Xi Jinping Net Worth 2022 – Family Wealth Exposed!

With income from his family’s murky business dealings, Xi Jinping has amassed an estimated net worth of $10 billion. 

Born in 1953 to a Chinese Communist Party (CCP) leader, Xi Jinping worked his way up the party ranks to become a major player in the Chinese Politburo. By 2013, Xi was elected General Secretary of the Communist Party, Chair of the Military Commission and President of the People’s Republic of China. 

Although he earned criticism for human rights violations and disruptive economic regulations, Xi also continued the country’s rise as a global superpower. His name and philosophy was added to the party constitution in 2017, and the following year he successfully pushed for the abolition of presidential term limits.

In 2018, he was named “the most powerful and influential person in the world” by ‘Forbes’ magazine.

Xi Jinping, like the former party leaders, is shrouded in layers of corrupt deals and huge fortunes. 

Today we’re going to discuss how much money Xi Jinping has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Xi Jinping. So be sure to read to the end.

Xi Jinping Net Worth 2022: Is He A Billionaire?

Xi Jinping is a billionaire with an estimated net worth of $10 Billion in 2022. Xi Jinping is the president of the People’s Republic of China (PRC). He is the general secretary of the ‘Communist Party of China’ (CPC) and chairman of the ‘Central Military Commission’ (CMC). 

Since 2012, Xi Jinping has been the highest-ranking official in China. In 2016, he became the fourth person after Mao Zedong, Deng Xiaoping, and Jiang Zemin to receive the ‘leadership core’ title from the CPC.

As of 2022, his official salary is only $24 thousand. According to state-run media reports, Xi Jinping and six other top Communist Party officials were given pay raises of 62% in 2015. China Daily and Wen Wei Po said Mr. Xi’s basic monthly salary will increase to 11,385 yuan ($1,832; £1,209) from 7,020 yuan.

However, Xi’s salary is far less than his personal wealth.

According to real estate registration, Xi’s family owns a million-dollar property at the Braemar Hill Garden in Hong Kong, registered under sister Qi’s name.

Bloomberg reported in 2012 that Xi’s extended family had assets worth $376 million, which included an 18% stake in the Jiangxi Rare Earth and Rare Metals Tungsten Group, though none of these assets were linked directly to Xi Jinping or his wife, Peng Liyuan.

Xi Jinping warned officials on a 2004 anti-graft conference call: “Rein in your spouses, children, relatives, friends, and staff, and vow not to use power for personal gain.”

However, as Xi climbed the ranks of the Communist Party, his extended family expanded their business interests into minerals, real estate, and mobile-phone equipment, according to public documents compiled by Bloomberg. In other words, Xi’s net worth has been growing over the years.

Xi’s sister Qi Qiaoqiao and her husband Deng Jiagui own Beijing Central People’s Trust Real Estate Development Corporation Ltd. The couple’s real estate business has exploded since they have been given the best land by local officials who want to seek favor from Xi Jinping. 

Xi’s brother-in-law, Deng Jiagui, was mentioned in a 2014 report by the International Consortium of Investigative Journalists (ICIJ) on offshore accounts of Chinese elites.

To calculate the net worth of Xi Jinping, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of Xi’s net worth:

Name: Xi Jinping
Net Worth: $10 Billion
Monthly Salary: $24 Thousand
Annual Income: $100 Million
Source of Wealth: Programmer, Entrepreneur, Businessperson

Xi Jinping Net Worth Last 5 Years

Net Worth 2022: $10 Billion
Net Worth 2021: $9 Billion
Net Worth 2020: $7.5 Billion
Net Worth 2019: $7 Billion
Net Worth 2018: $5 Billion

Xi Jinping Family Wealth

It’s no news that China’s top ranking officials own huge amounts of offshore wealth. Still, a recent report revealing details of high-profile Chinese leaders’ family assets in Hong Kong caused a public outcry in China.

Bloomberg reported in 2012 that Xi’s extended family had assets worth $376 million, which included an 18% stake in the Jiangxi Rare Earth and Rare Metals Tungsten Group, though none of these assets were linked directly to Xi Jinping or his wife, Peng Liyuan.

Xi Jinping and two other members of the Politburo Standing Committee, the Chinese Communist Party’s (CCP’s) most powerful body, have family members who own luxury homes worth more than $51 million in Hong Kong, according to the New York Times.

In 2009, Xi’s niece, Zhang Yannan, bought a $19.3 million villa in Repulse Bay, one of the most expensive neighbourhoods in Hong Kong.

In 2012, the New York Times published a major exposé on the family of outgoing Premier Wen Jiabao, for which the reporter David Barboza won the Pulitzer Prize for international reporting. A few months earlier, a team of Bloomberg reporters, led by Michael Forsythe, had broken another big story, about the family of Xi Jinping, who was then in line to become China’s President.

