HSBC once reported that millionaires in Hong Kong take an average of about 8 years to become worth HK$10 million.
Of course, this is a result of favorable market cycles—returns are easier to amplify when the economy is on an upswing.
Suppose a person worth HK$10 million invests it all in the S&P 500. Based on an annualized return of 15% during an upswing, they could theoretically grow their wealth to HK$100 million in about 16 years.
In an ideal scenario, if they benefited from economic upswings every step of the way, going from HK$1 million to HK$100 million might theoretically take just 26 years.
Let’s look at the actual performance of the most recent U.S. stock market upswing (2016‑2026):
• S&P 500: about 4.2x (annualized ≈15%)
• Nasdaq: about 7x (annualized ≈22%)
• Microsoft: about 10x
• Apple: about 12x
• Nvidia: about 70x
⚠️Past performance is not indicative of future results. Markets go up and down. The figures above are for historical reference only and do not constitute investment advice.
Of course, this is a result of favorable market cycles—returns are easier to amplify when the economy is on an upswing.
Suppose a person worth HK$10 million invests it all in the S&P 500. Based on an annualized return of 15% during an upswing, they could theoretically grow their wealth to HK$100 million in about 16 years.
In an ideal scenario, if they benefited from economic upswings every step of the way, going from HK$1 million to HK$100 million might theoretically take just 26 years.
Let’s look at the actual performance of the most recent U.S. stock market upswing (2016‑2026):
• S&P 500: about 4.2x (annualized ≈15%)
• Nasdaq: about 7x (annualized ≈22%)
• Microsoft: about 10x
• Apple: about 12x
• Nvidia: about 70x
⚠️Past performance is not indicative of future results. Markets go up and down. The figures above are for historical reference only and do not constitute investment advice.