The purchase of world’s largest yacht-maker Ferretti Group to a Chinese bulldozer maker Shandong Heavy might be taken a another sign of China’s drive to go global, China’s rich still have to discover the excitement of of yachting, tells Hurun founder Rupert Hoogewerf in Bloomberg. China is not a natural home market.
While there were as many as 400 dollar billionaires in China, the country only had about 100 Chinese-owned yachts longer than 60 feet as of May, according to Rupert Hoogewerf, who compiles the Hurun Report of wealthy Chinese. There were more than 7,000 yachts that size in the U.S. in 2006.
More about the Feretti Shandong Heavy deal in Bloomberg
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- China has more billionaires than the US – Rupert Hoogewerf (chinaherald.net)