China’s millionaires have discovered luxury cars as a favorite hobby, and own on average three cars per family. Hurun Rich List founder Rupert Hoogewerf got the figures together in his latest Hurun Report, he tells AFP.Read More →
Real estate and stocks might still top the investments of China’s rich, alternative investments like art, jewelry, fine wine and watches are gaining ground, according to Rupert Hoogewerf, in a new report of the Hurun Rich list, released this week, writes the Global Times.Read More →
For the second consecutive year donations by China’s philanthropists have dropped, Hurun Rich List publisher Rupert Hoogewerf told the Shanghai Daily. the top 100 contributed US$890 million in the past 12 months, a drop of 44% compared to 2012, and 53% compared to 2011, a year with many natural disasters.Read More →
The majority of China’s billionaires sent their kids abroad for education, an international outlook, to prepare to take over their business later, tells HURUN China Rich list founder Rupert Hoogewerf in the China Daily.Read More →
The world’s most successful luxury tycoons can be found in Paris, like Bernard Arnault of LVMH and Liliane Bettencourt of L’Oreal. Most of the luxury goods market is funded by Chinese shoppers, tells Hurun China rich list founder Rupert Hoogewerf in the People’s Daily.Read More →
Economic uncertainly and slower growth has not slowed down the growth of wealth, told China Rich list Hurun founder Rupert Hoogewerf on Friday in the Asian Financial Review. “Wealth is back.”Read More →
Getting in favor of China’s rich is easier for some brands than others. Retail analyst Paul French explains in Business Week why the plan to make champagne a hit, like cognac is already, might not work in the Middle Kingdom.Read More →
Money does not make happy, says the saying. China’s rich are now discovering that truth as the latest Hurun report indicates a dropping happiness among China’s rich. Insecurity is on the rise, tells Hurun founder Rupert Hoogewerf in CNN.Read More →
The UK might be lagging when it comes to attracting average Chinese tourists, the country is certainly successful in attracting the wealthy section of the Chinese. Key driver were the Olympics, estimates Hurun rich list founder Rupert Hoogewerf in the Telegraph.Read More →
Expensive watches and liquor are on the watch list, as China is going through an anti-corruption drive, tells Hurun Rich list founder Rupert Hoogewerf Reuters. Less-expensive gifts are the trend.Read More →
Crisis or no crisis, luxury cars are doing very well, also in China where the number of super-rich keeps on growing. China’s rich list founder Rupert Hoogewerf bets on the country’s luxury market and especially German cars, he tells The National.Read More →
Shopping in a secluded environment of private houses for sometimes personalized high-end items adds a new feature to the way how wealthy Chinese prefer to spend their money. Retail analyst Paul French comments in the Sydney Morning Herald on a new feature.Read More →