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Rabbits Have Reason to Hop in Year of Snake

Thursday, 7 Feb 2013 | 11:20 PM ET
Wealth & Chinese Zodiac Signs
Mykolas Rambus, CEO, Wealth-X explains why people born in the Year of the Rabbit will do well this year. He explains that historically speaking, that group of people tend to form the bulk of the super-rich.

The Year of the Snake, which starts on February 10, may prove more successful for those born in the Year of the Rabbit, according to research firm Wealth-X, which says rabbits dominate the ranks of those globally with wealth of $30 million or more.

Mykolas Rambus, CEO of Wealth-X said those with the Chinese zodiac sign of a rabbit represent about 10 percent of the global ultra-wealthy population, while snakes account for just more than 8 percent.

"Looking at all the history, at all the performance, rabbits are the ones who do the best," Rambus told CNBC Asia's "Squawk Box." "It turns out they got the best personality traits to really be successful."

Rabbits, one of the 12 characters that make up the Chinese zodiac, are also big spenders and account for about 23 percent of all luxury spending, while snakes make up only 4 percent, according to Rambus.

In Asia overall, the rabbit is the top Chinese zodiac sign for those with a net worth of $30 million. Countries where rabbits make up the highest ultra-wealthy population include South Korea with 26 percent, followed by China at 14 percent, a Wealth-X report said.

(Read more: Year of the Snake - Good for Banks, Bad for Oil?)

While rabbits may be the number one Chinese zodiac sign globally for the ultra-rich, Rambus says the success of a zodiac sign really depends on which country you live in.

"Surprisingly, if you look at a place like Thailand, it's actually the dragons, 27 percent of the ultra-rich in Thailand are dragons, so it does depend on what country you're in," Rambus said.

What's Lucky for the Year of the Snake?
CNBC's Sri Jegarajah goes through investment themes and ideas that you should keep in mind for the Year of the Snake.

Other animals in the Chinese zodiac make up the ultra-wealthy in other parts of Asia. In India, for example, the majority of the ultra-wealthy are rats at 10 percent, while horses dominate in Japan at 15 percent, according to Wealth-X.

Horses are the best investors and hedge fund managers, according to Rambus, who said "Warren Buffet for example, is a representative horse of the investor category. If you look at all the horses on the list, it is the horses that do the best."

The sign that hasn't fared so well in the past is the dog, accounting for 7.8 percent of those with $30 million or more globally – the lowest amongst all the Chinese zodiac signs, Wealth-X said.

By CNBC.com's Rajeshni Naidu-Ghelani; Follow her on Twitter @RajeshniNaidu


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  • A reporter and editor, Robert Frank is a leading authority on the American wealthy for CNBC.