Hong Kong’s affluent become millionaires at 33 on average

When it comes to reaching the next milestone of accumulating HK$10mil, only one-third of the survey respondents count mainly on savings, while a majority of them gain from trading investment products and fixed assets – at 21% and 14%, respectively. — Bloomberg

HONG KONG: The Special Administrative Region’s affluent become Hong Kong dollar millionaires at the age of 33 on average and are expected to build HK$10mil in liquid assets by an average age of 62, the latest HSBC Premier 2023 Affluent Survey finds. According to the survey, 61% of respondents bank on savings from their salary to reach their first HK$1mil, rather than on income from other sources, such as investment profits.

But, when it comes to reaching the next milestone of accumulating HK$10mil, only one-third of them count mainly on savings, while a majority of them gain from trading investment products and fixed assets – at 21% and 14%, respectively.