XI

Xi Jinping
Xi Jinping
Head of China’s Communist Party (2012-present); President of China (2013-present)
Relatives in the data: Deng Jiagui
Deng Jiagui, Brother in lawDeng Jiagui
Read the storyExplore the data Deng Jiagui
Deng Jiagui, who has made a fortune in real estate development, became “Red Nobility” in 1996 when he married Qi Qiaoqiao, the daughter of Xi Zhongxun, one of China's revolutionary heroes and a former top official. Qi Qiaoqiao’s younger brother is Xi Jinping, who is president of China and head of China’s Communist Party. An investigative report by Bloomberg News in 2012 revealed that Deng and his wife had hundreds of millions of dollars in real estate, share holdings and other assets.

Inside the Mossack Fonseca data  Offshore companies acquired as brother-in-law was rising in politics
In 2004, Deng Jiagui, the brother-in-law of China’s current President Xi Jinping, acquired a company in the British Virgin Islands called Supreme Victory Enterprises Ltd and was the sole director and shareholder. The company was struck off the BVI registry in 2007. In September 2009, Deng became the sole director and shareholder of two additional British Virgin Islands-based “shelf companies” in Mossack Fonseca's inventory. The companies were called “Best Effect Enterprises Ltd” and “Wealth Ming International Limited.” Mossack Fonseca helped Deng obtain a “chop” – a carved metal or stone seal often used by Chinese businesses to validate documents in lieu of signatures – for Best Effect Enterprises. It is unclear what the two companies were used for. At the time, Xi Jinping was one of nine men on the all-powerful Politburo Standing Committee, the body that rules China. By the time Xi was named general secretary of the Chinese Communist Party in 2012 and the country’s president in 2013, Deng’s two BVI companies were dormant.