Asia Pacific, News, The Rich

Wealth of China’s 200 Richest Lawmakers Worth More than US$500 Billion

Wealth of China’s 200 Richest Lawmakers Worth More than US$500 Billion

According to the Hurun Report, China’s 200 Richest lawmakers are now worth more than $500 billion. The wealth of the private sector business people have increased in tandem with the Chinese economy which is now only second to the USA.

“According to the Hurun Report, China’s 200 Richest lawmakers are now worth more than $500 billion.”

~ Financial Times

According to Hurun data, the wealth of the 100 richest lawmakers have increased over the past four years to RMB 3 trillion, almost double from RMB 1.64 trillion in 2013. Most of them are first generation Chinese billionaires such as Pony Ma & Robin Li, founders Tencent and Baidu respectively.

Related Reports: Financial Times, Wealth-X


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