The Richest Caribbean Residents Globally Are Not Even Caribbean Born

News Americas, NEW YORK, NY, Weds. Mar. 21, 2018: Three of the world’s billionaires list the Caribbean as home, making them the richest people across this region of some 40 million. But the harsh reality is that none of the three were born in the Caribbean, even though they are richer than even Rihanna and Usain Bolt combined. They 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, 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 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