How the 1% is made in China
How the 1% is made in ChinaScandal exposes political links to China's billionaire 'red aristocracy'.
China's former Chongqing Municipality Communist Party Secretary Bo Xilai (R) and his son Bo Guagua stand in front of a picture of his father Bo Yibo, former vice-chairman of the Central Advisory Commission of the Communist Party of China, at a mourning hall in Beijing in this January 18, 2007 file photo.
The political scandal surrounding ousted Communist Party official Bo Xilai and his wife Gu Kailai has shined new light on the links between Chinese billionaires and Communist Party leadership.
For many, the fortunes of party-ruling families doesn't come as a surprise. China has become home to the world's richest lawmakers, and critics say there is no question the super-rich have been nurtured by corruption and politics.
The empire of the super-rich - built by the children and relatives of party members - is widely known as China's "red aristocracy", and the growth of that group has spurred backlash among netizens conscious of their country's widening wealth gap.
Last year, 115 mainland Chinese entrepreneurs made the Forbes Billionaires List, ranking China second behind the United States in having the most billionaires in the world. In 2012, China's billionaires dropped by 20 to 95 partially due to the government's curb on real estate prices and slowed economic growth.
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