The story China´s rich send their kids abroad is not new, but their numbers are growing and the ages of the kids are dropping, found the latest Hurun report. And says Hurun founder Rupert Hoogerwerf, they go to more different countries, he tells at Yibada.com
Category Archives: billionaires
China´s economy is diversifying fast, where some foreign companies win, others lose. WSJ´s weath editor Wei Gu talks with former China economist Ben Simpfendorfer. While growth is still high, some industries do better than others. “There is no longer a single China.”
Author Mario Cavolo of China: The Big Lie?: The Truth of Trillions in a Culture of Cash explains in the China Economic Review why China and the Chinese are less poor than many expect. China has a cash economy, he argues, where trillions are hidden from the eye.
Finance and real estate produce most of the rich women in China, according tot the new 2014 Hurun China’s Women Rich List, with Yang Huiyan for the fourth time as number one. Women billionaires differ from the men in several ways, Hurun founder Rupert Hoogewerf told in WomenofChina.
The arrival of Alibaba´s Jack Ma at the top of the Hurun rich list, is part of a profound economic change in China, says Hurun founder Rupert Hoogewerf. New billionaires will be coming from new media and entertainment, while real estate, manufacturing and mining will lose their old positions, he tells in China Economic Net.
After Alibaba´s IPO, its founder Jack Ma now tops China´s Hurun rich list, says Hurun founder Rupert Hoogewerf to the BBC. “The entrepreneurial spirit that has caught China seems not to be abating”. Jack Ma has now a fortune of US$25 million.
Alibaba´s IPO might have made a lot of people and banks more wealthy, especially Hangzhou – the birthplace of the eCommerce giant – will benefit. Rupert Hoogewerf, founder of the Hurun rich list, expects more expensive sport cars in the Hangzhou streets, he tells in USA Today.
Where are China´s rich spending their money? Health care proves to be one of the major winners, show the annual Hurun rich report. Pressure on the rich is mounting, says Hurun founder Rupert Hoogewerf at CCTV, and so is their need for health care.
Fifty percent of China´s rich are planning to leave the motherland within five years, shows a new study. WSJ´s wealth editor Wei Gu dives into the figures of the Barclay survey. It shows also that the world´s rich tend to be pretty mobile.
Making money does not yet mean you know how to behave in an international setting of fellow rich, China´s multimillionaires have discovered. Rupert Hoogewerf, founder of the China Rich List, sees a watershed in the community he studies, he tells Australian Financial Review.