Guo Guangchang was the latest of China´s tycoons to get in trouble with the authorities. But the number of billionaires getting into the anti-corruption net is actually pretty low, says Hurun China Rich List founder Rupert Hoogewerf to Reuters. Lower than the number of government officials.
The surprise arrest of China´s Warren Buffet, Guo Guangchang, the chairman of Fosun international, has shocked the private sector, tells Rupert Hoogewerf, founder of the Hurun China Rich List at the International Business Times.
Luxury spending might have been hit by Xi Jinping´s anti-corruption campaign, but travel is on the way up. Rupert Hoogewerf just published his 5th China Luxury Travel Report and sees the super rich spending more time and money on more trips. Technology and luxury travel agencies set the trends, he tells Thoughtful China.
Zhou Qunfei, owner of Lens Technology, now China´s richest woman, is yet another rags-to-richest story from China. Ambition and success have been on her path, tells Hurun China´s rich list founder Rupert Hoogewerf to the Australian Financial Review. Ambition and taking risk is what most rich women have in common, he says.
China´s rich have often been blamed for spending less on charity compared to their compatriots in other countries. But slowly, things are changing, says Rupert Hoogewerf, founder of the Hurun China Rich list in the Guardian. “Philanthropy is becoming more sophisticated now,” said Hoogewerf. “The main cause they give to is education.”
Two years ago China Rich List founder Rupert Hoogewerf or Hurun was the first to disclose that two-third of China´s rich had or wanted to have a foreign passport. That pull by foreign countries has not diminished, he tells in Ibtimes, but because multi-entry visa are easier to get, many do not need another nationality to live outside China.
Beijing rich does not always mean having a lot of cash at hand, unless your are one of the bigger property tycoons in China, says China Rich List founder Rupert Hoogewerf in the Hong Kong Standard. “I am interested to know how they are going to spend the money.”
Wang Jianlin, chairman of the China Wanda Group, tops the 2015 Hurun Property Wealth List, with 120 billion yuan (US$18.9 billion) in real estate. Property tycoon have been doing really well, says Hurun founder Rupert Hoogewerf in the China Daily, despite the relative drop in China´s growth.
China might already have produced more billionaires in 2015 than the US, in the category self-made billionaire women China does even better, according to the latest Hurun Richest Self-Made Women in the World 2015 report. They are a benchmark for women in business, says Hurun founder Rupert Hoogewerf in the Shanghai Daily.
Economic growth in China might be slacking, but the number of billionaires has grown in a record speed, says Hurun founder Rupert Hoogewerf in his latest report. With more than 200 billionaires more in one year, China overtook the number of US billionaires, he tells AFP.