From fly fishing to cycling — the new popular pastimes of the ultra-rich

Fly fishing is a popular way to spend time for the ultra-rich.

The images are from GROGL.

The ultra-rich like to spend their time on yachts, golf courses, and ski resorts.

The activities on the top ten pastimes of centi-millionaires may be more surprising.

According to research by wealth intelligence firm New World Wealth, fishing and cycling are two of the top ten favorite ways to spend time with the ultra-rich.

Golf and art collecting are more popular than skiing and cycling. The top 5 are horse riding, fishing, classic car collecting, hunting, and yachting.

It might be hard to imagine a group of people standing in a river waiting for a fish to bite, or a group of people biking down a mountain biking trail, but the activities have become more popular.

According to New World Wealth, both cycling and fishing were lower on the list back in 2000.

Fly fishing was popular among people who fished. The United States, Scotland, and New Zealand are some of the places fly fishers like to visit.

Fly-fishing in the ocean is becoming more popular. Australia, the Caribbean, and the South Pacific are some of the top places for this.

Wine collecting has been pushed out of the top ten by watch collecting. According to an article on their website, some of the ultra-rich will spend as much as $1 million on a single watch.

The report said that these individuals are usually the founder of successful companies or the CEO of large multinational organizations.

Centi-millionaires have their own jets and boats. Private family offices manage their assets and finances, and they typically have three or more homes that they move between.

Almost 10% of centi-millionaires living in the US are from the top 10 wealthiest cities in the world, according to the report. China, India, the U.K., and Germany are the other countries.

The population of this group of rich people is increasing.

Over the past two decades, their numbers have doubled. In India, the number of centi-millionaires is expected to surge by up to 80% in the next decade.

The growth of centi-millionaires in Asia will double that of Europe and the USA over the next 10 years, according to a report.