China Speakers Bureau

Property remains a major wealth creator - Rupert Hoogewerf

Rupert Hoogewerf

Despite government measures to curb housing speculation, property kept on creating wealth for China's millionaires, says Rupert Hoogewerf or Hurun in the Shanghai Daily, as he publishes his latest report on the country's rich. One in 1,400 Chinese owns over 10 million RMB (1.5 million US dollars) in assets.

"There was speculation on the growth enterprise market but generally the stock markets in both Shanghai and Hong Kong closed almost unchanged at the end of 2010 from a year earlier," he said.
China's gross domestic product rose 10.3 percent in 2010 and new home prices in 70 cities were up 13.7 percent on average from a year earlier, according to official figures. A report by Knight Frank, a London-based property service company, said high-end property prices rose 21 percent in China last year.

"Owning two or three apartments in Shanghai would qualify an individual to be listed," Hoogewerf said.China's measures to curb property speculation may affect wealth, he said, but a small portion of the millionaires still predicted prices to rise 50 percent in the next three years.

Millionaires are more interested in investing in art works and old, traditional villas than the stock market.

More in the Shanghai Daily.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.

Labels: China, China Speakers Bureau, Hurun, real estate, Rupert Hoogewerf

How much spends a millionaire - Rupert Hoogewerf

Rupert Hoogewerf via Flickr

On average half of China's millionaires spend at least one million Renminbi (150,000 US dollar or 100,000 euro), says the latest Hurun report according to Chinese media, composed by Rupert Hoogewerf. That is 11 percent more compared to last year.
In CRIenglish:

Real estate is still the major investment choice of a third of the rich group, despite stricter policies on house buying.

Stocks come second, with 25 percent choosing them compared to 33 percent three years ago.

Meanwhile, many millionaires are choosing to invest in art and unlisted companies - two rapidly growing sectors - according to the report.

The rich also like to spend on watches, diamonds, wine, luxury cars, travel, children's education and entertainment.

More than 50 percent of parents are sending their children to schools in the United States and Britain. Canada ranked third, followed by Switzerland.

More in CRIenglish.

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

Labels: Hurun, Rupert Hoogewerf

Most-sought speakers for November 2010

Kaiser Kuo in 2008 via Wikipedia

Huge changes in this month's list of most-sought speakers, compared to October. Kaiser Kuo gained the top position and certainly made the biggest move this month. As he took his position as director international communication at China's largest search engine Baidu, we feared he might be working more behind the scenes. But for the past month, his valuable contributions kept on surprising us in a pleasant way.
His statement that internet censorship in China was not giving Baidu a competitive advantage over Google irked some, according to the tweets we saw. His argument that the internet is not making us stupid got almost universal approval.
In terms of news the past month has been pretty busy for our speakers. Mostly our radar screen picks up a few quotes per day, but some of our speakers, including Rupert Hoogewerf, Wendell Minnick and Shaun Rein made many appearances.
Two newcomers on our top-10: John van Fleet, or educational and marketing specialist and CEIBS' Annette Nijs entered our list. Welcome.

The overview of the most-sought speakers for November 2010 (October in brackets)
1. Kaiser Kuo (4)

Annette Nijs via Flickr

2. William Overholt (8)
3. Arthur Kroeber (5)
4. Shaun Rein (1)
5. Rupert Hoogewerf (3)
6. William Bao Bean (9)
7. Paul French (2)
8. Wendell Minnick (10)
9. Annette Nijs (-)
10. John van Fleet (-)

Labels: Annette Nijs, Arthur Kroeber, Kaiser Kuo, Paul French, Rupert Hoogewerf, Shaun Rein, Wen Jiabao, William Bao Bean, William Overholt

Entertainment will be leading wealth creation - Rupert Hoogewerf

Hurun by Fantake via Flickr

Now real estate and the retail industry might be calling the shots, in ten years time entertainment will be leading in wealth creation, said Hurun or Rupert Hoogewerf at the presentation of the first Hurun rich list for the entertainment industry, according to the People's Daily.

The Tencent Company, which is headed by Ma Huateng, topped the 2010 Hurun Rich List of the Entertainment Industry. Ma's personal fortune is around 23 billion yuan. The NetEase Company, headed by Ding Lei, ranked second on the list, and Ding's personal fortune totals around 14.5 billion yuan.

