Wang Jianlin’s profile picture

Wang Jianlin

Chairman, Dalian Wanda Group
Wang Jianlin’s profile picture
Net worth 2018: $30.13 Billion
Industry: Real Estate
Residence: Beijing, China
Country: China
BirthDay: 24 October 1954
Sigh: Scorpio
Children: 1
Education: Liaoning University
BIOGRAPHY

Wang Jianlin was bornon 24 October 1954 in Beijing, China, China, is Chairman, Dalian Wanda Group. Wang Jianlin is #23 in List Billionaires People In The World. Wang Jianlin chairs the Dalian Wanda Group, one of the world's largest commercial real estate developers with more than 200 plazas in China. Wang reversed a big push into tourism and hotels by shedding $9.3 billion of assets in the two industries in mid-2017 in move to deleverage. U.S. movie chain AMC dragged down Wang's wealth in 2017 as shortage of hit films hurt profits. Wang's Wanda Film Holding operates one of China's largest movie theatre chains. Served in China military 1970-86 before turning around a government real estate venture and then going into business himself in 1989.

NET WORTH STATISTIC
2010

$3 Billion

2011

$4.6 Billion

2012

$4 Billion

2013

$8.6 Billion

2014

$15.1 Billion

2015

$24.2 Billion

2016

$28.7 Billion

2017

$31.3 Billion

2018

$30.13 Billion

TIMELINE
Wang Jianlin (Chinese: 王健林; pinyin: Wáng Jiànlín; born October 24, 1954) is a Chinese business magnate, investor, and philanthropist. He is the founder of the conglomerate company Dalian Wanda Group, China's largest real estate development company, as well as the world's largest movie theater operator. He owns 20% of the Spanish football club Atlético Madrid. In 2016, Wang agreed on a deal with FIFA to launch the China Cup, in which national football teams compete in Asia each year.During the course of his career, Wang was the economic consultant of Yunnan province, as well as a construction consultant of the Guiyang government, and was named honorable citizen of Changchun city, and "outstanding contributor" to the construction of Dalian city.As of January 2018, Wang is estimated by Forbes to have a net worth of $25.5 billion, making him the 37th richest person in the world.Wang Jianlin was born on October 24, 1954, in Cangxi County, Guangyuan, Sichuan, China. His father fought for Mao Zedong's People's Liberation Army during the Long March (October 1934–October 1935).After sixteen years in the People's Liberation Army, Wang started working as the Office Administrator for the Xigang District in the city of Dalian. In 1989, he became the General Manager of Xigang Residential Development. He was Head of Factory in a Jiangyin-based factory. In 1992, he started working as the Chairman for the Dalian Wanda Group. He has also been serving as Assistant to the Regional Manager, Assistant Regional Manager and Director in Jiangsu Jiangnan Water Co.His company owns 21.57 million square metres of investment property, 168 Wanda Shopping Plazas, 82 luxury hotels, 213 cinemas, 99 department stores, and 54 karaoke centres around China. The company became the world's largest theatre owner in 2012 when it acquired AMC Theatres. He bought out U.S.-based AMC Entertainment for US$2.6 billion. He listed it on the New York Stock Exchange in December. He flew in celebrities Leonardo DiCaprio, Kate Beckinsale, and John Travolta to help launch an US$8 billion mini-Hollywood in the coastal city of Qingdao in January 2014.Wanda Group acquired the landmark Edificio España building in Madrid, Spain, in March 2014 from Grupo Santander for "about a third less than the €389 million that Banco Santander paid in 2005, at the height of Spain's construction boom". Previously, Dalian Wanda had taken on billion-dollar hotel development projects in London and New York, as well as property projects in India.In January 2014, 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.In 2014, he acquired land at 9900 Wilshire Boulevard in Beverly Hills, California to build the American headquarters of his entertainment company.In January 2015 it was reported that he was buying a 20% stake in the Spanish football club Atletico Madrid for €45m.In November 2016 Wang's Dalian Wanda Group announced plans to acquire Dick Clark Productions for about US$1 billion, giving it the broadcasting