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  • Gordon Dumoulin

Rabbits and self-made female billionaires...

Yesterday HURUN released the 2021 edition of the Greater China Rich List.... 2,918 individuals spread across 200 cities have each a wealth of more than CNY 2 billion (about USD 310 million) with a total wealth of USD 5.3 trillion.


(click to open report)



I will not bore you with all list details, you can check the list in link at the end of this post. Few remarkable notes though;


* There are ๐Ÿฐ๐Ÿฌ% ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ ๐—ฅ๐—ฎ๐—ฏ๐—ฏ๐—ถ๐˜๐˜€ ๐˜๐—ต๐—ฎ๐—ป ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ ๐—ฅ๐—ฎ๐˜๐˜€ on the list. Coming in second and third are the Dragons and Snakes. The second worst billionaire performer is this year's Ox.



If you would think this is a coincidence, Rabbits have been the top performers on the list for 10 consecutive years and the list has dramatically changed with newcomers in the past decade.


For example, there is only one individual who made it both to the top 10 both this year's list and the 2011 list and about ๐Ÿฑ๐Ÿฌ% ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿญ ๐—น๐—ถ๐˜€๐˜ ๐˜€๐—ต๐—ผ๐˜„๐˜€ ๐—ป๐—ฒ๐˜„ ๐—ณ๐—ฎ๐—ฐ๐—ฒ๐˜€ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ผ๐—ป๐—น๐˜† ๐Ÿฑ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€ ๐—ฎ๐—ด๐—ผ.


Rabbits were born in 1951, 1963, 1975, 1987, 1999, 2011. The next "wave of rabbit billionaires" will be born in 2023, young families keep this in mind ๐Ÿ˜Š



* ๐—™๐—ฒ๐—บ๐—ฎ๐—น๐—ฒ ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—บ๐—ฎ๐—ธ๐—ฒ ๐˜‚๐—ฝ ๐Ÿฎ๐Ÿฒ% of the Hurun list (compared to about 12% worldwide). And ๐Ÿฒ ๐—ผ๐˜‚๐˜ ๐—ผ๐—ณ ๐Ÿญ๐Ÿฌ ๐—ฎ๐—ฟ๐—ฒ "๐˜€๐—ฒ๐—น๐—ณ-๐—บ๐—ฎ๐—ฑ๐—ฒ" female billionaires (17% of female billionaires in the world are "self-made")


* ๐Ÿฎ๐Ÿด ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐˜„๐—ฒ๐—ฟ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ป๐—ด๐—ฒ๐—ฟ ๐˜๐—ต๐—ฎ๐—ป ๐Ÿฏ๐Ÿฌ ๐—ผ๐—ณ ๐˜„๐—ต๐—ผ๐—บ ๐˜๐˜„๐—ผ ๐Ÿญ๐Ÿฌ๐Ÿฌ% ๐˜€๐—ฒ๐—น๐—ณ-๐—บ๐—ฎ๐—ฑ๐—ฒ; Nie Yunchen of milk tea brand Heytea and Lu Jianxia, who set up Manner Coffee chain with her husband Han Yulong.


* The steep rise; while there were ๐˜‡๐—ฒ๐—ฟ๐—ผ ๐—จ๐—ฆ๐—— ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—–๐—ต๐—ถ๐—ป๐—ฎ ๐—ถ๐—ป ๐Ÿญ๐Ÿต๐Ÿต๐Ÿต (and in 2002, 2003), it surpassed 100 in 2007, 250 in 2011, 500 in 2015 and 1,000 in 2021.


* Top 5 cities : Beijing (341), Shenzhen (301), Shanghai (294), Hangzhou (171), Hongkong (151)


* Hurun estimates approximately another 4,000 individuals in China who fit the CNY 2 billion wealth criterium, the bulk of which are very low-key.


โ€œ๐˜›๐˜ฉ๐˜ฆ ๐˜ข๐˜ท๐˜ฆ๐˜ณ๐˜ข๐˜จ๐˜ฆ โ€˜๐˜๐˜ถ๐˜ณ๐˜ถ๐˜ฏ ๐˜™๐˜ช๐˜ค๐˜ฉ ๐˜“๐˜ช๐˜ด๐˜ต๐˜ฆ๐˜ณโ€™ ๐˜ธ๐˜ข๐˜ด ๐˜ฃ๐˜ฐ๐˜ณ๐˜ฏ ๐˜ช๐˜ฏ 1965, ๐˜ด๐˜ต๐˜ข๐˜ณ๐˜ต๐˜ฆ๐˜ฅ ๐˜ฉ๐˜ช๐˜ด ๐˜ฃ๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ช๐˜ฏ 1994 ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜จ๐˜ฆ ๐˜ฐ๐˜ง 29, ๐˜ฃ๐˜ณ๐˜ฐ๐˜ฌ๐˜ฆ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ญ๐˜ช๐˜ด๐˜ต ๐˜ช๐˜ฏ 2012 ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜จ๐˜ฆ ๐˜ฐ๐˜ง 47, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ๐˜ธ 56 ๐˜บ๐˜ฆ๐˜ข๐˜ณ๐˜ด ๐˜ฐ๐˜ญ๐˜ฅ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜œ๐˜š$1.9๐˜ฃ๐˜ฏ.โ€


Link to Hurun China Rich List 2021

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