China’s entrepreneurs have changed in a few decades from outcasts into role models for the youth, Hurun-founder Rupert Hoogewerf tells the BBC. Making money has become fashionable.
Category Archives: billionaires
Women in China have become a major force among the country’s super spenders, writes Shaun Rein in CNBC. When you want to tap into China’s booming market, that is a group you have to understand.
China’s efforts to cool the economy make it harder for the country’s millionaires and billionaires to spend their capital, writes Shaun Rein in CNBC. So, what do they do when they can only buy one house? They buy a really huge one.
Unlike their US counter parts, Chinese rich mostly work to get their capital together and to not inherit, reveals the latest Hurun Report, produced by Rupert Hoogewerf or Hurun. China has 56 billionaires under the age of 40
The number of millionaires (in US dollars) in Shanghai has been growing fast and the city now counts 80 billionaire, the latest Hurun report, composed by Rupert Hoogewerf, shows, according to the state media here and here. Real estate continues to contribute greatly to the growth of wealth.
Chinese have spent last year 13 billion US dollar on luxury goods, but only 40 percent in China itself, says Shaun Rein in CNBC. Because of the high tariffs luxury goods, including cars, are 20-30 percent more expensive on the mainland. “They are shooting themselves in the foot.”
Hurun by Fantake via Flickr Chinese women and retailers might be doing well on the Hurun rich list, compiled by Rupert Hoogewerf, but real estates tycoon saw their wealth shrink…
Retail galores via Wikipedia Real estate might be dominating much of the economic debate in China, retail seems increasingly a good way to become a billionaire as consumption grows, shows…