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The Luxury Lifestyle of Chinese Billionaires

The Luxury Lifestyle of Chinese Billionaires They say money can't buy happiness, but it sure can afford a lavishly embellished lifestyle that turns heads and drops jaws. As the sun sets in the west, the eastern horizon gleams with the charm of Chinese billionaires. Their life is no less than a glossy magazine spread, brimming with the choice for buying branded products, extravagant houses, and owning the most number of Rolls Royce. So, let's have a look at the luxury lifestyle of Chinese billionaires. With all their wealth, billionaires in China spare no expense regarding their homes. The sprawling suburbs have become the canvas on which these nouveau riche paint their dreams. For example, the Palace de Fortune is a grand development of 172 French-style mock chateaux, each squeezed onto a 33-hectare plot of land just a stone's throw away from Shanghai. For an astounding average price of $2.6 million, the Chinese billionaires can easily secure themselves a 1,500 square meter shell, a canvas on which to paint their dreams. Additional costs include interior walls, bathrooms, kitchen, and decorations. But what's a few extra bucks when you've got room for a swimming pool and a three-car garage? Capital city Beijing doesn't lag either when it comes to luxury living. Homes in gated communities sporting illustrious names, such as Versailles, Provence, Arcadia, and Riviera, command prices upward of $1 million. And if that's still not your cup of tea, there are $800,000 luxury apartments in Central Park and Riverside complexes, because why not? After all, luxury knows no bounds in the world of Chinese billionaires! If you move towards the ritzy corners of Shanghai, you'll find the Shanghai Racquet Club and Apartment, an elite villa compound. A set of rules that dictated the servants—cleaners, babysitters, and the like—to promptly vacate their seats on the bus for the villa residents and "take up rear bus seats" if the residents fancied their spots. Back in March 2009, a Chinese billionaire shelled out a staggering $30 million for a fully furnished, 4,000-square-meter villa in Shanghai’s Shimao Sheshan development. This extravagant purchase broke records, becoming the most-ever paid-for residential property in China. And just when you thought that was dizzying, another record was set on a square meter basis—51,000 yuan per square meter—for a 130-million luxury apartment in the Tomson Riveria complex in central Shanghai.