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A Business Leaders Event
A look at the Hurun Report China Rich List 2020
At this event, we will hear from the chief researcher of the Hurun Report China Rich List and discover what their findings mean for the future of China and the world.
According to the 2020 Hurun Report China Rich List, China created 257 billionaires over the past year, bringing the total to 878. Additionally, China’s billionaires added $1.5 trillion to their wealth, bringing the total worth of China’s billionaires to $4 trillion. This unprecedented wealth creation may be attributed to China’s soaring stock markets, a flood of initial public offerings, and surging growth in the tech sector.
So what does this all mean? At this event, we will hear from the list’s chief researcher and discover what their findings mean for the future of China and the world.
Rupert (Hurun) Hoogewerf
Back in 1999, whilst asking young Chinese university graduates about their role models, Shanghai-based accountant Hoogewerf began to notice a pattern. Time after time the graduates would talk about making money, but when it came to naming the ‘Bill Gates of China’, they would draw a blank. Struck by this, and curious to know who was leading the explosive growth of China’s private sector, he painstakingly sifted through what public sources were available, Hoogewerf’s final list of 50 names marked the first serious attempt of its kind to identify China’s wealthiest individuals. Since then the Hurun Rich List has grown to rank the richest individuals of China and India. In 2018, the Hurun Global Rich List ranked 2694 dollar billionaires, benchmarking China’s and India’s top entrepreneurs in the context of their global peers.
Elizabeth Harrington has worked and lived in China since 1981. Elizabeth began her career at Procter and Gamble in management. In 1981 she helped lead one of the first American joint ventures in China for the Quaker Oats Company. Elizabeth went on to lead several American companies in China: A.T Kearney, Pillsbury-Grand Metropolitan, and PricewaterhouseCooper's Global Strategy practice. Elizabeth has been privileged to work with and know China's top companies and entrepreneurs for many years. In addition to her corporate work, Elizabeth served on the Boards of Directors of the CME Group, The Warranty Group, and Temptation Foods/India. Elizabeth has long been a speaker on and advocate for women's development in China and worldwide.
Anla Cheng is the Founder and CEO of SupChina, an independent digital China news, business, events, consulting marketplace platform and podcasts. SupChina informs and connects a global audience regarding the business, technology, politics, culture and society of China. Prior to this, Ms. Cheng ran a Family Office of Asian Hedge Fund of Funds. Centenium Capital. Her career included work as Asia Head, SVP at Robert Fleming, (bought out by JP Morgan). Her career began at Goldman Sachs, then Citi where she was a Pacific Basin analyst, then became an Asian Portfolio Manager for both Institutional and Private Wealth Group. Ms. Cheng received her MBA from the Wharton Graduate School of Business. She is a Trustee of the following Boards: Vice-Chair of China/US at TNC (The Nature Conservancy); Facing History and Ourselves(past Chair of China Project); Vice-Chair at China Institute; and past Trustee and current member of Committee 100. Ms. Cheng is also China/ Global Council Member of Brookings and a Member of NCUSCR and Columbia University's China Global Center.