Millionaires tend to be ‘dog people’ rather than ‘cat people’, new research has revealed.
A study carried out by Spectrem Group in the United States looked into the pet preferences of hundreds of high-flyers.
Notably, of those polled, 70 per cent of those who owned a pet had a dog, while only 37 per cent of all pet owners had a cat.
At the same time, the study also found evidence to suggest that dog owners are more likely to share their wealth with their four-legged companions, with 25 per cent of millionaire dog owners spending more than $2,000 a year on treats such as luxury dog food and accessories for their pooches
Meanwhile, the study also revealed that just three per cent of US millionaires keep pet fish, while a surprisingly small proportion – just two per cent – own a horse.
Famously, Bill Gates, the second-richest man in the world, owns both a dog and two cats.