INTERNATIONAL, December 2004; Internet Prospector

December 2004
Internet Prospector

INTERNATIONAL

When the Forbes' rich list is released each year, prospect researchers pore over it searching for their constituents. The press around the world pores over the list, too, and the articles about the list are as interesting as the list itself.

It's clear to all of us that the very richest are listed, not the almost-the-very-richest we'd like to see. Today we'll look into the way one corner of the world views the list. We'll get a better idea about how the rich lists are viewed on the home turf of the international wealthies listed.

CONTENTS:

People's Daily Online: Rich List Review
Euromoneychina Rich Lists
China's Charities and Philanthropists

PEOPLE'S DAILY ONLINE: RICH LIST REVIEW

Here's the big news: Next year Forbes' list of China's richest (currently 200) will grow to 400 people. Surprised? The fastest growing individual wealth on the planet is happening in China. These interesting articles from the People's Daily give you a chance to develop a deeper understanding of the Chinese version of the rich list. One person, Rupert Hoogewerf, built Forbes' China rich list for the last five years. You can read about the Rupert's impact and the changes now that he is no longer with Forbes at

http://english.people.com.cn/200410/15/eng20041015_160375.html

You can learn more about wealth in China by reviewing these articles:

How many wealthier people does China have after all?

http://english.people.com.cn/200409/14/eng20040914_156986.html

China home to 236,000 millionaires

http://english.people.com.cn/200406/18/eng20040618_146780.html

Interview: China needs an enlarged richest list

http://english.people.com.cn/200409/23/eng20040923_157974.html

If the links to these articles aren't working at press time, simply use the Web site's search box to find the articles that interest you.

http://english.people.com.cn/

EUROMONEYCHINA RICH LISTS

So, where did Forbes first (and only until this year) China Rich List creator Rupert Hoogewerf go? He's still making lists and, lucky for us, he's posting them at his Euromoneychina Web site. Rupert's rich list for China was released a month or so before the Forbes list. You can see Rupert's work at this site under Lists. You can also review his lists of Chinese Philanthropists, Most Powerful, IT leaders and more.

http://www.hurun.cn/indexen.asp

CHINA'S CHARITIES AND PHILANTHROPISTS

Are China's new wealthy philanthropic? This article will answer that question. As you can imagine, the fast changes in China's economy mean changes in charitable giving. Earlier this year, China's cabinet enacted a new regulation on foundation administration which limits what Chinese foundations can spend on administration and top salaries. (To read more about the new regulation, go to http://www.chinadaily.com.cn/chinagate/doc/2004-04/13/content_322963.htm.)

Foundations remain deeply connected to the government in China and private property laws (or the lack of them) continue to compromise growth in philanthropy in China. But don't blink -- things are changing as fast as money can be made.

http://www.china.org.cn/english/2004/Apr/94150.htm

Cecilia Hogan

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