<p style="text-align: justify;">Over the past decade in China, as the Communist Party has reined in entrepreneurship in favor of Xi Jinping&#39;s gospel of &quot;common prosperity,&quot; bad things have begun happening to the country&#39;s billionaires. The outspoken real-estate magnate Ren Zhiqiang is now in prison after calling Xi a &quot;clown&quot;; Jack Ma disappeared from the public eye for years. One prominent billionaire, Zhang Xin, along with her husband, Pan Shiyi, made a well-timed departure during the pandemic, moving a significant chunk of their wealth out of China and relocating to New York.</p><p style="text-align: justify;">Upon arriving here, Zhang and Pan-who in the 2000s and 2010s developed some of the most striking shapes on the Beijing and Shanghai skylines-quickly became fixtures of Manhattan&#39;s cultural and philanthropic elite. Zhang had already donated millions to Harvard, Yale, and Phillips Academy to fund scholarships and athletic facilities, and she had also joined MoMA&#39;s board. In 2022, she started the production company Closer Media, which produced three films that debuted at the Toronto International Film Festival in September. (One project in the works is a film about George Orwell directed by Raoul Peck, which some may interpret as a jab at Xi&#39;s government.) Today, Zhang&#39;s apartment on Billionaires&#39; Row and her house in the Hamptons are destinations for influential media figures and China watchers, and she&#39;s friendly with Wendi Deng Murdoch, Jamie Dimon, and Henry Kissinger. Superstar pianist Yujia Wang once played at her annual Chinese New Year party. It&#39;s certainly a better fate than a prison sentence from the Communist Party. &quot;They truly dodged a bullet,&quot; says a friend of the couple&#39;s.</p>

The Power To: Buy a New High Society Life

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.