Wednesday, October 10, 2007

Hurun identifies 106 billionaires in China



Rupert Hoogewerf, in China better known as Hurun, identified in his annual report on China's richest 106 billionaires, up from 15 last year, writes Bloomberg.
According to Hoogewerf, who is also a Chinabiz Speaker, he has found only a part of China richest:
"China may have 200 billionaires, we just haven't identified them yet -- there are a lot of people out there who don't report their assets,'' said Rupert Hoogewerf, who has produced the list since 1999. ``The new wealth we haven't discovered yet is lying in the stock markets.''
His report was released yesterday, one day after Forbes came with a similar report. Both reports identify Yang Huiyan, the 26-year old daughter of a real estate developer, as China's richest person, with assets worth US$ 17.5 billion.

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