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Yuan

Lai See

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Why you can trust SCMP
Howard Winn

Being rich can shorten your life expectancy on the mainland

Being a Chinese billionaire carries not inconsiderable risks. Mainland authorities executed 14 billionaires over the past eight years, reports Bloomberg, citing the New Culture News newspaper.

These included Yuan Baojing, a former stockbroker executed by lethal injection in 2006 for the murder of a man who had tried to blackmail him. And Wang Zhendong, chairman of the Yingkou Donghua Trading Group, who was executed in 2008 for a scheme that persuaded investors to buy and breed ants, the newspaper reported.

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The mainland has about 1,900 yuan billionaires, according to the 2010 Hurun report, which is twice as many than in 2009.

However, execution is not the only threat to being a billionaire. Death by unnatural causes claimed 39 during the past eight years. These included 17 suicides, 15 murders and seven accidents. Another 19 died from work-related illnesses.

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Maybe getting rich isn't so glorious after all.

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