Bloomberg Originals
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The U.S. Town Every Chinese Millionaire Wants to Live In
Posted
October 16, 2014
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27,083
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October 16, 2014
27,083
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1:05Now PlayingOct. 16 (Bloomberg) -- In South Pasadena, California, an estimated 1 or 2 homes will be demolished this year and replaced with mansions. Just a few towns away in Arcadia, that number jumps up to 150 homes. Many of the new residents come from China’s rising millionaires. Bloomberg Businessweek explores why Arcadia, and why now. (Source: Bloomberg)
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