Trump's Beijing Delegation: Wealthiest Ever with Over $1 Trillion Net Worth

The business executives accompanying US President Donald Trump on his state visit to Beijing this week are the wealthiest such delegation to visit China – holding a combined personal net worth of over US$1 trillion – an indication of continued interest in the country’s lucrative market despite strained bilateral ties. The delegation’s collective wealth exceeds US$1.07 trillion, according to data from Forbes and United States Securities and Exchange Commission filings compiled by Quiver Quantitative, and each member holds a significant commercial stake in the bilateral relationship. Musk was seeking a licence to sell robotaxis in China and also wanted to increase sales of his artificial intelligence robots in the country, said Arthur Kroeber, head of research at Gavekal Dragonomics, in a note issued on Tuesday. Huang ranks second, with a personal net worth of US$194 billion. His firm, a global leader in the design of the computer chips that power AI models, has had to navigate US export restrictions on the hi-tech products that can be sold in the enormous Chinese market. While Washington permits the sale of Nvidia’s H200 graphics processing units in China – subject to a 25 per cent surcharge paid to the US Treasury – it has banned the sale of the company’s more advanced models to Chinese customers.