As of 2023, the United States still boasts the most billionaires with 775 list members, according to Forbes, which released its list of the wealthiest people in the country for the first time since 2019 on June 15. Nearly every state has a billionaire resident, according to the report. However, four states make up 60…
Communist Road Kill
Commentary From the time that Xi Jinping took office in late 2012, it has been clear that he was a hardcore communist. Sounding like every other communist from Karl Marx on, he predicted in an early speech “the eventual demise of capitalism and the ultimate victory of socialism.” Xi maintains that he doesn’t object to…
The Imprisoned Chinese Billionaires
May 15, 2021
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ChinaChina Human RightsChinese billionairesconfiscation of propertyimprisoned billionairesOpinionThinking About ChinaViewpoints
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In the early morning of Nov. 11, 2020, the police arrested a total of 28 executives of Dawu Group and its subsidiaries. Nearly all family members—his wife, two sons, and two daughters-in-law—were arrested. The group’s 28 subsidiaries were officially taken over, and almost all of the company’s assets were frozen.
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