Rupert Hoogewerf

The number of philanthropists on the annual Hurun Philanthropy List keeps on growing, despite the financial problems many have. The Country Garden founder and his daughter top in 2023, says Rupert Hoogewerf, chairman and chief researcher of Hurun Report with 34 tycoons making the 100 million yuan threshold, according to the South China Morning Post.

The South China Morning Post:

The founder and chairman of indebted property developer Country Garden top a list of 34 Chinese business magnates who each promised to give away at least 100 million yuan (US$13.7 million) to charitable causes in the last year…

The troubled, debt-ridden real estate sector is still the “main source of donations” on the philanthropy list, as well as the main source of wealth on Hurun’s list of rich individuals, said Rupert Hoogewerf, chairman and chief researcher of Hurun Report…

“Whilst philanthropy is not keeping up with wealth creation, the number of individuals donating 100 million yuan or more in a year has risen to 34 this year from two 20 years ago,” Hoogewerf said.

More in the South China Morning Post.

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