The business executives accompanying US President Donald Trump on his state visit to China this week have a combined personal net worth of US$1.07 trillion, making them the wealthiest such delegation to visit the country, as major American firms seek to curry favour in the world’s second-largest economy.

The delegation’s collective wealth exceeds US$1.07 trillion, according to data from Forbes and United States Securities and Exchange Commission filings compiled by Quiver Quantitative, and each member holds a significant commercial stake in the bilateral relationship.

Tesla and SpaceX CEO Elon Musk leads the group with a personal net worth of US$827 billion, representing over 77 per cent of the delegation’s total wealth.

Musk was seeking a licence to sell robotaxis in China and also wanted to increase sales of his artificial intelligence robots in the country, Arthur Kroeber, head of research at Gavekal Dragonomics, said in a note issued on Tuesday.

Huang follows with a personal net worth of US$194 billion. Nvidia has had to navigate US export restrictions affecting the lucrative Chinese market.

While Washington permits the sale of Nvidia’s H200 graphics processing units in China – subject to a 25 per cent surcharge paid to the US Treasury – it has banned the sale of the company’s most advanced models to Chinese customers.