The Deng Xiaoping Family: Real Estate, Nonferrous Metals, and Arms
Deng Zhifang, Deng Xiaoping's second son, founded Sifang Real Estate and acquired land in Shanghai, Beijing, Tianjin, Dalian, Guangzhou, Shenzhen, and Zhuhai, earning him the nickname “the Real Estate King” at the time.
Wu Jianchang, husband of Deng Xiaoping's eldest daughter, founded companies including Oriental Xinyuan, monopolizing nonferrous metal resources.
He Ping, husband of Deng Xiaoping's youngest daughter, founded the Poly Group and became a major arms dealer.
The Jiang Zemin Family: Telecommunications
Jiang Mianheng: chairman of China Netcom, with business interests spanning telecommunications, semiconductors, and construction engineering.
Alvin Jiang (Jiang Zhicheng), Jiang Mianheng's son, once worked at Goldman Sachs before founding Boyu Capital, a private equity firm managing $1 billion in funds.
The Li Peng Family: The Power Sector
Li Xiaopeng, Li Peng's eldest son, formerly chairman of Huaneng International Power and deputy general manager of the State Power Corporation of China.
Li Xiaolin, Li Peng's daughter, former executive director and general manager of China Power International Development Limited.
Zhu Lin, Li Peng's wife, reportedly a former chairwoman of Huaneng International.
Levin Zhu (Zhu Yunlai), son of Zhu Rongji, joined China International Capital Corporation, one of China's largest investment banks, in 1998, and served as its president for the following decade. He was later named by Fortune magazine as one of the twenty-five most influential business leaders in Asia.
Among the third generation of leaders' families, the wealth of Zeng Wei—son of former Chinese Vice President Zeng Qinghong—came to light after he purchased a $32 million mansion in Sydney, Australia, reportedly the third most expensive property ever sold in Australian real estate history at the time. What few people know, however, is that Zeng Wei was also a tycoon in China's oil industry, with business interests touching virtually every sector of the Chinese economy. Zeng Qinghong's younger brother, Zeng Qinghuai, has interests in the film and television industry.