AFP, Beijing :
Property billionaire Wang Jianlin rose from a local government bureaucrat to China’s richest man by transforming a debt-laden state-owned housebuilder into the sprawling Wanda Group, and the flotation of one of its subsidiaries this week will propel him back up the table of fortune.
Wang has penchants for karaoke and collecting. He’s got an impressive collection of fine art, property projects in top markets around the world, and an ever-expanding portfolio of companies including cinema chain AMC and yachtbuilder Sunseeker.
He topped the Forbes China Rich List in 2013 with an estimated net worth of $14.1 billion, but was displaced this year after charismatic Internet entrepreneur Jack Ma floated his e-commerce powerhouse Alibaba Group in the world’s biggest ever initial public offering (IPO).
That is likely to change again after Dalian Wanda Commercial Properties, the flagship subsidiary of Wang’s Wanda Group, lists in Hong Kong on Tuesday.
Property billionaire Wang Jianlin rose from a local government bureaucrat to China’s richest man by transforming a debt-laden state-owned housebuilder into the sprawling Wanda Group, and the flotation of one of its subsidiaries this week will propel him back up the table of fortune.
Wang has penchants for karaoke and collecting. He’s got an impressive collection of fine art, property projects in top markets around the world, and an ever-expanding portfolio of companies including cinema chain AMC and yachtbuilder Sunseeker.
He topped the Forbes China Rich List in 2013 with an estimated net worth of $14.1 billion, but was displaced this year after charismatic Internet entrepreneur Jack Ma floated his e-commerce powerhouse Alibaba Group in the world’s biggest ever initial public offering (IPO).
That is likely to change again after Dalian Wanda Commercial Properties, the flagship subsidiary of Wang’s Wanda Group, lists in Hong Kong on Tuesday.
