A member of the Chinese Communist Party emerges as the top foreign proprietor of American land
Chinese-language news reports that were reviewed by the Daily Caller indicated that the second-largest foreign landowner in the U.S. is a Chinese billionaire who is also a member of the Chinese Communist Party (CCP).According to Land Report, Chen Tianqiao, the founder, chairman and CEO of global investment firm Shanda Group, owns approximately 200,000 acres of land in the state of Oregon.
The Caller also revealed that, in addition to that, Chen also has extensive ties to the Chinese government, ranging from CCP membership to executive roles in CCP-affiliated organizations.
In addition to owning land in Oregon, Chen also owns several urban properties in the U.S., among which are the Vanderbilt Mansion in Manhattan, the Seeley Mudd Estate near Los Angeles and a 150,000 square-foot research facility at the California Institute of Technology that is called the Tianqiao and Chrissy Chen Institute for Neuroscience — each worth tens of millions of dollars.
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