Behind-the-scenes examination of Xi Jinping's financial assets: Chinese president's wealth scrutinized
Xi Jinping, the President of China, holds significant economic power, with his wealth estimated to be in the millions of euros. However, the exact composition and source of his wealth remain unclear, contributing to speculation and estimation.
Xi's wealth is believed to be nourished not only by his official presidential salary but primarily through strategic business relationships and political power. His family, including relatives, holds significant influence over various sectors, including energy and finance.
Official figures on Xi's wealth are largely absent, making it difficult to gauge his actual wealth and income. Yet, estimates suggest Xi's income is several hundred thousand yuan per year, placing him among China's millionaire families.
Xi's family and official career connections include influence over vast state-owned enterprises with total assets exceeding 90 trillion yuan (about 10.7 trillion euros), which are central to China's economy. However, his personal wealth remains officially undisclosed and unclear, fueling speculation; his family is sometimes linked indirectly to investments but no transparent evidence confirms direct personal wealth accumulation from these.
Rumors suggest that Xi's wealth may stem from various business connections. Investigations suggest that family connections often led to lucrative investments in the tech industry, often linked to state-owned enterprises.
Xi's power consolidation has had immense impacts, both domestically and globally. He has reshaped the leadership elite in the provinces through targeted regulatory measures and a stringent anti-corruption campaign, further solidifying his power.
This entwining of politics and business in China, as exemplified by Xi Jinping, shapes the wealth of leaders. The upcoming party congress could announce further economic reforms and adjustments regarding China's security interests, which will likely bolster Xi's position.
Xi's wealth has grown significantly alongside China's GDP, which showed remarkable growth rates in 2023. This has fostered stability in China and significantly strengthened the country's influence on the global economy.
The estimates of Xi's wealth are often treated as a sensitive topic due to the unclear nature and secrecy of his financial affairs. Yet, they continue to draw attention and remain a topic of discussion on the global stage.
