In Shanghai, how many assets can be called rich second generation?

In order to truly reach the rich second generation standard, in Shanghai, assets must enter ultra-high net worth families, with assets of more than RMB 1 100 million, a luxury house and cash assets of tens of millions of yuan.

However, some families between high-net-worth families and ultra-high-net-worth families, such as those with assets between 20 million and 1 billion yuan, are also rich families and belong to the category of rich second generation.

In Shanghai, the standard of the rich second generation depends not only on the total assets, but also on how much cash and cash equivalents are left after the house is demolished. I agree that only when cash and cash equivalents exceed 6,543,800+million can the rich second generation be considered. In this case, a family's annual income is at least one million.