Chinese multimillionaire Li Wang, is known to have owned six luxury cars including a Bentley and a Porsche, and was in the market for a luxury yacht. Photo: AFP
Chinese multimillionaire Li Wang, is known to have owned six luxury cars including a Bentley and a Porsche, and was in the market for a luxury yacht. Photo: AFP
China /  Money & Wealth

Family fortunes: China’s ultra rich embrace life insurance to protect wealth for future generations

Specialised policies protect fortunes from both business debts and planned inheritance tax

Kwong Man-ki

Updated: 5:20am, 22 Oct, 2015

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Chinese multimillionaire Li Wang, is known to have owned six luxury cars including a Bentley and a Porsche, and was in the market for a luxury yacht. Photo: AFP
Chinese multimillionaire Li Wang, is known to have owned six luxury cars including a Bentley and a Porsche, and was in the market for a luxury yacht. Photo: AFP
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