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."
Today's five most popular stories
Part of complete coverage on
October 29, 2014 -- Updated 0518 GMT (1318 HKT)
A top retired general has confessed to taking bribes, becoming the highest-profile figure in China's military to be caught up in President Xi Jinping's war on corruption.
October 27, 2014 -- Updated 0507 GMT (1307 HKT)
A group in China escapes from a stuck elevator thanks to one man and his trusty hammer. CNN's Kristie Lu Stout reports.
October 23, 2014 -- Updated 1352 GMT (2152 HKT)
Facebook's founder says he taught himself Mandarin and tested his skills with students in China.
October 24, 2014 -- Updated 0133 GMT (0933 HKT)
China launched an experimental spacecraft that is scheduled to orbit the moon before returning to Earth.
October 28, 2014 -- Updated 1619 GMT (0019 HKT)
Full marks for ingenuity: This was a truly high-tech scam.
October 21, 2014 -- Updated 0526 GMT (1326 HKT)
The rationale behind Confucius Institutes -- an international chain of academic centers run by an arm of the Chinese government -- is understandable.
October 24, 2014 -- Updated 1511 GMT (2311 HKT)
Smooth jazz saxophonist Kenny G wants everyone to know that he's not a foreign agitator trying to defy the Chinese Communist Party.
October 17, 2014 -- Updated 1113 GMT (1913 HKT)
A smuggler in Dandong, a Chinese border town near North Korea, tells CNN about the underground trade with North Korean soldiers
October 28, 2014 -- Updated 0511 GMT (1311 HKT)
Yenn Wong got quite a surprise one morning earlier this month when she found out an exact copy of her Hong Kong restaurant had opened in China.
October 15, 2014 -- Updated 0315 GMT (1115 HKT)
When I first came across a "virtual lover" service on e-commerce site Taobao, China's version of Amazon, I thought it was hype.
October 14, 2014 -- Updated 1315 GMT (2115 HKT)
Each year Yi Jiefeng does what she can to stop China turning into a desert.
October 13, 2014 -- Updated 1454 GMT (2254 HKT)
As its relationship with the West worsen, Russia is pivoting east in an attempt to secure business with China.
October 8, 2014 -- Updated 0229 GMT (1029 HKT)
Aspiring Chinese comics performing in Shanghai's underground comedy scene hope to bring stand-up to the masses.
September 30, 2014 -- Updated 1654 GMT (0054 HKT)
Liu Wen is one of the world's highest-paid models and the first Chinese face to crack the top five in Forbes' annual list of top earners.
October 3, 2014 -- Updated 1144 GMT (1944 HKT)
Cunning wolf? Working class hero? Or bland Beijing loyalist? C.Y. Leung was a relative unknown when he came to power in 2012.
October 2, 2014 -- Updated 1125 GMT (1925 HKT)
App hopes to help those seeking a way out of China's overstrained public health system.
October 3, 2014 -- Updated 0020 GMT (0820 HKT)
Yards from pro-democracy protests, stands the Hong Kong garrison of the People's Liberation Army (PLA), China's armed forces.