Xi Jinping net worth 2022: China's supreme leader is more powerful than ever

Xi Jinping net worth 2022: China's supreme leader is more powerful than ever

Chinese leader Xi Jinping has secured a third term as the Communist Party boss.

With this, he has emerged from a twice-a-decade Communist Party congress stronger than ever.

Xi's strength was also bolstered after amendments to the language in the Communist Party charter.

He announced a newly selected group of men at the Politburo Standing Committee – the pinnacle of power in China.

However, Premier Li Keqiang, No. 2 in the party hierarchy, and Vice Premier Wang Yang were pushed out of the committee.

Meanwhile, Li Qiang took the No. 2 spot in the Standing Committee and is poised to become China's new premier.

China's stock market dropped on October 24 after Xi secured a third consecutive five-year term.

The estimated net worth of Xi Jinping is reported to be $1.2 billion in 2022.