The Fuerdai - Chris Beam

It's not good enough just to be rich, really rich, to some of the children of China's newly minted million and billionaires. Many "fuerdai (Foo-arr-dye) second-generation rich, want to show off their money with photos posted on social media of their Lamborghinis, lighting cigarettes with cash or dogs wearing gold Apple Watches. There are now more than a million millionaires in China, 67 thousand multi millionaires and more than 200 billionaires. Chris Beam is a writer living in Beijing. He found a way in the wild world of the fuerdai and writes about it for Bloomberg Business in an article called Children of the Yuan Percent: Everyone Hate's China's Rich kids.