Third place was held by the Shanda Interactive Entertainment Limited (SNDA). The company is headed by Chen Tianqiao, whose personal fortune is around 10.5 billion yuan.

Because the instant messaging tools of the Tencent Company captured the Chinese market early on, their market value has reached up to 233.5 billion yuan. According to Hurun, the bulk of Tencent’s profit comes from young Chinese netizens...

The online gaming industry creates the most magnates in the entertainment industry. There were 20 people from the online gaming industry on the list. Rupert Hoogewerf, publisher of the Hurun Rich List and principal investigator, also indicated that the entertainment industry should create the most wealth of any industry within 10 years.

The standard for the Hurun Rich List of the Entertainment Industry is that those on the list should have at least 1 billion yuan and the average wealth was 4.53 billion yuan. For the Hurun Rich List 2010, the threshold was 600 million yuan.

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Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.

Labels: China, China Speakers Bureau, Hurun, NetEase, Rupert Hoogewerf, Shanda, Tencent

Low carbon economy key for private companies - Rupert Hoogewerf

Hurun by Fantake via Flickr

China's private business are starting to look overseas, says China's rich list Hurun founder Rupert Hoogewerf. Key for their global success will be their management style and adaptation of a low carbon economy, he tells Beijing Review.

One of the biggest challenges may come from managing foreign businesses. Chinese managers must find new ways to supervise foreign employees since Chinese management styles may not translate well, or provide a comfortable work environment for international employees. Training methods are already being adapted for managers with foreign staffs, and Hoogewerf expected major breakthroughs to follow in the coming years.

Hoogewerf pointed out the necessity for Chinese private companies to follow the low-carbon economy trend. The low-carbon economy is a social responsibility for everyone, and is being widely embraced by countries worldwide, he said.

Many private enterprises are making more environmentally friendly products to maintain a competitive edge as customers' demands for such products increase. And, generally speaking Hoogewerf said, this trend is progressing much quicker than people think.

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Rupert Hoogewerf or Hurun is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.

Labels: Bamboo Goalposts: One Man's Quest to Teach the People's Republic of China to Love Football, China Speakers Bureau, Hurun, Rupert Hoogewerf

ChiNext created more billionaires - Rupert Hoogewerf

China's one-year old stock exchange ChiNext - comparable with Nasdaq - might not have brought many investors high returns, writes Bloomberg, but has according to Rupert Hoogewerf, composer of the Hurun rich list, increased the wealth and raised the number of billionaires.

The creation of ChiNext helped spark a jump in the number of rich Chinese, said Rupert Hoogewerf, founder of the Hurun Report, which compiles an annual list of China’s wealthiest people.

“This year we’ve found about 400 people with a billion yuan, many of them coming through listings,” Hoogewerf said in an interview in Beijing last month. “We’ve seen ChiNext create a whole lot of new wealth that we didn’t even know existed.”

Local investment banks have benefited too. Fees for ChiNext IPOs average 5.14 percent, according to Bloomberg data, more than double those for first-time sales on the main board in Shanghai. ChiNext offerings have generated 5.17 billion yuan in total fees, the data show.

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Rupert Hoogewerf or Hurun is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.

Labels: China, China Speakers Bureau, ChiNext, Hurun, Nasdaq, Rupert Hoogewerf

Private planes: waiting for China's rich - Rupert Hoogewerf

Beijing today via Wikipedia

The famous Hurun rich list, compiled by Rupert Hoogewerf, is offering private plane flights as awards for the wealthy entrepreneurs. China's rich still need some encouragement to rent a private plane. Prices will be handed out during a ceremony coming weekend in Beijing, Hoogewerf told Xinhua.

"We'd like to show respect to those who devoted themselves to society. Moreover, it will definitely be a wonderful experience to have a trip on a private plane," said Rupert Hoogewerf, sponsor of the prize and founder of the Hurun Rich List of China's super-wealthy.

News reports said that China expects to open up its low-altitude airspace in a few flying-restricted zones on a trial basis...

"If the low-altitude airspace is opened, private jets could not only serve the booming new rich for entertainment, but also expand the commercial market," said Rupert Hoogewerf, adding that some big companies will greatly speed up their business trips if they use private aircraft.

More about the private plane market in Xinhua.

