Lavish spending has become commonplace within the inner circles of Sydney’s billionaires from mainland China, Hong Kong and Singapore, along with homegrown Asian tycoons, reports (1 September 2018). Carrie Law, CEO and Director of said that more than half of wealthy Chinese plan to move overseas and are likely to go to Australia. The biggest spenders tend to be the children of mainland China’s billionaires and multi-millionaires who go to study, pick up business experience or simply holiday in Australia.