They drink bottles of Â£5,000 champagne, travel around on their private jets and don’t think twice about splurging out on Â£16,ooo rings – meet the kids of Beijing that are filthy rich.
Their spending habits are so outrageous in fact, that China’s president has even taken steps to rein them in himself.
Earlier this month, President Xi Jinping attempted to crack down on ostentatious bragging by young ‘fuerdai’, which translates as ‘rich second generation’, by introducing a ban on wealthy kids appearing on reality TV shows.
But, his efforts may be going to waste if the continued flaunting of wealth on social media is anything to go by.
Take a look at these extremely spoilt youngsters making the most of their millions.
Venturing out on their multi-million dollar boats is a regular occurrence for these lucky individuals.