Why does the god of wealth cover his head with red cloth?

The god of wealth covers his head with a red cloth to show respect and good luck.

Respect: Red symbolizes joy and respect. Wearing red cloth on the head of the statue of the god of wealth can show respect for the god of wealth.

Geely: Red can ward off evil spirits, protect the statue of God of Wealth from dust and dirt, and also ward off evil spirits and bring good luck to people.