This is grasping at straws to find justifications for hating china as much as the state dept. tells you to while telling yourself you're a leftist. I'll report you to Bernie for this.
Could I have a source that says Xi Jinping personally has legal rights of ownership over every single one of the over 9000 businesses in China? What an insane level of grindset if he does.
He's the Supreme Leader smart guy, if he can execute some billionaires he can eradicate all billionairism, but he won't. Btw with China's purchasing power parity being 4x the US (1 USD in America will get you as far as 4 USD in China), that means 250+ millionaires technically have the same power as US billionaires, so basically there's way more billionaires than we even thought by US standards