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Subject: The latest Hurun wealth rankings now has Wanda chair Wang Jianlin listed as China's richest man.Wang Jianlin is now said to be worth around 34-billion US dollars
Excerpt: English text from the archived bilingual edition · Chinese edition
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The latest Hurun wealth rankings now has Wanda chair Wang Jianlin listed as China's richest man.Wang Jianlin is now said to be worth around 34-billion US dollars
A lot of his new wealth is being attributed to the 10-fold increase in the share price of Wanda's newly-listed cinema chain.Five years ago, 90 percent of his wealth came from real estate. But he has now managed to diversify away from real estate, which now only makes up half of his wealth
Last Year’s Number one Jack Ma has declined to the second as his personal net-worth drop to around 22-billion US dollars, mostly due to this year's plunge in Alibaba's share price in New York
But Ma's kingdom is now propped up by the continued rise of Ant Financial, the financial arm of Alibaba.Ant Financial is warming up to be one of the most anticipated listings of next year, after another round of investment in July valuing it $45 billion
"Beverage King" Zong Qinghou of WaHaHa sits third with a net worth of some 21 billion U.S. dollars, up 8 percent year-on-year
The same analysis by Hurun also suggests China now has more billionaires than the United States for the first time.There are 596 billionaires in China.The United States has 537 right now
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