Wang Jianlin Biography
Wang Jianlin is a well-known billionaire Chinese commercial tycoon, investor, and philanthropist. He founded Dalian Wanda Group, the world’s largest theatre operator and China’s largest real estate development firm.
How old is Wang Jianlin? – Age
He is 68 years old as of 24 October 2022. He was born in 1954 in Mianyang, China.
Wang Jianlin Family
Wang was born and raised in Mianyang, China, the oldest of five sons. He is one of the sons of Wang Yiquan, who was a peasant who fought for Mao Zedong’s People’s Liberation Army. His father, who worked for the forestry service, and mother, Qin Jialin, retired from the army right before the Korean War and relocated to a village in Jinchuan County, Sichuan, where their son would grow up. At the time of his birth, he was given the name, which means ‘forest builder.’
Wang Jianlin Wife- Children
He is married to his wife Lin Ning and together they have a son, Wang Sicong.
Wang Jianlin Books
Wang published The Wanda Way: The Management Philosophy and Values of One of China’s Largest Companies in July 2016. LID Publishing distributed the book worldwide. Wang’s business philosophy on Wanda’s real estate, resort and movie units is included in the book, as well as his renowned 2013 China Central Television Voice interview, his speech and question-and-answer session at Harvard Business School, and his speech and question-and-answer session at the Harvard Business School.
What does Wang Jianlin own?- House
His company has 168 Wanda Shopping Plazas, 82 luxury hotels, 213 cinemas, 99 department shops, and 54 karaoke centers around China. With the acquisition of AMC Theatres in 2012, the firm became the world’s largest theatre owner. He paid $2.6 billion for AMC Entertainment in the United States. In December, he put it on the New York Stock Exchange. In January 2014, he brought in actors Leonardo DiCaprio, Kate Beckinsale, and John Travolta to help start a US$8 billion mini-Hollywood in Qingdao, China’s coastal metropolis. Wang paid GB£80 million for 15a Kensington Palace Gardens in London in December 2015. The property was originally rented by Leonard Blavatnik, a Ukrainian millionaire who resided there while working on the house he owns across the street.
How did Wang Jianlin make his money? – Wealth- Career- Wonder Group
As China began to crack down on such expansion and cash outflows, its fortunes plummeted. According to the Bloomberg Billionaires Index, his fortune has dropped to around $14 billion from a high of $46 billion in 2015, when he was named Asia’s richest person.
At the time of his birth, he was given the name, which means ‘forest builder.’ Wang joined the army at the age of 15, lying about his age, and quickly rose through the ranks, eventually becoming a commander at the age of 27. He served in the army in Chengdu before being transferred to the Shenyang Military Region in 1970. Wang began working as the office administrator for the Xigang District in Dalian in 1986, after serving in the army for 17 years. He took over the modest property firm Xigang Residential Development in 1988 with an $80,000 loan. He was elevated to general manager in 1992 when the firm went public as one of the first in a pilot program, and the name was changed to Dalian Wanda.
In March 2014, Wanda Group purchased the iconic Edificio Espaa skyscraper in Madrid, Spain, from Grupo Santander for “about a third less than the €389 million spent by Banco Santander in 2005, at the height of Spain’s construction boom.” Dalian Wanda had previously undertaken multibillion-dollar hotel development projects in London and New York, as well as real estate developments in India. In 2014, he purchased land at 9900 Wilshire Boulevard in Beverly Hills, California, for his entertainment company’s American headquarters, dubbed “One Beverly Hills.” He was rumored to be buying a 20% share in the Spanish football team Atlético Madrid for €45 million in January 2015. In 2018, he sold his shares to Quantum Pacific Group for an unknown sum. In 2016, Wang declared war on Disney, stating that he intends to open over a dozen competing amusement parks to ensure that Shanghai Disneyland Park does not make any money in China.
Wang’s Dalian Wanda Group announced plans to buy Dick Clark Productions for around $1 billion in November 2016, granting them broadcasting rights to the Golden Globe Awards, the Academy of Country Music Awards, and New York’s New Year countdown celebrations. Wanda already owns Legendary Entertainment, the co-producer of Jurassic World, and AMC Entertainment Holdings, a U.S. movie theater operator. His military background in the PLA, where he went from border guard to regimental commander, earned him the moniker “a man of Napoleonic ambition” in The Economist. Employees who break the company’s modest dress code are penalized, and he enforces “iron discipline” in the workplace. He has a “trim figure” despite his age.
Wang Jianlin Net Worth
He has an estimated net worth of 12.3 billion. For years, he’s been at the top of billionaire lists around the world. With US$8.6 billion, he was ranked 128th richest person in the world by Forbes the previous year. Bloomberg named him the wealthiest person in China in August 2013, with a net worth of US$14.2 billion. According to the Hurun Report, his net worth increased to US$22 billion in September 2013. He was the 25th richest person in the world in 2014, according to the Hurun Report, with a net worth of US$25 billion. With a net worth of $9.9 billion, Bloomberg named him Asia’s richest person in 2015. He was the richest person in Asia in 2016, according to Forbes, with a net worth of US$28.7 billion.
With a net worth of $31.3 billion, he was rated 18th on Forbes’ 2017 World’s Billionaires list, making him China’s richest man. However, due to gains in stock prices at Ma’s Alibaba Group, Jack Ma surpassed Wang Jianlin as China’s richest man on May 14. In the aftermath of the COVID-19 epidemic, Wang’s real estate business and movie theater chains both suffered substantial declines, knocking him off the list in 2020. With an estimated net worth of $14 billion, Forbes placed him outside the top ten on their list of Richest Chinese Billionaires for 2020.