This Is Where You Live if You're a Chinese Millionaire

Everybody knows China has a lot of millionaires, but where do they live and how do they make their money? In its sixth annual Hurun Wealth Report released on Sept. 11, the Shanghai-based Hurun Research Institute provides some detail.

For starters, there are more than 1 million millionaires, defined as those with at least 10 million yuan, roughly $1.6 million. (The U.S. has 9.6 million millionaire households.) Their ranks grew 3.8 percent from a year earlier, to 1,090,000. Meanwhile, the number of super-rich, those with at least 100 million yuan ($16 million), grew 3.7 percent to 67,000. Those numbers are expected to rise to more than 1.2 million millionaires and 73,000 super-rich in the next three years, predicts Hurun.