Wang Jianlin

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Wang Jianlin
Wang Jianlin - Annual Meeting of the New Champions Dalian 2009.jpg
Wang Jianlin at the World Economic Forum in 2009
Native name 王健林
Born (1954-10-24) October 24, 1954 (age 59)
Citizenship Chinese
Education Liaoning University at age 32
Organization Dalian Wanda Group
Known for Wealthiest person in China as of 2013
Net worth US$ 14.2 billion
Political party
Communist Party of China
Spouse(s) Lin Ning
Children Son Wang Sicong (born in 1988), another son and 1 daughter
Relatives 4 younger brothers
This is a Chinese name; the family name is Wang.

Wang Jianlin (Chinese: 王健林; pinyin: Wáng Jiànlín; born 1954) is a Chinese billionaire.[1] He 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.[2][3]

In 2013 Forbes ranked him the 128th richest person in the world, with US$ 8.6 billion.[2] In August 2013, he is listed as the wealthiest person in China with a net worth of US$ 14.2 billion by Bloomberg.[4]

Biography[edit]

Wang Jianlin was born in October 24, 1954 in Cangxi County, Sichuan Province, China.

From 1970 to 1986, he served in the People's Liberation Army.[1][5] In 1986, he graduated from Liaoning University and started working as the Office Administrator for the Xigang District in the city of Dalian.[6] In 1989, he became the General Manager of Xigang Residential Development Company.[6] He was Head of Factory in a Jiangyin-based factory.[7] In 1992, he started working as the General Manager for the Dalian Wanda Group.[6] He has served as the CEO since 1993.[6] He has also been serving as Executive Deputy General Manager and Director in Jiangsu Jiangnan Water Co., a company in Jiangsu.[7]

In 1976, he joined the Communist Party of China.[5] He served as deputy to the 17th National Congress of the Communist Party of China.[6][8] He now 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.[1][6][8] He is also a member of the China Entrepreneur Association, the China Enterprise Directors Association, the China General Chamber of Commerce and China Real Estate.[6]

His company owns 9.03 million square metres of investment property, 85 Wanda Shopping Plazas, 51 luxury hotels, 86 cinemas, 75 department stores, and 45 karaoke centres around China. The company became the world's largest theatre owner in 2012 when it acquired AMC Theaters. He bought out US-based AMC Entertainment Holdings for US$ 2.6 billion. He listed it on the New York Stock Exchange in December. He flew in celebrities Leonardo DiCaprio and John Travolta to help launch an US$ 8 billion mini-Hollywood in the coastal city of Qingdao in September 2013. He paid US$ 28.2 million for a Picasso painting. He acquired UK yacht maker Sunseeker for US$ 1.6 billion. He acquired a landmark building in Madrid for € 260 million (US$ 358.6 million) in March 2014. He acquired the Edificio Espana from Grupo Santander at a discount of 33 percent from the price that the Spanish banking giant had paid for the 25-story building in 2006. Prior to jumping into the Spanish market, Dalian Wanda had already taken on billion dollar hotel development projects in London and New York, as well as property projects in India.

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.[9] In talks with a takeover of Sheffield Wednesday

Personal[edit]

Wang, a fan of folk music, has been known to sing Tibetan and Mongolian folk songs at Wanda corporate annual meetings.[5] He is the oldest of five brothers born in Sichuan province.[5] His father fought for Mao Zedong's Red Army during the Long March campaign.[5] Mr. Wang’s 4 younger brothers, each of whom lives in the family’s native Sichuan province. Two of the younger brothers, Wang Jianchun and Wang Jianke, work at Sichuan Agricultural University, while third younger brother, Wang Jianchuan, worked at a previous incarnation of the university. Wang Jianchuan has been self-employed since 1995. The fourth brother, Wang Jianzhong, has been his own boss since 2000. Wang Jianlin's wife Lin Ning owns social clubs in Beijing and Dalian. Wang Jianlin has two sons and one daughter. He plans to retire at the age of 68. Words that his son, Wang Sicong (born in 1988) sets to inherit his empire. Wang Sicong has 2% of ownership of his father's empire. Wang Sicong owns online game and investment companies and is an outspoken presence on Chinese social media.

References[edit]

  1. ^ a b c Jie Chen, Bruce J. Dickson, Allies of the State: China's Private Entrepreneurs and Democratic Change, Boston, Massachusetts: Harvard University Press, 2010, p. 55 [1]
  2. ^ a b Profile of Wang Jialin, Forbes, March 2013
  3. ^ Russell Flannery, Real Estate Developer Wang Jianlin Tops New Forbes China Philanthropy List, Forbes, April 25, 2011
  4. ^ Michael Wei, Property Mogul Wang Emerges as China’s Richest Person, Bloomberg, August 19, 2013
  5. ^ a b c d e [dead link]
  6. ^ a b c d e f g Biography of Wang Jianlin, World Economic Forum
  7. ^ a b Biography of Wang Jialin, Reuters
  8. ^ a b 2010 Forbes ranking
  9. ^ http://rt.com/business/movie-metropolis-china-film-250/