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St.Kitts-Nevis has 2nd Highest Billionaire Per Capita Ratio in the World

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Wu Xu

Wu Xu is the richest ‘Caribbean resident’ globally.

 

News Americas, NEW YORK, NY, Weds. Mar. 21, 2018: Three of the world’s billionaires are residents and  citizens of St.Kitts-Nevis. With a population of under 50,000 this the idyllic twin-island nation has the 2nd highest Billionaire Per Capita ratio of any country in the world. They are topped only by Monaco which also boasts 3 Billionaires but has a population of less than 38,000. St.Kitts-Nevis is the only English speaking Caribbean country that boasts 3 Billionaires as their residents and citizens

 The three St.Kitts-Nevis billionaires are : 

1: Wu Xu

Chinese born Wu Xu, the chair of the Chongqing Sincere Holding Group and one of the largest real estate developers in the central Chinese city of Chongqing, is listed as a citizen of St. Kitts & Nevis again in the latest Forbes billionaire list of 2018.

Wu, who worked at state-run construction businesses before taking the plunge himself as an entrepreneur, is worth USD 1.56 billion and is the 1,477th richest person in the world.

2: Jacky Xu

Jacky-Xu

Jacky Xu, who calls St. Kitts his country, is the second richest man in the Caribbean.

 

 

Jacky Xu, 33, is a Singapore-born businessman and owner of Trendy International, a popular apparel company with brands that include Ochirly and Five Plus. He claims St. Kitts and Nevis as his home. L Capital, a private equity group backed by French luxury goods giant LVMH, bought a reported 10 percent of Trendy in 2011 for $200 million. He is listed as the 1,561th richest person in the world, with a net worth of USD 1.55 billion.

 

 

 

 

3: Myron Wentz

Myron-Wentz

Myron Wentz is the third richest Caribbean resident according to Forbes

American-born, Myron Wentz, is founder and chairman of USANA, a multi-level marketing company that sells nutritional supplements and skincare products. He renounced his American citizenship in the mid-1990s and now claims citizenship in tax haven St. Kitts & Nevis.

Wentz founded Gull Laboratories in 1974 to sell diagnostic tests to hospitals and labs. He sold his stake to a German firm in 1994 for $22 million. Wentz owns 49 percent of USANA, which trades on NASDAQ and has $1 billion in net sales. He took it public in 1996. He is listed as the 1,999th richest person in the world with a net worth of US$1.1 B

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