Xi’s sister, Qi Qiaoqiao, who with her husband, Deng Jiagui, acquired Wanda shares for $28.6 million in 2009 that are worth two hundred and forty million dollars now. Qi and Deng transferred the shares to a business associate in October, 2013, around the same time that Bloomberg reporters were requesting comment on the story.

For Xi Jinping, who has made an anticorruption drive the central feature of his Presidency (as described in this magazine by Evan Osnos), the revelation that his sister and brother-in-law were major investors in Wang’s companies is an embarrassment. As he climbed the ranks of the Communist Party, Xi was known to dissuade officials from letting their relatives engage in suspect-looking business transactions.

The Times story—carefully written and edited and no doubt well-lawyered—simply says that as Wang got rich, so did his early investors, who included close relatives of several Communist Party officials. It does not allege that officials granted Wang special favors or that he paid them bribes.

How Did Xijinping Get Rich?

Xi Jinping has an estimated net worth of $10 billion in 2022. Much of his wealth comes from his family’s murky business dealings. This is why his wealth in China remains a secret. Since Xi came to power, many local officials and businessmen have tried to court Xi’s favor by offering his family members perks such as land and stocks at large discounts.

Xi’s older sister and brother-in-law sold their 50 percent stake in a Beijing investment company they had formed in partnership with a state-owned bank just after he took power, according to a New York Times report in June 2014. Xiao Jianhua, a billionaire financier, and co-founder of the company that purchased the stake, says the family has been trying to exit investments for years.

Xiao Jianhua a Chinese-Canadian billionaire known for managing assets for descendants of prominent Chinese leaders,

They did it “for the family,” Mr. Xiao’s spokeswoman said in a statement.

Chinese records indicate that Mr. Xiao’s claim is supported by evidence. Since 2012, Mr. Xi’s sister Qi Qiaoqiao and brother-in-law Deng Jiagui have sold investments in at least 10 companies, mostly focused on mining and real estate. A Bloomberg News report from June 2012 described how the couple sold, liquidated, or in one case, transferred companies worth hundreds of millions of dollars to close business associates.

In 2013, Xiao was ordered to be detained, but contacts within the Chinese government had informed him first, so he fled to Hong Kong.

Investment stakes have not been directly linked to Mr. Xi, his wife, or his daughter. However, his sister and brother-in-law’s extensive business ventures are part of a widespread trend among relatives of the Politburo elite who have built considerable fortunes by trading on their family’s political status.

On 26 February 2019, Gu Zhuoheng, the boss of Sing Pao Daily News in Hong Kong, says in a tweet that he would reveal details of corruption in Xi Jinping’s family members and their assets in Hong Kong and Guangdong. 

Gu claims the assets worth trillions of dollars under Xiao’s management were transferred to Xi’s Xi’s sister-in-law Deng Jiagui after Xiao was abducted from Canada to China in 2017.

Xiao reportedly, “worked on behalf of a number of powerful families,” in China over the course of his career, and he has been described by The New York Times as “a banker for the ruling class.” By 2016, he was worth an estimated $6 billion.

Xiao’s purchase of a 50% stake in CCB International Yuanwei Fund Management, owned by Xi Jinping’s sister Qi Qiaoqiao, showed his connections to the Chinese government. Pacific Securities, another company implicated in money laundering, was also part of Xiao’s business ventures.

After CCB’s assets came into the hands of Xi’s family, Xi Jinping could easily become a billionaire.

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How Did Xi Jinping Come To Power 

After numerous unsuccessful attempts, Xi was admitted to the Communist Party in 1974. The following year, he began studying chemical engineering at Tsinghua University in Beijing, graduating in 1979. From then on, he rose steadily through the ranks of the Communist Party. Between 1979 and 1982, Xi served in the Central Military Command as vice premier, gaining valuable military experience. During this time, he married his first wife, Ke Lingling, the daughter of the Chinese ambassador to Great Britain. The marriage was divorced after only a few years.

From 1983 to 2007, Xi held leadership positions in four provinces, starting with Hebei. During his tenure in Hebei, Xi travelled to the United States and spent time in Iowa with an American family, where he learned the intricacies of farming and tourism. 

Upon his return, he served as deputy mayor of Xiamen in Fujian, where he married Peng Liyuan, a people’s singer who also holds the rank of general in the People’s Liberation Army, in 1987. The couple has a daughter, Xi Mingze, who is studying at Harvard University under a pseudonym.

National Prominence

In the decades that followed, Xi made a steady rise, with posts as governor of Fujian and Zhejiang provinces and as party secretary. In 2007, his career received another boost when a pension fund scandal rocked Shanghai’s leadership and he was appointed party secretary. 