Image by Fantake via Flickr

Rupert Hoogewerf or Hurun

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

Labels: Bamboo Goalposts: One Man's Quest to Teach the People's Republic of China to Love Football, China Speakers Bureau, Hurun, Rupert Hoogewerf

Baidu's Robin Li tops IT-rich list - Rupert Hoogewerf

Hurun by Fantake via Flickr

Apart from real estate and retail, China's IT industry is becoming a major money maker, notes Hurun rich list compiler Rupert Hoogewerf in the People's Daily. Robin Li of the largest search engine Baidu tops his IT-rich list this year.

Robin Li, founder of Baidu, one of the world’s leading search engine companies, topped the Rupert Hoogewerf 2010 IT rich list released yesterday with assets of 31.5 billion yuan. He was followed by Ma Huateng, CEO of the Tencent, China’s leading instant messaging company, and Ding Lei, CEO of Net Ease, who hold property with 29.3 billion yuan and 15.1 billion yuan, respectively.

This was the third time for Li to top the list after taking the No. 1 spot in 2007 and 2008. This time, Li set a record for the most assets held by anyone on the list since it was established.

The Hoogewerf group attributed the strong performance of Baidu to its tripled growth price in the U. S. stock market and the withdrawal of Google from mainland China.

In the People's Daily more details about Tencent, Alibaba and Huawei.

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Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your conference or meeting? Do get in touch.

Labels: Baidu, Hurun, Robin Li, Rupert Hoogewerf

Most-sought speakers for October 2010

Hurun by Fantake via Flickr

It's October and it might not come as a surprise that Rupert Hoogewerf or Hurun has appeared as the largest mover in our most-sought speaker at the China Speakers Bureau. This years' Hurun rich list attracted much attention, as it showed how Chinese women are conquering top positions, how retail is becoming more important and real estate tycoons are losing their financial leverage - although still important.
Rupert Hoogewerf replaced Kaiser Kuo on the third place, as Kuo is now working more behind the scenes of China's largest search engine, Baidu.com.
Not quiet have been our numbers one and two. Shaun Rein was already our most-quoted speaker, but is now appearing in mainstream media at least twice a week. This month he blamed Apple's Steve Jobs for being too US-centric and was caught predicting two, three decades of solid growth for China. Paul French is not that much quoted, but very busy on this book tour, promoting his latest book Fat China. Obvious, with good results.
Worth mentioning is also the staying power of two relative newcomers, Helen Wang and Wendell Minnick. Often, new speakers on our roster are in danger of slipping away into the dark corners of our databases, but both are able to attract enough attention to say in our top ten.
Now, the official top-10 of most-sought speakers for October (September between brackets

.

Labels: China, China Speakers Bureau, Helen Wang, Paul French, Rupert Hoogewerf, Shaun Rein, Tom Doctoroff, Wen Jiabao

Real estate tycoons see wealth drop - Rupert Hoogewerf

Hurun by Fantake via Flickr

Chinese women and retailers might we doing well on the Hurun rich list, compiled by Rupert Hoogewerf, but real estates tycoon saw their wealth shrink by 25 percent, writes the People's Daily and attributes this to successful government efforts to cool down the industry. The People's Daily is the national newspaper of China's communist party.

The Hurun Research Institute's China Property Rich List reported on Tuesday that the 50 richest Chinese property developers have 11.6 billion yuan ($1.7 billion) this year, on average. That's down from the record high of 15.5 billion in 2007, and 12 billion last year...
"The declining wealth shows that China's real estate market is undergoing a major adjustment (through the government's tightening and property price curbs)," it went on.
Wang Jianlin, 56, chairman of the Wanda Group, came in as the property king of kings with a personal worth of 28 billion yuan, at seventh place on the list.
Trailing him is Wu Yajun, 46, of Longfor Property, with a mere 27 billion yuan, making her China's property queen.
So, only two tycoons dealing only in property managed to make it to Hurun's top 10 this year, compared with six last year.
"This year is the first time in 10 years that a property tycoon has not made the top five," said Rupert Hoogewerf, founder and compiler of the Hurun Report

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Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your conference or meeting? Do get in touch.

Labels: China, China Speakers Bureau, Hurun, real estate, Rupert Hoogewerf

Retail galores among billionaires - Rupert Hoogewerf

A shop of Suning Appliance in Changsha, Hunan

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 the latest Hurun Rich List, composed by Rupert Hoogewerf. Real estate is still the largest wealth creator, despite the change. He estimates that this year the number of billionaires in China is for the first time larger than in the US.

