Sales of living Chinese artists at auctions dropped with almost half in 2015, reports the Hurun Art List 2016 this week. Causes: a slowing economy and the anti-corruption drive, tells Hurun chairman Rupert Hoogewerf to AFP.
To understand China, you have to understand the wealthy in the country, says Hurun Rich List founder Rupert Hoogewerf in the China Daily. By analyzing their lives, Hoogewerf hopes to add to transparency, he says.
China´s campaign against corruption is no longer limited to state-owned companies and organizations, but increasingly turns against private companies too. A logical development, tells China rich list founder Rupert Hoogewerf in the Financial Times in an article about Fosun founder Guo Guangchang.
Beijing is now having more (US$) billionaires than New York, says Hurun rich list founder Rupert Hoogewerf in his latest report, according to AP, despite the fierce drop in stock prices of the last six months. “People will look at China the same way that people looked at Stanford or Silicon Valley in the 1990s.”
Rich Chinese think their cars represent the way they stand in society. But Rupert Hoogewerf, founder of the Hurun Rich List, found out there might be a huge difference between the car owners and the rest of the Chinese, he tells the Shanghai Daily.
While the luxury good suffer from the anti-graft crackdown, what the Chinese buy, they buy increasingly abroad, says China Rich List founder Rupert Hoogewerf at the presentation of his eleventh Hurun Best of the Best Awards 2015, a benchmark for the luxury sector, according to the Shanghai Daily.
China´s rich are increasingly looking for challenges, also when it comes to their holidays, says the Hurun Report Chinese Luxury Consumer Survey 2016. The wealthy entrepreneurs are keen to test their limits, says Hurun founder Rupert Hoogewerf in the China Daily, preferring adventure sports over riding and sailing.
Good education for their children, overseas investments, fresh air and safe food. China´s rich have been going abroad in larger numbers, and Hurun China rich list founder Rupert Hoogewerf sees – despite an slowing economy – those numbers rise, he tells MarketWatch.
When you look at western media report about Rupert Hoogewerf, the founder of the almost two decades old Hurun rich list, following the Chinese super rich, you have to be impressed. But this is just the top of an iceberg, as he attracts even more attention from the Chinese media, as this poster shows (with Rupert on the right).