Chinese Politicians are Insanely Rich

According to the Economist, the median net worth of all American Congressmen is $440,000, quite an amount in comparison with the country’s average household net worth of $70,000. Indeed, the disparity in wealth between ordinary Americans and Congressmen has often raised the ire of the public – the top 50 wealthiest Congressmen control $1.6 billion.

However, all of this pales in comparison with China where the 50 wealthiest members of the National People’s Congress (NPC) control an incredible $94.7 billion. Chinese politicians are insanely rich – NPC delegate Zong Qinghou has a fortune of almost $19 billion. By contrast, the wealthiest Congressman in the United States is Darrell Issa, with $355 million.

Description

This chart shows the individual wealth of American and Chinese politicians in 2013 (in million U.S. dollars).

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Asset allocation of ultra and high net worth individuals in the U.S. 2023
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U.S. high net worth individuals 2008-2021
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North America wealth of high net worth individuals 2008-2021
Number of HNWI in China 2022, by wealth group
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Ultra high net worth individuals 2022, by country
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Average number of homes owned by UHNWIs in different regions worldwide 2023

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