Indian Millionaires are Show-Offs

Bangalore: Do you buy precious jewellery to show off your wealth? Well, Indian millionaires are considered as big show offs when they state that most of their treasures like antiques, art and jewellery are meant for display. They rather prefer to hold their wealth in financial assets. They actually buy valuable treasures with an objective of preserving the financial value rather than for personal pleasure.

Barclays have come up with a survey named “Profit of Pleasures” that digs into the spur behind this treasure trend. The trend of accumulating treasure varies across considerably. The report speaks about the rich, who have investments of over one million pound across the countries.

According to the survey Indian millionaires invest only 3 percent of their wealth in treasures like classic automobiles, precious jewellery and furniture in comparison to Chinese rich, who invest 6 percent of their wealth in precious jewellery, antique furniture and fine art. Whereas in other countries like Hong Kong, Brazil  and Singapore the percentage is much higher at 14 percent, 15 percent and 16 percent respectively.