+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Check out the most expensive cars driven by the ultra-rich Chinese kids of LA

Oct 23, 2015, 21:22 IST

Advertisement
Youtube/Vocativ

Last year, a video of rich Chinese kids showing off their super cars in America went viral, racking up more than a million views on YouTube and more than one hundred million views when leaked on Chinese social media.

Filmed by Vocativ, the video captures just how much money China's elite have these days. After all, China's billionaire population swelled from three to 354 in the past ten years and the ranks of new millionaires is booming exponentially faster. Of course, this newfound wealth is controversial in a communist country where nearly 100 million people still live below the poverty line.

A growing number of those elite, particularly their children, are coming to America. Chinese students account for 60% of all foreign student enrollment growth at US colleges, with the allure of a name-brand education and western lifestyle higher than ever, and Southern California is the number one destination.

With China's economic slowdown, it's not clear how much longer this party will last.

But in any case, we've broken down the highlights of Vocativ's video, noting exactly how expensive these supercars are.

Advertisement

Next Article