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the money tree

Often celebrated as a lucky charm for wealth and prosperity, the money tree is better known botanically as Crassula ovata, or the jade plant. This beloved succulent comes from Southern Africa but has become a favourite in New Zealand homes and gardens for its striking appearance and practically carefree nature. Loved for its fleshy green leaves, architectural branching, and reputation for attracting good fortune, the money tree is as easy to grow as it is rewarding.

Crassula ovata

Crassula ovata (Money Tree) is a popular succulent known for its thick glossy green leaves and tree like structure. It is widely grown in New Zealand as an indoor plant and in warm outdoor conditions. Valued for its easy care nature and long lifespan, it is ideal for containers, patios, and low maintenance gardens.

crassula-ovata-
  • Suited to regions:
    Subtropical, Temperate
  • Plant type:
    Succulents
  • Height:
    1.00 m
  • Spread:
    1.00 m
  • Flowering time:
    Summer, Winter
  • Tolerances:
    Extended dry periods
  • Garden uses:
    Borders, Containers, Living areas, Paths & Steps, Patios, Pool areas
  • Garden styles:
    Architectural, Backyard, City & Courtyard, Frontyard, Mediterranean, Modern
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What Makes the Money Tree Unique?

The money tree stands out among houseplants for its thick, oval-shaped leaves that sometimes develop a rosy tinge along their edges when exposed to bright sunlight. Over time, mature plants can take on a charming, tree-like shape with gnarled trunks, which is why Crassula ovata is often used in bonsai arrangements. Their robust nature means they’re well-suited to both beginners and experienced plant lovers.

The money tree’s reputation as a bringer of wealth stems from traditional beliefs, especially in Feng Shui, where it’s thought to attract positive energy and financial luck. Whether you grow it for its beauty or good fortune, it’s easy to see why this succulent remains a staple in Kiwi homes and offices.

How to Grow and Care for Your Money Tree

Crassula ovata is prized for its low-maintenance requirements. Place your money tree in a spot with bright, indirect light—an east or north-facing window is ideal. While it can tolerate some direct sun, the leaves may scorch if exposed to harsh midday rays. Water sparingly, allowing the soil to dry out completely between waterings, as the money tree is susceptible to root rot if overwatered.

Use a free-draining potting mix formulated for succulents and repot only when the plant has clearly outgrown its container. Feed sparingly in spring and summer using diluted succulent fertiliser.

For those looking to expand their collection, smaller cultivars such as Crassula ovata minima are perfect for compact spaces and add textural interest to container gardens.

The Money Tree and Other Crassula Varieties

If you love the look of the money tree, explore the incredible variety within the Crassula family. For silvery-blue leaves, Crassula arborescens is a stunning choice. The trailing Crassula sarmentosa Comet features variegated leaves and works beautifully in hanging planters. Crassula pellucida variegata offers delicate, heart-shaped leaves with delightful colour contrasts. Or, enjoy the unusual, spiky form of Crassula lycopodioides.

Pairing your money tree with other succulents such as Aloe vera and Haworthia resendeana gives your indoor garden more character while keeping care simple.

Uses and Benefits of the Money Tree

The money tree is renowned not just for its appearance but also for its versatility. Use it as a statement houseplant, a miniature tree in a bonsai tray, or as part of an outdoor succulent garden. It’s known to purify the air and can thrive on windowsills, office desks, or patio tables.

With its easy growth and enduring symbolism, the money tree (Crassula ovata) is the perfect way to cultivate healthy greenery—and perhaps a little extra good luck—in your home. Nurture yours alongside other unique succulents like Mangave Purple People Eater or Dyckia Grand Marnier for a striking, low-maintenance display.


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Whether you need assistance finding the plant you’re looking for or you simply want to know more about who we are and what we do, we invite you to get in touch with us today. A member of The Plant Company team will get back in touch as soon as possible.

You’ve probably heard of our garden favourites like Zephyranthes candida and Griselinia 'Ardmore Emerald', but did you know we also grow hidden gems like Podocarpus Maki (Fern Pine), Radermachera sinica, and Cornus kousa 'Satomi'?
–The Plant Company

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