One of World’s Youngest Billionaires Surfaces With Chinese Airline

One of the youngest billionaires on Earth has emerged in China after his budget airline tripled in value in less than three weeks.

Wang Han has a net worth of $1.3 billion at Thursday’s close in Shanghai, according to the Bloomberg Billionaires Index. The 27-year-old inherited 27 percent of Shanghai-based Juneyao Airlines Co. from his father, who died in 2004.