PROPERTY IS BIGGEST SOURCE OF WEALTH FOR CHINA’S RICH

• REAL ESTATE SOURCE OF MOST WEALTH ON HURUN 1000 WITH 23.5% OF INDIVIDUALS, FOLLOWED BY MANUFACTURING ON 19.1% AND FINANCIAL INVESTMENTS ON 6.7%
• RECORD YEAR FOR REAL ESTATE, IT, PHARMACEUTICALS, RETAIL, APPAREL, FOOD AND BEVERAGE
• BEIJINGTAKES OVER FOR FIRST TIME AS CITYOF CHOICE FOR REAL ESTATE, IT AND RETAIL INDUSTRIES
• INDIVIDUALS WITH REAL ESTATE GROWS FOR FIRST TIME IN 13 YEARS, BY 3.4% TO 23.5%. IN 1999 FIRST YEAR, WAS SOURCE OF WEALTH FOR 50% OF LIST
• COMMODITIES, HEALTHCARE, IT AND RETAIL SHOW FASTEST GROWTH
• ENTERTAINMENT AND IT HAVE HIGHEST PROPORTION OF LISTED COMPANIES
• ENTERTAINMENT HAS YOUNGEST RICH-LISTERS WITH AN AVERAGE AGE OF 45, 6 YEARS, COMPARED WITH 51 YEARS OVERALL
• NEW LISTINGS… HEALTHCARE AND RETAIL LEAD THE WAY WITH 12 AND 7 INDIVIDUALS ON RESPECTIVE INDUSTRY RICH LISTS
• SPORTS WEAR SUFFERS BIG LOSS
• 15% HAVE OFFICIAL POLITICAL POSITIONS IN THE TOP 50 IT GOES UP TO 30% AND 50% IN TOP 10.

(22 September 2011) The Hurun Research Institute today released the Hurun Rich List 2011, the thirteenth annual ranking of the richest individuals in China since Hurun Report founded the China Rich List in 1999. Today’s release focuses on the sources of wealth by industry and geography and is a sequel to that of 7 September, in which the Hurun Top 50 was released. Wealth calculations are a snapshot of 15 August 2011. The Hurun Rich List 2011 is sponsored for the third year running by Hainan Clearwater Bay, a leading luxury property development based in Hainan Island.

Rupert Hoogewerf, Chairman and Chief Researcher said, “Property remains the biggest source of wealth for the Hurun 1000 but the fastest growing is commodities, healthcare, IT and retail.”

Political affiliation

152 individuals of the Hurun 1000 hold official political offices, made up of primarily of 75 delegates to the National People's Congress, and 72 delegates to the CPPCC.  The richer they are, the more political positions they have with 30% of the Hurun Top 50 holding official political offices, and five of the Hurun Top 10.

BY INDUSTRY

Source: Hurun Rich List 2011

PROPERTY

Property is still the biggest source of wealth for the Hurun 1000, with 23% counting property as one of their main industries.

The Hurun Property Rich List is a listing of the Top 50 richest individuals with holdings today in property.

The cut-off to make the Hurun Property Top 50 has risen to US$1 billion, the highest on record.

Xu Jiayin, 53, is the new Property King, taking on the mantle of Wang Jianlin, last year’s Number One, who dropped down to second place.  In third place is China’s richest woman, 47-year old ‘Property Queen’ Wu Yajun.

Source: Hurun Property Rich List, an industry list of the Hurun Rich List 2011.

IT

The Hurun IT Rich List is a listing of the Top 50 richest individuals with holdings today in IT.

The cut-off to make the Hurun IT Top 50 has risen to US$410 million, the highest on record, with 21 individuals now US$ billionaires.

Robin Li Yanhong at 43 years continues to lead the way, closely followed by Pony Ma Huateng. Google’s withdrawal from the Chinese market last year has allowed Baidu to build on its leadership in the Chinese-language internet search services.

