Hong Kong, China (CNN) - If you look at China’s annual National People’s Congress, now in session, you might think this country is one of the richest in the world.
The NPC's 75 richest legislators - from a total of 3,000 - had a net worth of more than $90 billion in 2011. To put that in perspective, that’s more than half of Greece’s latest bailout of some $170 billion.
Zong Qinghou is the NPC’s richest member and China’s second-richest man, with a net worth of nearly $10.8 billion in cash and assets. If you’ve been to China, you’ve likely eaten or drunk something his company, Wahaha Group, manufactures.
The firm’s red-and-white distilled water bottles are ubiquitous - sold on the grounds of the Forbidden City in Beijing to the altitudes of the Chinese Himalayas in Tibet.
Along with food and drink, the five richest NPC legislators have shown that China’s automobile and real estate industries are the sectors in which to make billions.
For more perspective on their wealth, compare NPC’s six dozen richest members to U.S. politicians. This group earned more than the net worth of the six hundred top politicians and lawmakers of the United States. Read More