Wang Jianlin becomes China's wealthiest person
Wang Jianlin is the owner of the biggest commercial land developer in China. He is also the richest person in the country according to a regulatory filing. The latter showed that his non-real estate businesses were more valuable than it was previously calculated.
Jianlin is also the chairman of Dalian Wanda Group. The movie theater chain became the world's biggest after it acquired AMC Entertainment Holdings Inc. last year on a deal priced USD2.6 billion. According to Bloomberg's Billionaires Index, Jianlin has a net worth value of USD14.2 billion. He is also richer than Zong Qinghou by USD3.2 billion. Qinghou is the founder of China's No.3 beverage maker, Hangzhou Wahaha Group.
Wang Jianlin planned to increase its property holdings by 88% in 2014. The property mogul had expanded his acquisitions abroad after his purchase of UK-based yacht maker, Sunseeker International Ltd. He also intended to spend more than USD1 billion to build luxury residential complex in Thames River in London.