rights to the Golden Globe Awards, the Academy of Country Music Awards, and the New Year countdown celebrations in New York. Wanda already owns Legendary Entertainment, co-producer of films such as Jurassic World, and U.S. cinema chain AMC Entertainment Holdings.The Economist called him "a man of Napoleonic ambition", and citing his military background in the PLA, where he rose from border guard to regimental commander. He enforces "iron discipline" in the workplace, where employees are fined when they violate the company's conservative dress code. Despite his age, he has a "trim figure".At the age of 15, Wang started his 17-year service with the People's Liberation Army, initially as a border guard before rising to become a regimental commander. In 1976, he joined the Communist Party of China. He served as deputy to the 17th National Congress.Wang is a delegate to the Chinese National People's Congress. He was twice named CCTV's "Economic Person of the Year". He serves as the Vice-Chairman of the All-China Federation of Industry and Commerce, and has been a member of the Chinese People's Political Consultative Conference since 2008.He currently serves as vice chair of the China Charity Confederation; vice chair of the China Folk Chamber of Commerce; vice chair of the China Enterprise Confederation and the China Enterprise Directors Association; vice chair of the China General Chamber of Commerce; vice-chair of the Global Advisory Council of Harvard University.In 2011, he donated US$197 million to charitable causes, such as underwriting the restoration of an ancient temple in Nanjing. In 2014-2015 he donated US$200,000 for the restoration of the Electric Fountain in Beverly Hills, California.While Wang maintains a close relationship with the Chinese Communist Party, his personal motto is “stay close to the government and distant from politics.”He believes entrepreneurs should be "close" to the government and "clear" from the government as well. "If the government never talk to entrepreneurs, they'll never know what entrepreneurs want to invest, develop or solve." Wang Jianlin has been ranked prominently in worldwide billionaire lists for years.The previous year, Forbes ranked him the 128th richest person in the world, with US$8.6 billion. In August 2013, he was listed as the wealthiest person in China with a net worth of US$14.2 billion by Bloomberg. In September 2013, his net worth rose to US$22 billion, according to numbers of the Hurun Report.According to the Hurun Report, in 2014 he was the 25th richest person in the world with US$25 billion.In 2015, Bloomberg, listed him as the richest person in Asia with US$9.9 billion.According to Forbes, in 2016 he was the richest person in Asia with US$28.7 billion.A year later, Forbes ranked him 18th in its 2017 World's Billionaires list, making him the richest man in China with a net worth of US$31.3 billion. However, on May 14, Jack Ma overtook Wang Jianlin as the richest man in China, thanks to Ma's Alibaba Group's increases in stock prices.He is married to Lin Ning (Chinese: 林宁; pinyin: Lín Níng), and has a son, Wang Sicong (Chinese: 王思聪; pinyin: Wáng Sīcōng; born 1988), educated at Winchester College and University College London in the UK. Wang Sicong is currently a board member of the Wanda Group and a venture capitalist in China through his Beijing-based private equity fund, Prometheus Capital (普思投资).In December 2015 Wang Jianlin bought 15a Kensington Palace Gardens, London, for GB£80 million. The house was previously lived in by the Ukrainian billionaire, Leonard Blavatnik, who rented it during lengthy works on the house he owns opposite.In July 2016 Wang Jianlin's book The Wanda Way: The managerial philosophy and values of one of China's largest companies was published globally by LID Publishing. The book includes his renowned 2013 ChinaCentral Television Voice interview, his speech and question-and-answer session to the Harvard Business School, and Wang Jianlin's business philosophy on Wanda's real estate, resort, and movie units. In 2016, Wang picked a fight with Disney by declaring that he wants to make sure the Magic Kingdom doesn't make any money in China.
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