He spent his term promoting stability and restoring the city’s financial image, and was elected to the Politburo Standing Committee later that year. In early 2008, Xi became even more prominent when he was elected Vice President of the People’s Republic of China and put in charge of preparations for the 2008 Summer Olympics in Beijing.

Elected Leader of the People’s Republic of China

In early 2012, Xi traveled to the United States to meet with President Barack Obama and members of his cabinet. He also made a nostalgic trip back to Iowa and then visited Los Angeles. During his visit, he spoke about strengthening trust and reducing mistrust between the two countries while safeguarding mutual interests in the Pacific-Asia region. 

Later in the year, on Nov. 15, Xi was elected general secretary of the Communist Party and chairman of the Central Military Commission. In his first speech as general secretary, Xi broke with tradition and sounded more like a Western politician. 

He spoke about what the average citizen wants, calling for better education, stable jobs, higher incomes, a more reliable pension and health care safety net, better living conditions and a better environment. He also promised to fight corruption within the government at the highest levels. He described his vision for the nation as the “Chinese Dream.”

On March 14, 2013, Xi completed his ascent when he was elected president of the People’s Republic of China, a ceremonial post as head of state. In his first speech as president, he promised to work for a great renaissance of the Chinese nation and a stronger international position.

Expansion of Power

In October 2017, delegates at a session of the 19th National Congress of the Communist Party voted to add the words “Xi Jinping Thought for the New Era of Socialism with Chinese Special Characteristics” to the Party Constitution. This addition was to serve as the Party’s guiding principle for the future, with Xi’s vision paving the way for global leadership in the years ahead.

Moreover, Xi’s status was elevated by the constitutional amendment to equal that of former CP leaders Mao Tse-tung and Deng Xiaoping. It was believed that Xi, as one of the country’s strongest leaders in decades, had the ability to hold on to power for as long as he wanted.

In late February 2018, the Communist Party Central Committee proposed abolishing term limits for China’s president and vice president, allowing Xi to rule indefinitely. The National People’s Congress formally voted in favour of the constitutional amendment the following month, shortly before Xi was confirmed for a second five-year term.

In a speech to close the 16-day legislative session, Xi spoke of forging unification with Taiwan, promoting “high-quality” development that values innovation and expanding his signature Belt and Road foreign policy initiative. “The new era belongs to everyone, and everyone is a witness, pioneer and builder of the new era,” he said. “As long as we are united and struggle together, there will be no power to stop the Chinese people from realizing their dreams.”

Coronavirus

In the final days of 2019, Xi faced a new challenge with the outbreak of a pneumonia-like disease in the city of Wuhan. Chinese authorities attempted to seal off Wuhan on January 23, 2020, but the new coronavirus had already migrated beyond the country’s borders; on February 10, it was reported that more than 900 people had died from the virus in China alone, surpassing the total number of the 2002-3 SARS epidemic.

Xi and the Communist Party have been criticised for their initial response to the crisis – including trying to silence the doctor who first sounded the alarm about the disease – and for the subsequent crackdown on travel and personal freedoms. 

The government’s efforts appeared to be paying off, however, as the number of new infections finally slowed in March, prompting the president to make his first visit to Wuhan since the outbreak began.

Anti-corruption campaign under Xi Jinping

In 2012, China began an extensive anti-corruption campaign after the 18th National Congress of the Chinese Communist Party (CCP). The anti-graft campaign, led by Xi Jinping, General Secretary of the Chinese Communist Party, was the largest in China’s history.

In his first speech as president, Xi vowed to crack down on “tigers and flies”, that is, high-level officials and local civil servants alike. Almost all of the officials investigated were removed from office and accused of bribery and abuse of power, although the range of alleged abuses varied considerably. 

Over 120 high-ranking officials were targeted in the campaign, including a number of high-ranking military officers, several top executives of state-owned enterprises, and five national leaders (list).  The number of people indicted for corruption exceeds 100,000. The campaign is part of a larger effort to clean up malfeasance within the party and strengthen party unity. Xi Jinping’s political brand is emblematic of this feature.

Is Xi Jinping A Dictator?

Xi Jinping has also attracted criticism from political observers who have labeled him a “dictator” for the removal of term limits for the president of PRC, which was passed along with a set of other constitutional amendments in 2018 under his tenure.

Fulfilling one of his early promises, Xi almost immediately embarked on a campaign to deal with government corruption. He arrested some of the country’s most powerful figures, including former security chief Zhou Yongkang, and by the end of 2014 the CCP had disciplined more than 100,000 officials.

However, critics have noted that his crackdown on government corruption mainly targeted political opponents, and the CCP has come under fire by human rights groups for jailing journalists, lawyers and other private citizens. 

Under Xi’s reach, censors have sought to eliminate Western influence in school curriculums and limited the public’s internet access.