Unsurprisingly, perhaps, IT has created some of the youngest individuals on the Hurun 1000.

Source: Hurun IT Rich List, an industry list of the Hurun Rich List 2011.

COMMODITIES

It has been a good year for commodities, with the global financial crisis pushing up commodity prices for the most part. Coal has created more wealth than any other commodity in China.

The Hurun Commodities Rich List is a listing of the Top 50 richest individuals with holdings today in mining and oil.

The cut-off to make the Hurun Commodities Top50 is US$360 million.

Chen Fashu is the Commodities King with his canny investment into Zijin, a gold mining coming that Chen invested into via his Xinhuadu holding company.

Source: Hurun Commodities Rich List, an industry list of the Hurun Rich List 2011.

STEEL

It has been a steady year for China’s steel tycoons boasting 9 billionaires in this industry today.

The Hurun Steel Rich List is a listing of the Top 30 richest individuals with holdings today in steel, with a cut-off today of US$280 million.

Source: Hurun Steel Rich List, an industry list of the Hurun Rich List 2011.

RETAIL

The Hurun Retail Rich List is a listing of the Top 30 richest individuals with holdings today in retail.

The cut-off to make the Hurun Retail Top 30 has risen to US$410 million, the highest on record, with XX individuals now US$ billionaires.

Zhang Jindong held on to the Retail King crown, fighting off a resurgence in the share price of bitter rival Huang Guangyu, 42 years, who is still serving time in jail.

Source: Hurun Retail Rich List, an industry list of the Hurun Rich List 2011.

PHARMACEUTICALS

The Hurun Pharmaceutical Rich List is a listing of the Top 50 richest individuals with holdings today in pharmaceutical.

The cut-off to make the Hurun Pharmaceutical Top 50 has risen to the highest on record.

Li Jinyuan won back his Pharmaceutical King crown, after last year’s no.1, Li Li, 46, saw Hepalink’s share price halve over the last year.

Source: Hurun Pharmaceutical Rich List, an industry list of the Hurun Rich List 2011.

APPAREL

It has been all-change in the apparel sector in the past year.  Qiu Guanghe of textile-maker Semir Group is the newly-crowned Apparel King of China, after a formidable IPO earlier this year, taking over from Zhou Chengjian of Metersbonwe.  It has been a horrible year for Chen Yihong and Li Ning, who have seen their share prices plunge on suspicions of an over capacity of production.

Source: Hurun Apparel Rich List, an industry list of the Hurun Rich List 2011.

FINANCE

The Hurun Finance Rich List is a listing of the Top 25 richest individuals with holdings today in financial services.

The cut-off to make the Hurun Finance Top 25 rose 20% to US$524 million.

Whilst Liu Yonghao, 60, maintained his Finance King crown, four shareholders of Ping An Insurance made the Top Five on the Hurun Finance Rich List.

Source: Hurun Finance Rich List, an industry list of the Hurun Rich List 2011.

VENTURE CAPITAL + PRIVATE EQUTY

Source: Hurun VC Rich List, an industry list of the Hurun Rich List 2011.

RESTAURANTS

The Restaurant Rich List is a listing of the 11 individuals from the restaurant industry, with a cut-off of US$170 million.

Source: Hurun Restaurant Rich List, an industry list of the Hurun Rich List 2011.

Regional Distribution

Guangdongis home to more Hurun rich-listers than any other region in China. In terms of cities, Beijing leads with 1113 individuals, followed by Shenzhen and Shanghai on 83 and 81 respectively.

Those born in the province of Zhejiang are head and shoulders above those born in Guangdong, 160 individuals compared with 107 individuals.  In third place is Jiangsu Province with 92 individuals born there.

Source: Hurun Rich List 2011

Cut-offto make list in 2011 was up to US$310 million, although the number of individuals on the list fell to 1000 individuals down from 1363 last year. To put the increase in wealth of the list, last year’s number 1,000 had US$220 million.

Source: Hurun Research September 2011

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