The latest Hurun wealth rankings now has Wanda chair Wang Jianlin
listed as China's richest man.Wang Jianlin is now said to be worth
around 34-billion US dollars.
A lot of his new wealth is being attributed to the 10-fold increase in
the share price of Wanda's newly-listed cinema chain.Five years ago, 90
percent of his wealth came from real estate. But he has now managed to
diversify away from real estate, which now only makes up half of his
Last Year’s Number one Jack Ma has declined to the second as his
personal net-worth drop to around 22-billion US dollars, mostly due to
this year's plunge in Alibaba's share price in New York.
But Ma's kingdom is now propped up by the continued rise of Ant
Financial, the financial arm of Alibaba.Ant Financial is warming up to
be one of the most anticipated listings of next year, after another
round of investment in July valuing it $45 billion.
"Beverage King" Zong Qinghou of WaHaHa sits third with a net worth of
some 21 billion U.S. dollars, up 8 percent year-on-year.
The same analysis by Hurun also suggests China now has more
billionaires than the United States for the first time.There are 596
billionaires in China.The United States has 537 right now.