Looks like Zhao Bingxian, one of China’s richest and most renowned business moguls (often dubbed the ‘Chinese Warren Buffett‘), has raised an effective business tycoon-in-training. In a new development in a messy and highly publicized divorce case panning out between Zhao and his wife, the CEO and president of China Capital Investment Group is now being sued by his nine year old son.
According to Want China Times:
Standing in front of the Haidian district court in Beijing, his wife Lu Juan, who is currently in divorce litigation with Zhao, said that her son has filed the suit due to their financial plight, as Zhao has cut off financial support to both of them.
The couple, who married in 1988, have two children, the son and a daughter who is studying in the US. Lu charged that Zhao has failed to care for them for many years, forcing her to bear the heavy cost of raising their son alone the son.
The divorce suit between Zhao and Lu, considered one of the top 10 most expensive divorces in China, has been playing out in the media for almost three years, after Lu first filed suit in 2010.
Zhao’s wife is refusing to accept his request for a child support fee reduction, saying that “While neighbors are sending their children to private schools with several hundred of thousands of yuan of tuition, I can only send my son to a common school and will not even be able to afford that.”
Zhao’s fortune is reportedly worth over 10 billion yuan ($1.6 billion).
Shit, if my dad was working with that kind of money, I wouldn’t want to be mingling with all those dirty “common” nine year olds either.
[Image credit: Caixin]