Women are catching up with men in the battle for millionaire status in Hong Kong, a profile of who owns what and why has revealed.
Last year 49 per cent of the city's 274,000 millionaires were women, compared with just 44 per cent for 2004.
A survey commissioned by Citibank was based on more than 3,000 telephone interviews with people aged between 21 and 79 late last year. The results were released last week.
The aim was to find the number of people with liquid assets worth more than $1 million. It turned out to be 274,000, or 5.3 per cent of Hong Kong adults, the same figure as 2004. But the rich got richer: the average amount of liquid assets is about $4 million compared with $3.4 million in 2004.
And women got a bigger slice of the cake. An average Hong Kong millionaire - let's say she's Goldie Hung - would be 45 years old. She's probably married with children.
Actually, the number of married millionaires fell to 83 per cent versus 87 per cent in 2004. Those married with children slipped from 76 per cent in 2004 to 70 per cent last year.