Rupert_in_actionImage by Fantake via Flickr

Rupert Hoogewerf, compiler of the Hurun Rich List, describes China’s growing number of billionaires as its “new  nobility, in the Global Times.

The Global Times:

In his eyes, a billionaire in Beijing should usually own three houses, a villa in suburb, a condominium in the urban field and a courtyard house, as well as an art collection of some kind.

A survey from the Hurun report showed that a billionaire in Beijing consumes 6.88 million yuan worth of goods a year.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. When you need him at your conference, do get in touch.

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