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Xi Jinping’s Economic Policy

Xi has sought to boost China’s slowing economy. In 2014, China introduced the One Belt, One Road initiative to strengthen trade routes and launched the ambitious Asian Infrastructure Investment Bank. Domestically, his party has expanded the power of private banks and allowed international investors to trade stocks directly on the Shanghai Stock Exchange.

Xi has also amended some of the laws enacted by his predecessors and officially abolished China’s one-child policy in 2015. His abolition of the “re-education through labor” system, which punished people charged with petty crimes, was viewed favorably.

Xi has also pushed through economic regulations that have had a ripple effect beyond his country’s borders. In 2014, for example, the government intervened to shore up a flagging real estate market and suddenly devalued the yuan in the summer of 2015. Despite his promise during a trip to the United States in September that China would never manipulate the currency to boost exports, Xi has been accused of doing just that.

In November 2017, Xi met with U.S. President Donald Trump for a two-day summit in Beijing. Although Trump had previously accused China of being a currency manipulator, this time he praised the country for taking advantage of financial opportunities. For his part, Xi spoke of “win-win” cooperation between the two economic superpowers and announced memoranda of understanding to increase trade by $253 billion.

Tensions between the two sides increased, however, after Trump ordered steep tariffs on aluminum and steel imports in March 2018 as part of U.S. efforts to balance an “out-of-control” trade deficit with its Asian partner. China responded by imposing tariffs on a range of American goods, including fruits, nuts and pork products, prompting Trump to threaten further escalation of the issue.

Xi Jinping’s Early Life and Education

Xi was born on June 15, 1953, to a well-off Chinese Communist Party leader, Xi Zhongxun, a former comrade of Chinese Communist Party founder Mao Tse-tung. Xi was considered a “prince’s child” – someone destined to rise in government because of family connections – and his fortunes changed when his father was ousted from power in 1962.

In 1966, Mao launched the Cultural Revolution, a sociopolitical movement to preserve the “true” communist ideology and eliminate the remnants of capitalist society. 

All formal education was discontinued, and Xi, who was attending high school at the time, was sent to work in a remote farming village for seven years, doing manual labour and subsisting on rice gruel. There, Xi grew up both physically and mentally. 

When he arrived, he was considered a weakling, but he grew strong and compassionate and developed good relationships with the villagers. Although the Cultural Revolution was a failure, Xi emerged from it with a sense of idealism and pragmatism.

Xi Jinping’s Personal Life and Family

In 1987, he married the folk singer Peng Liyuan. She is known for her performances on state television. She is also known as a fashion trendsetter. In addition, she holds the rank of general in the People’s Liberation Army.

In 1992, the couple had their only child, a daughter named Xi Mingze. She graduated from the “Harvard University”. Since her graduation, she has kept a low profile.

FAQs About Xi Jinping

How rich is Xi Jinping?

As per the record of media, Xi Jinping’s net worth is estimated to be around $10 Billion in 2022.

How tall is Xi Jinping?

Xi Jinping is 1.8 m tall.

How old is Xi Jinping?

Xi Jinping was born on June 15, 1953. He is 68 years old as of 7th June 2022.

Who is the wife of Xi Jinping?

Xi married Peng Liyuan, a Chinese soprano and contemporary folk singer.

Who is the daughter of Xi Jinping?

Xi Mingze nicknamed Xiao Muzi (小木子; ‘Little Wood’) is the only child of Xi Jinping.

Favorite Xi Jinping Quotes

Happiness does not fall out of the blue and dreams will not come true by themselves. We need to be down-to-earth and work hard. We should uphold the idea that working hard is the most honorable, noblest, greatest and most beautiful virtue.

 

I like sports, and swimming is my favorite. Doing physical exercises keeps one fit and healthy and helps one work more efficiently. I think we all need to strike a balance between work and relaxation. This can keep us energetic and help us do our job better.

 

Some foreigners with full bellies and nothing better to do engage in finger-pointing at us. First, China does not export revolution; second, it does not export famine and poverty; and third, it does not mess around with you. So what else is there to say?

 

Why did the Soviet Union disintegrate? Why did the Soviet Communist Party collapse? An important reason was that their ideals and beliefs had been shaken.

 

Corruption could lead to the collapse of the Party [Communist Party of China] and the downfall of the state [People’s Republic of China].

 

Our responsibility is to rally and lead the whole party and the Chinese people of all ethnic groups in continuing to liberate our way of thinking, carry on reform and opening, further unleash and develop the productive forces, work hard to resolve the difficulties the people face in both work and life, and steadfastly take the road of prosperity for all.

View our larger collection of the best Xi Jinping quotes.

Further Reading

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How To Become Rich Like Xi Jinping?

Xi Jinping did not become rich by luck. To become as rich as Xi Jinping, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

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If you seize this golden opportunity in time, you can become as successful as Xi Jinping one day.

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