The Wall Street Journal lists some of the winners in retail:

Take Zong Qinghou, the 65-year-old chairman of the China’s leading beverage company Hangzhou Wahaha Group, who rode the country’s thirst for bottled water, fruit juice and milk-tea to $12 billion in total assets and the top spot on Hurun’s list – up from number 12 last year. Domestic demand for food and beverages gave rise to four others who ranked in the country’s top 100 billionaires, including fifth richest Yan Bin, who owns the rights to sell energy drink Red Bull in China.

The food-and-beverage crowd aren’t the only ones prospering from the rise of the Chinese shopper. Of the 1,365 Chinese individuals worth over $150 million, Hurun says 95% earned their riches on the backs of domestic consumers.

Web users catapulted Robin Li Yanhong, the 42-year-old co-founder and chief executive of search engine Baidu, to fifth (tied with Yan at $5.3 billion). Ma Huateng, founder of Internet portal Tencent, trails only slightly behind with $4.7 billion. Meanwhile, Zhang Jindong, founder of household appliance retailer Suning, is positioned at seventh with $5 billion, thanks to a stronger market for washing machines and air conditioners.

Fatter wallets have also given the Chinese the chance to buy more clothing, helping to increase the wealth of apparel makers, such as Zhou Chengjian, founder of clothing retailer Metersbrowne, who hit number 25 with $3.5 billion, and Ding Shizhong, chairman of sporting goods company Anta, whose $3.1 billion put him at 37th.

More in the Wall Street Journal.

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Hurun by Fantake via Flickr

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

Labels: Baidu, billionaires, China, China Speakers Bureau, Hurun, Rupert Hoogewerf, suning, wahaha

Chinese women top the rich list - Rupert Hoogewerf

Winfrey on the first national broadcast of The...

Oprah: beaten by Chinese women via Wikipedia

Rich Chinese women are not only leading China's rich list, but worldwide, says Rupert Hoogewerf or Hurun, composer of the Hurun China Rich List today in the Strait Times.

MORE than half of the 20 richest self-made women in the world are Chinese, with their average fortune beating that of US talk show host Oprah Winfrey and author JK Rowling, a list showed on Tuesday.

The three richest women on the planet are Chinese, led by paper-recycling queen Zhang Yin who has a personal fortune of US$5.6 billion (S$7.32 billion), according to the Shanghai-based Hurun Report, which compiles data on wealthy individuals.

Of the 20 richest self-made female billionaires, 11 are Chinese with an average wealth of US$2.6 billion - compared with Winfrey who ranked ninth on the list with US$2.3 billion, the report said....

Mr Hoogewerf partly attributed the success of Chinese women in business to the government's one-child policy and free childcare provided by many grandparents, which has enabled them to spend time building their empires. 'That makes a huge difference,' Mr Hoogewerf told AFP, adding that China's long acceptance of women working outside the home has been another significant factor in their success.

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Hurun Fantake via Flickr

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your conferen
ce or other meeting? Do get in touch.

Labels: China, China Speakers Bureau, Hurun, rich, Rupert Hoogewerf

China's rich: no time to spend money on charity - Rupert Hoogewerf

The Snowball: Warren Buffett and the Business ...

Image via Wikipedia

China's wealthy are just in the middle of making money, spending it has hardly crossed their minds, says Rupert Hoogewerf, who is going to release his official Hurun or China's rich list later this month. "They are too young."he tells CNN.
Last week, US billionaires Bill Gates and Warren Buffett visited Beijing to check out the climate for charity in China. In CNN:

The average age of someone on China's super rich lists is 51, about 15 years younger than their Western counterparts, says Rupert Hoogewerf, chief researcher at Hurun Report.

"Chinese entrepreneurs have made their money very quickly and they haven't really had time to think about how to spend it -- they are still in wealth-creation modes," he said.

Gates and Buffett acknowledge the challenge, but remain optimistic....

"Gates and Buffett are the two biggest authorities on the subject. By coming to China to talk about it, they have sown the seeds in very fertile ground," Hoogewerf said.

Update: In addition, Rupert Hoogewerf told Reuters:
“The main reason is because there is an inherent mistrust in giving your money to any third party to pass it on. They’re convinced that for every 100 that they give, the end party won’t receive anything near that 100,” he said.

