Being a Billionaire a Dangerous Profession in China

Being a Billionaire a Dangerous Profession in China

By Helena Zhu
Epoch Times Staff Created: Jul 27, 2011 Last
Updated:
Jul 28, 2011

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It’s not easy being one of the super rich in China. Take industrialist Li
Haicang, for example: he was shot in the back of the head by his old friend in
January 2003. Meanwhile Yun Quanmin, a Chinese entrepreneur, was kidnapped from
work and buried alive in September 2005. They may sound like extreme cases, but
they’re not isolated in China, where millionaires and billionaires suffer mortality rates as high
as those of policemen.

Out of the 72 multi-millionaires and billionaires who have died in the
last eight years, 19 died from illness while 53 died of unnatural
causes.

Counting from Li’s demise to when entrepreneur Ding Mingliang
died of cancer at just 52 years of age this June, a total of 17 Chinese
multi-millionaires and billionaires died of suicide, 15 died of homicide, 14
died of death penalty, and seven died of accident.

“After learning the story behind each
person’s death, you’ll realize that this group of people are more fragile than
average,” state-run media the Southern Daily reported. “Because they
have more ambition and are under more pressure.”

At the latest count,
China has about 60,000 multi-millionaires with a net
worth of more than 100 million yuan (US$15.5 million), which accounts for
0.0045 percent of the total population.

Between 2008 and 2010, nearly two in every 10,000
multi-millionaires
with a net worth of more than 100 million yuan had lost
their lives, a proportion that is very close to that of mainland China’s most
dangerous profession—police—which has a death rate
of three in every 10,000 police officers.

The mortality rate for
millionaires seems to be on rise over the past year and a half.

Among
those who died of suicide, which accounts for 23.6 percent of the total deaths,
some hanged themselves, some took drugs, and others jumped off a building or
into water. Chinese entrepreneur Jin Libin immolated himself in a car this
April. All those who committed suicide died at an average age of 50.

Fifteen others, which account for 20.8 percent of the deaths, died of
homicide at an average age of 44, following conflicts with their employees,
business partners, or kidnappers who demanded ransom. Fourteen others were
sentenced to the death penalty for embezzlement, corporate fraud, or serial
rape.

Even
for those who died of illness, the average age was merely 48, with the youngest
being 37 and the oldest 59. Nearly half of them died of cardiovascular disease and seven of them of cancer.

Health expert Ding Chunsheng pointed out the irony to Eastday.com, one of the largest news portal sites in Shanghai:
“As Chinese people’s average life expectancy
rises to over 70 years old, multi-millionaires and billionaires are ending their
lives significantly earlier.”Chinareports@epochtimes.com

 

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