Wang Jing (businessman)

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Wang Jing
Born1972
ResidenceBeijing, China
NationalityChinese
OccupationChairman and CEO of Beijing Xinwei
Net worthUS$ 905  million[2]

Wang Jing (Chinese: 王靖; pinyin: wáng jìng; born 1972) is a Chinese businessman and billionaire. He is the Chairman and CEO of Beijing Xinwei, a Chinese telecoms company. Among his major interests is the HK Nicaragua Canal Development Investment (HKND) that manages the Nicaraguan Canal and Development Project to build the Nicaragua Canal.[3]

Early life[edit]

Jing was born in Beijing,[4] and studied at Jiangxi University of Traditional Chinese Medicine but did not graduate. Later he organized Beijing Changping Traditional Health and Culture School.[4]

Career[edit]

In the 1990s he went to Hong Kong to study finances and investment. In 1998 he founded Dingfu Investment Consulting Co. in Beijing, and in 2001 Hong Kong Divine (Dingfu) Investment Group Ltd.[4] It is unclear how he acquired a large 37% stake in Beijing Xinwei Telecom Technology later. When he sold his stake to a listed company now named Beijing Xinwei, his position in Forbes’ listing of China’s billionaires jumped from #94 in 2013 to #12 in 2014.[1]

Beside his interest in HKND, Jing has involvements in project consulting, mining, and agribusiness. A project to develop a Black Sea deep water seaport north of Sevastopol is on hold due to political instability.[4]

In November 2015, it was reported that the Nicaragua Canal project had been delayed due to environmental impact assessment, and a collapse in the Chinese stock market which meant that Wang Jing's net worth, at one time over $10 billion, had significantly declined.[5]

According to Forbes, Wang Jing had a net worth of $3.3 billion as of November 2015[1] that decreased to $ 905 million by October 2018.[2]

References[edit]

  1. ^ a b c "Wang Jing". Forbes. Retrieved 30 November 2015.
  2. ^ a b Forbes profile 2018
  3. ^ "HKND: The man behind the Nicaragua Canal". Maritime-CEO. Retrieved January 9, 2015.
  4. ^ a b c d Matthew Miller (May 4, 2014). "China's 'ordinary' billionaire behind grand Nicaragua canal plan". Reuters. Retrieved January 9, 2015.
  5. ^ Watts, Jonathan (27 November 2015). "$50bn Nicaragua canal postponed as Chinese tycoon's fortunes falter". The Guardian. Retrieved 30 November 2015.