Who the wealthiest man in China is depends on who you ask. According to the 2019 Forbes list of billionaires, it’s either Ma Huateng of Tencent, Alibaba’s Jack Ma, or Hui Ka Yan of the Evergrande real estate group.
But in recent years, the progress of Beijing’s anti-corruption campaign and high-profile data leaks have exposed many hidden holders of wealth—much of it ill-gotten and closely linked to the commanding heights of political power in China. New revelations point to the progeny of Jiang Zemin, the 92-year-old former head of the Chinese Communist Party, as owning wealth exceeding that of any listed billionaire.
Jiang Zhicheng, also known by his Anglicized name of Alvin Jiang, was born in 1986 and is the grandson of Jiang Zemin. His father is Jiang Mianheng, the eldest son of Jiang Zemin. In 2010, at the age of 24, Jiang Zhicheng established his