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

Hurun by Fantake via Flickr

Labels: Bill Gates, charity, China, China Speakers Bureau, Hurun, Rupert Hoogewerf, Warren Buffett

Zong Qinghou, richest man in China - Rupert Hoogewerf

Hurun by Fantake via Flickr

Zong Qinghou, founder of China's largest soft drink producer Wahaha, has become the richest man of China in 2010, announced Rupert Hoogewerf or Hurun, maker of the China Rich List today, according to AFP. Zong not only gained financial, but also politically by taking on the French former partner Danone.
The announcement comes as China's rich gather at a dinner by US-billionaires Bill Gates and Warren Buffet in Beijing for their Chinese equals. Zong will be one of them.
According to AFP:

Zong, 65, leapt 11 places to top the Hurun Rich List, said Rupert Hoogewerf, founder of the Shanghai-based Hurun Report, which publishes the annual list of the richest Chinese with personal wealth of at least 150 million dollars.

Zong's climb up the rankings comes a year after French food giant Danone ended its long-standing feud with Wahaha, by agreeing to sell its 51 percent stake in their joint ventures.

Danone had accused Zong of breaching an agreement after he set up an entire production and distribution network in parallel to the French firm's joint ventures with Wahaha.

The whole list will only be published in October.

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Rupert Hoogewerf or Hurun is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.

Labels: China, China Speakers Bureau, Hurun, Rupert Hoogewerf

China's rich give differently - Rupert Hoogewerf

Rupert Hoogewerf via Flickr

China's rich give also part of their wealth away, says Rupert Hoogewerf of the China's rich list at the eve before Bill Gates and Warren Buffet hit the stage in Beijing in the New York Times. But they do it in a different way.
While the rich in the US have been increasingly vocal on how they give their increasing fortunes to charity. China's rich have been fairly silent on the initiative to get more millionaires behind the Gates-Buffet initiative. But that does not mean China's wealthy are sitting on their capital, says Rupert Hoogewerf or Hurun of the China Rich List.

“The Chinese have been very generous for a long period of time,” Rupert Hoogewerf, who publishes Hurun Report, said by telephone. “The difference has been that they do it between families, and don’t publicize it. What we’re seeing now is a new era of transparency.”

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Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.

Labels: charity, China, China Speakers Bureau, Hurun, Public Speaking, Rupert Hoogewerf

Most-sought speakers for August 2010

Shaun Rein by Fantake via Flickr

The summer holidays and the summer heat forced many to lay low - we noticed from the traffic to our websites - with one exception: Shaun Rein. Almost no day passed without Shaun sharing his views on mainstream TV-stations or on Forbes and Business Week. No wonder he rose to the first place again in our top-10 of most-sought speakers for August 2010. (You can see our listing for July here.)
Shaun Rein covered a wide range of subjects: sex and porn, the stress test for banks, the China blame game of Western media, the lack of savings, and many more subjects. (See also our speakers' corner).
Kaiser Kuo has his first full month as director at China's leading search engine Baidu. And although we miss his opinion leadership in the mainstream media, he still maintained a firm second place. Otherwise, for those who are following our speakers, not that many surprises in this month's top-10 (July 2010 in brackets).

Labels: China, China Speakers Bureau, Paul French, Public Speaking, Rupert Hoogewerf, Shaun Rein, Tom Doctoroff, Victor Shih, Wendell Minnick

CSR program adds to competitiveness - Rupert Hoogewerf

Hurun by Fantake via Flickr

Programs for corporate social responsibility (CSR) adds to the competitive advantage of companies in China, says Hurun or Rupert Hoogewerf in his latest report. Most of the top-50 companies in his CSR list are domestic, says he says in the Shanghai Daily.Over 30 companies were domestic, the others foreign multinational companies.

The list is based on a survey of 50 leading CSR experts in China.

Bayer stood out as the company with the most respected CSR program among multinational firms, followed by HSBC and Intel.

Domestically, Vanke, Lenovo and China Mobile held the top places.

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Rupert Hoogewerf, better known as Hurun, is a speaker at the China Speakers Bureau. When you need him at your meeting of conference, do get in touch.

Labels: Bayer, China, China Mobile, China Speakers Bureau, HSBC, Hurun, Intel, Rupert Hoogewerf, Vanke

Wednesday, April 13, 2011

Property remains a major wealth creator - Rupert Hoogewerf

Thursday, January 13, 2011

How much spends a millionaire - Rupert Hoogewerf