China's Richest and Most Exclusive Car Club: A Glimpse into China's Wealth

💰China's richest individuals are increasingly investing in luxury goods and experiences, such as exclusive car clubs.

🏎️Owning a Porsche 911 or Nissan GT-R is the minimum requirement for membership in the exclusive car club.

🌍China is set to become the largest market for luxury goods, surpassing Japan.

🤝Many of the wealthiest Chinese entrepreneurs are members of the Communist Party, highlighting the close relationship between big business and the government.

🎨Chinese millionaires have also flooded the international art market, spending billions on artwork at auction houses.

What are the requirements for membership in the exclusive car club?

—To become a member of the exclusive car club, one must own a Porsche 911 or Nissan GT-R.

Who are the main members of the car club?

—The main members of the car club are the children of new millionaires in China.

What is the estimated spending on luxury goods in China?

—China's spending on luxury goods is estimated to reach over 20 billion euros per year.

Are many Chinese entrepreneurs members of the Communist Party?

—Yes, many of the wealthiest Chinese entrepreneurs are members of the Communist Party.

How much have Chinese millionaires spent on artwork?

—Chinese millionaires have spent approximately 14 billion euros on artwork at auction houses.

00:13China's wealthiest individuals are part of an exclusive car club that rents out the Formula One circuit in Shanghai.

01:06Owning a Porsche 911 or Nissan GT-R is the minimum requirement for membership in the exclusive car club.

05:02China is set to become the largest market for luxury goods, surpassing Japan.

12:09Many of the wealthiest Chinese entrepreneurs are members of the Communist Party, highlighting the close relationship between big business and the government.

12:27Chinese millionaires have flooded the international art market, spending billions on artwork at auction houses.