Spending might be down, under the pressure of an ongoing anti-corruption drive, but the number of super-rich in China is going up, according to Rupert Hoogewerf, founder of the Hurun China rich list at AFP. Beijing is still leading before Shanghai and Guangdong.
The costs of luxury goods are becoming more expensive, faster than the inflation rate, is one of the conclusions by the newest Hurun Luxury Consumer Price Index. Quality is taking over from quantity, suggests Hurun founder Rupert Hoogewerf in the Shanghai Daily.
Tencent has become China´s most valuable brand in 2014, according to the latest Hurun report. A sign private companies are taking over the previously powerful position of state-owned companies tells Hurun founder Rupert Hoogewerf in the China Daily.
Rupert Hoogewerf, founder of the Hurun rich list, was one of the first to signal China´s rich are leaving the country massively. Now he has dived further into the motives, and found that finding good education for their children is one of the most important reasons, he tells in Fortune.
Classic tourists destinations like France are out for China´s rich, as they focus on more exotic destinations like the Arctic and Africa, reports the Wall Street Journal based on a new report by Rupert Hoogewerf´s Hurun Rich list. Only Switzerland survives in Europe.
Zeng Fanzhi, 50, is China´s best selling artist alive today with sales of US$84 million, according to the Hurun Art list 2014, published earlier this month together with Artron. The list offers an objective benchmark of Chinese artists, says its founder Rupert Hoogewerf in 4Hoteliers.com.
China´s billionaires not only spend a huge part of their money on luxury cars, they also make it from the car-industry, says Rupert Hoogewerf, founder of the Hurun Rich list in the China Daily.25 Percent of the super-rich in the automotive industry come from China.