China Herald: Chinese top world rich list by 2020

Rupert Hoogewerf

This year the Chinese outnumbered the American billionaires, but by 2020 they will replace the top spots at the global rich list, says China Rich List founder Rupert Hoogewerf in the People´s Daily. Hoogewerf predicts Jack Ma, founder and CEO of China's E-commerce giant Alibabagroup will overtake Wang Jianlin, the property tycoon, as the wealthiest person on the Chinese mainland.

The People´s Daily:

Widely-known in China as Hurun, Rupert Hoogewerf, a British businessman and founder of the Hurun Rich List, predicts the richest person in China will also become the world's richest by 2020.

According to the latest report released by the Hurun Research Institute, China has beaten the United States in the number of billionaires, which Hoogewerf believes is a critical turning point for Chinese entrepreneurs.

Chinese entrepreneurship will also come into the spotlight, Hoogewerf said. He notes the richest people in the United States has rarely changed in the past decade,while 12 Chinese people have achieved the title over the past 17 years.

Hoogewerf predicts Jack Ma, founder and CEO of China's E-commerce giant Alibaba group will overtake Wang Jianlin, the property tycoon, as the wealthiest person on the Chinese mainland. He believes Wang's other potential rivals on the list include Chinese internet entrepreneur Pony Ma, founder and CEO of Tencent Holdings, one of the largest Internet companies in China, and Lei Jun, founder of Xiaomi, a phone maker known for its affordable models.

More in the People´s

Daily. Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

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