, 2022-10-20 01:05:44,
Spending time on yachts, golf courses and the slopes of exclusive ski resorts might be what first comes to mind when thinking about how the ultra-rich like to spend their time.
And while those are all in the top ten pastimes of so-called centi-millionaires — anyone who has assets worth over $100 million – other activities on the list might be more surprising.
Fishing and cycling are among the ultra-rich’s top ten favorite ways to spend their time, according to new research by wealth intelligence firm New World Wealth and investment migration consultancy Henley & Partners.
Cycling and mountain biking beat skiing to third place, with only golf and art collecting being more popular. Horse riding rounds out the top 5, followed by fishing in sixth place — ahead of classic car collecting, hunting, yachting and watch collecting.
It might be hard to imagine the same people who spend their time buying vintage cars priced as high as $40 million (for a Ferrari 250 GTO from the 1960s) standing in a river waiting for fish to bite or hurtling down mountain biking trails, but the activities have soared in popularity.
Back in 2000, both cycling and fishing were much lower on the list, ranking seventh and tenth respectively, New World Wealth told CNBC’s Make It.
Among anglers, fly fishing was especially popular. Fly fishers’ favorite rivers are scattered around the world,…
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