This post is to showcase the differences between rich Billionaires from both countries and what type of influence and behavior is tolerated in their respective countries.
Table of contents
George Soros, Jewish survivor of the Holocaust, hedge fund manager, philanthropist, activist, age 75, $7.2 billion net worth. Soros makes huge contributions to political and social organizations that push neo-liberal political views that are in line with his own.
His political leaning: liberal and socialist.
Charles and David Koch, The Koch head the country’s second-largest private company. It began as an oil refinery and has since expanded into many other fields. Koch brothers are prominent Republican donors. They bet on candidates that push for a pro-business platform and tax cuts for the wealthy.
Political leaning: Right-Wing Republicans – Pro Big Business.
There are many more American Billionaires like the ones listed above. these are the most prominent.
Ma Huateng, also known as Pony Ma, is a Chinese billionaire. He is the founder, chairman, and chief executive officer of Tencent, Asia’s most valuable company, one of the largest Internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world.
Political leaning: According to the official Tencent website, Ma Huateng is a deputy to the 5th Shenzhen Municipal People’s Congress and served in the 12th National People’s Congress. Although he is a member of the Communist party, his personal political opinions are kept behind closed doors.
Jack Ma, or Ma Yun is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.
Political leaning: Alibaba’s Jack Ma has been a Communist Party member since the 1980s. Controversy: The Now famous Jack Ma Speech (public speech) called on the government to change finance laws and practices.
The Difference Between Chinese Billionaires And Americans
The Differences couldn’t be more clear. Let’s look at Jack Ma, for example, in China, you are not allowed to publicly influence the Chinese government. In America, Billionaires pore millions into public ads and millions more into political candidates that push laws that would ultimately favor their self-interests.
In China: Jack Ma was publicly pushing for less regulation that would have benefited his holding at ant group. Jack Ma wanted less government intervention and even less red tape in financing. Something that, if implemented, would have ultimately benefitted his company Ant Group, but could have the potential in leaving the Chinese consumer with much more debt.
In The United States: Billionaires are celebrated for their political contributions and often sought after by aspiring political candidates that desire to run for political office. Presidential candidates find it especially hard to compete at a national level if they don’t have billionaires backing.