Fishing and cycling are among the top ten favorite hobbies of the elite, according to a new report released on October 18.

 

 

 

 

 

 

Research by wealth intelligence firm New World Wealth and investment migration consultancy Henley & Partners shows that cycling and mountain biking have overtaken skiing in private resorts… first in the list of 10 new hobbies of USD millionaires (people with assets worth over 100 million USD). Next comes golf and art collecting. Horse riding ranked 5th, fishing 6th, and finally collecting classic cars, hunting, yachting and collecting watches.

It’s hard to imagine a buyer of a classic car costing up to $40 million (a Ferrari 250 GTO from the 1960s) standing by the riverbank waiting for fish to take the bait or rushing down mountain biking trails, but on In fact, the activities have increased and become popular.

In the 2000 study, both cycling and fishing ranked seventh and tenth on the list. Among these activities, fly fishing is the most popular. This is a method of using a light weight bait – called an artificial fly – to catch fish. Rivers where rich people fish are scattered around the world, from America, Scotland to New Zealand.

“Ocean fly fishing is also becoming popular. Top locations for this activity include Australia, the Caribbean, the Mozambique Channel, the Seychelles and the South Pacific,” the report said.

Watch collecting is also a new hobby compared to the list in 2000. Rich people can spend up to one million USD on watches from high-end brands such as Patek Philippe, Henley & Partners.

The report shows that USD millionaires are often founders of successful companies or CEOs of large multinational corporations. Many people have private jets and superyachts. They have private family offices to manage assets and typically they have three or more homes, in rotation.

 

 

As of June 2022, the world recorded 25,490 USD millionaires, of which nearly 9,700, equivalent to 38%, lived in the US, followed by China, India, England and Germany in the top 5. Number of groups This elite has more than doubled in the past 20 years and is notable in the millionaire boom in emerging regions like India.

Henley & Partners predicts that the region with the fastest growing number of millionaires in the next decade will be Vietnam, with a growth rate of up to 95%.

(According to CNBC )