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
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

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

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
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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