Wang Jianlin is a Chinese entrepreneur and a business magnate who is well known as the Chairman and the Founder of the Dalian Wanda Group. The company is the largest real estate developer in China and also the world’s largest movie theatre operator. Wang was listed as the wealthiest person in China between the years 2015 and 2017. Let us have a quick look at the career and net worth of Wang Jianlin in 2020.
Early Life & Biography
Wang Jianlin was born in Cangxi County in Guangyuan, Sichuan, China on October 24, 1954. His father was a member of the People’s Liberation Army under Mao Zedong who participated in the Long March. Wang Joined the People’s Liberation Army when he was 15 and went on to serve in the army for 17 years as a border guard and a regimental commander.
Wang Jianlin is married to Lin Ling, and the couple has a son named Wang Sicong who was born in 1988. Wang Sicong attended the Winchester College and the University College in the UK and currently serves as the board member of the Wanda Group.
Career, Awards & Nominations
After serving the PLA for 16 years, Wang joined the Xigang district office as an office administrator, and in 1989 he was appointed as the GM of the Xigang Residential Development. He established a real estate company in 1988 which in 1992 became the Dalian Wanda Group.
After years of build up, Wang established his company as the largest real estate developer in China which has 21.57 million Sq mts on investment property. In and around China the company has 213 theatres, 168 shopping plazas, 99 departmental stores, 82 hotels, and 54 karaoke centers.
The Dalian Wanda Group acquired America’s largest theatre operator AMC Theatres in 2012 for $2.6 billion and became the world’s largest theatre operator. Wang launched a mini-Hollywood in China in 2014, and the inaugural ceremony was attended by DiCaprio, John Travolta, and many others.
In 2014, the company acquired the Edificio Espana building in Spain for 389 million euros, and in 2015 Wang purchased a 20% stake in Atletico Madrid FC for 45 million euros. The company also owns the Legendary Entertainment, a production company and conducts the China Cup in China along with FIFA each year from 2016.
Net Worth & Earnings
In 2012, he was ranked the 128th richest person in the world by the Forbes with a net worth of $8.6 billion. He was reported as the wealthiest man in China with $14.2 billion by the Bloomberg, and in 2013, his net worth was said to be $22 billion.
He bought the Kensington Palace Gardens in London for 80 million pounds in 2015 and was listed as the richest man in Asia. He continued to hold the title the next year with a net worth of $28.7 billion, and in 2017 his net worth rose to $31.3 billion making him the second richest man in China behind Jack Ma. His current net worth is estimated to be $31 billion.
Wang is also a man known for charity who donated $197 million in 2011 alone for charitable purposes. He is an avid supporter of the Communist Party of China and is said to be very strict at the workplace.