Wang Jianlin – China’s Richest Businessman

Wang Jianlin – China’s Richest Businessman

Wang Jianlin is the Chairman of the Dalian Wanda Group, one of China’s largest real estate developers, and also the world’s largest operator of movie theaters after the purchase of AMC Entertainment Holdings for US$ 2.6 billion in 2013.
In 2013 Forbes ranked him the 128th richest person in the world, with US$ 8.6 billion. In August 2013, he is listed as the wealthiest person in China with a net worth of US$ 14.2 billion by Bloomberg.
His company owns 9.03 million square metres of investment property, 49 Wanda Plazas, 26 luxury hotels, 86 cinemas, 40 department stores, and 45 karaoke centres around China. The company became the world’s largest theatre owner in 2012 when it acquired AMC Theatres.
In September 2013 he announced plans to build the world’s largest studio pavilion at Oriental Movie Metropolis which include a 10,000 square meter studio and an underwater stage.
His estates empire is now expanding outside China.
He is planning of developing hotels in Europe and America. The hotel investments include US$1.1 billion to develop a five star hotel in London, and US$1 billion for a five star hotel project in New York.
Wanda signed a memorandum of understanding with Indian tycoon Anil Ambani’s Reliance Group to set up a joint venture for a strategic long-term partnership according to a statement from Reliance. Among the first ventures of the new partnership will be integrated township projects including commercial buildings and residential apartments, hotels and retail space in Navi Mumbai and Hyderabad. The two projects could ultimately be worth in the region of $1bn-$1.5bn.
In early 2014 he acquired a landmark building in Madrid for €260 million ($358.6 million).

Wang wants to break also into English ­football to add to the Southampton company’s incredible portfolio and is believed to be lining up a £175million bid for Saints that current owner and chairwoman Liebherr is ready to accept.

Wang, a fan of folk music, has been known to sing Tibetan and Mongolian folk songs at Wanda corporate annual meetings.

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