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The Chinese believe the Lunar New Year is about ushering in luck and fortune, and this year may be particularly prosperous for the country's wealthiest, according to research firm Wealth-X.
The year of the Green Wooden Goat, which kicks off on Thursday, could see Chinese ultra high net worth (UHNW) individuals - those with $30 million in net assets - get even richer.
"The combined net worth of China's UHNW individuals will grow by 5.2 percent, due to a strong performance across all UHNW wealth tiers - creating an additional $80 billion of UHNW wealth in the country," Wealth-X said in a new report on Monday.
In 2014, China's UNHW wealth stood at $1.6 trillion, or roughly 7.3 percent of the country's total wealth.
Meanwhile, the bottom tier of the UHNW group, or those with a net worth between $30 and $49 million, will grow by 8.5 percent, Wealth-X noted, riding on the wave of China's growing middle class boom and increased social mobility.
Some trends that could be observed in the Chinese wealth population this year, according to WealthX, include:
UHNW individuals born in the Year of the Goat have an average net worth of $155 million, which is 10 percent more than the global UHNW average, Wealth-X stated. However, they aren't the richest among their zodiac peers, ranking third behind Dragon and Ox UHNW individuals.
"Goats" are known for their determination and dependable personality, Wealth-X said, and they typically work in finance, banking and investment.
More than 8 percent of the global UHNW population was born in the Year of the Goat, making it the fourth most common Zodiac sign in the sector. Currently, half of the world's wealthy "Goats" reside in the United States and 7 percent live in China.