Mao Zedong's granddaughter Kong Dongmei is 242 on Chinese rich list with £525m fortune Mao Zedong's granddaughter accused of hypocrisy after ranking on rich list Kong Dongmei, 41, is 242nd richest person in China, according to magazine Made part of £525million wealth from selling books about her grandfather Listed alongside husband she married after a 15-year extramarital affair Together couple have three children - violating China's one-child policy The granddaughter of Mao Zedong has been ranked on a list of China's richest people, with a personal wealth of £525million. Kong Dongmei, 41, has been accused of hypocrisy after placing 242nd on the list alongside her husband - quite a feat in a country with a population of nearly 1.4billion. Ms Kong, the daughter of Li Min, Mao's only surviving child with his third wife He Zizhen, is believed to have made part of her fortune from selling publications about her famous grandfather. Rich legacy: Kong Dongmei, right, granddaughter of the father of Communist China, Mao Zedong, is the 242nd richest person in China - a country with a population of nearly 1.4 billion Ms Kong married insurance company boss Chen Dongsheng, in 2011 after a 15-year extramarital affair, according to Chinese financial magazine New Fortune which published the rich list. After obtaining a masters degree at U.S. University of Pennsylvania, Kong returned to China and opened up her own bookstore in Beijing in 2001, set up to promote "New Red Culture." In a rare interview with China Daily, Kong Dongmei revealed that it was Mao who gave her the name Dongmei - after himself. Grandfather chose the name Dongmei. Dong from his own name, and mei from his favorite flower, the plum blossom,' she told the paper in 2010. Speaking about her dream to promote 'Red Culture' she said her aim was to 'offer a modern and diversified perspective on revolutionary history'. 'Hypocrite': Ms Kong is thought to have made part of her £525millionj fortune from her business promoting 'Red Culture' and selling publications about her grandfather Mao Zedong, pictured, and the history of communism in China Kong and her husband is also said to have three children, a son and two daughters, a violation of China's one-child policy. Kong's inclusion on the rich list triggered hot debate on Weibo - China's version of Twitter, with some accusing her of betraying her grandfather's status as the "great teacher of proletariat revolution." "The offspring of Chairman Mao, who led us to eradicate private ownership, married a capitalist and violated the family planning policy to give birth to three illegal children," wrote Luo Chongmin, a government adviser in southwest China. China has implemented the one-child policy for many urban residents for over 30 years, although there have been recent suggestions that the rules may be loosened. "Did Kong Dongmei ... pay any fines after being a mistress for more than 10 years and giving birth to three kids?" asked another user with the online handle Virtual Liangshao. But others argued that the millions were actually her husband's, who made his fortune before they were married. Kong just married a wealthy husband. You can't attribute it to Mao," said Weibo user Wang Nanfang in a posting.