014 -- Updated 0911 GMT (1711 HKT)
Linkedin, the networking site for professionals, has done what few other foreign online services have achieved -- it has successfully set up its China operations.
February 25, 2014 -- Updated 0408 GMT (1208 HKT)
With its tradition of free speech, Hong Kongers pride themselves on their strong opinions -- but now local journalists say they are being shut up.
February 25, 2014 -- Updated 1019 GMT (1819 HKT)
Beijingers are once again choking as smog levels hit "heavy or even worse" levels in the capital and other cities across the country.
February 21, 2014 -- Updated 1349 GMT (2149 HKT)
China has urged U.S. President Barack Obama to call off a meeting at the White House with Tibetan spiritual leader the Dalai Lama.
February 19, 2014 -- Updated 1205 GMT (2005 HKT)
Far from being censored, the U.S. political drama 'House of Cards' is widely available in China -- and surprisingly popular.
February 19, 2014 -- Updated 0833 GMT (1633 HKT)
Like many companies in China, Fu Shou Yuan uses celebrities to attract clients. Except, in this case, they're dead.
February 19, 2014 -- Updated 0319 GMT (1119 HKT)
On the Reporters Without Borders map of global press freedom, China appears as one big black spot.
February 18, 2014 -- Updated 1312 GMT (2112 HKT)
The panda was whipped by zookeepers, was fed corn cakes instead of bamboo, and lived in a home full of feces, say visitors.
February 19, 2014 -- Updated 0212 GMT (1012 HKT)
A Miami artist has destroyed a $1 million Ai Weiwei vase as a "spontaneous protest."
February 17, 2014 -- Updated 0946 GMT (1746 HKT)
Two Russian thrillseekers scaled the unfinished Shanghai Tower in the city's financial district -- and lived to tell the tale.
Today's five most popular stories